Reversing Pre-mature Deindustrialization for Jobs Creation: Lessons for ‘Make-in-India’ from Experiences of Industrialized and East Asian Countries

Author Name by Dr. Nagesh Kumar
Author Name: 
by Dr. Nagesh Kumar

Abstract: This paper presents new evidence on pre-mature deindustrialization being witnessed by India in terms of rising share of imports in final consumption. Given the compulsions of creation of jobs for 12 million who join the workforce every year, the paper finds Make-in-India as a timely initiative needed to harness the direct and indirect job-creating potential of manufacturing. It then reviews lessons from the experiences of industrialized and East Asian countries in building industrial capacities through strategic interventions that may be relevant for India as it seeks to build its manufacturing sector