DMPQ: Why manufacturing sector in India failed to realise its potential?

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Major reasons are:

  1. Low capital investment in infrastructure.
  2. Rising NPA after financial crisis and Twin balance sheet problem.
  3. Opening up of economy in 1991 had
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make us vulnerable as manufacturing country. We did capitalise on service sector.
  • Labour laws skewed in favour of non-setting up of manufacturing units.
  • Low investment in Research and development sector.
  • Non availability of skilled labour force.
  • Enforcement of contract and complexity in labour laws is a complex issue.
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