Industrial Policy

There are lots of s against industrial policy, right? So wanted to discuss those with you and lets see what you think on the side as well. The main arguments against ar one, as we already discussed, government is trying to predict the industries, technologies and products of the future. That money might divert important resources to an exercise which was very difficult to predict in the first place. Even if the industrial policy succeeds, maintaining its success over time is really difficult because you need very high regulatory capacity to avoid rent seeking. And that's, i think, the principal challenge for the indian point of view.