One of the key objectives of any economy’s industrial policy is to boost domestic manufacturing. India’s manufacturing sector, however, has remained stagnant. In addition, India's industrial policies have sometimes violated WTO norms and resulted in a number of trade disputes. Is India creating norms of it’s own when it comes to such policies or is it just following the crowd? In this episode of All Things Policy, Kripa Koshy is joined by Sarthak Pradhan (Assistant Professor, Takshashila), where Sarthak argues that India isn’t creating any new norms with regard to its industrial policies. Further, India should remove obstacles to private investments and implement a number of factor market reforms if it is indeed interested in boosting manufacturing.
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