Should India choose manufacturing over services?

News Today 16.09.2022

Earlier this week, the former Governor of the Reserve Bank of India, Raghuram Rajan, questioned the Central government’s production-linked incentive (PLI) scheme, arguing that it works against the interests of Indian consumers. In doing so, he revived the larger debate on the government’s efforts to promote the country’s manufacturing sector through subsidies, and on its relative importance vis-a-vis the services sector. Ajay Shah and Nagesh Kumar discuss this issue and talk about creating enabling conditions, in a discussion moderated by Prashanth Perumal J.. (Read More)

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