The slow growth of the manufacturing sector has been a matter of concern for quite some time. The Congress government ceremoniously inaugurated a national manufacturing policy in 2011.


When he fought the 2014 general elections, the current prime minister coined the slogan, "Make in India". Although he did not specify what he wanted people to make, it was implicit that he wanted to attract more industry to India. It has not happened in these three years; industrial growth continues to languish below 5 per cent a year. What can be done about it?


Read Ashok V Desai's column here.