India’s Manufacturing Ambition Faces the 25% Question as Three Decades of Policy Deliver Mixed Results

PLI and Make in India Create Sectoral Success Stories, but Manufacturing’s Share of GDP Remains Broadly Stable; Structural Reforms Key to Achieving 25% Target New Delhi: India has pursued an ambitious manufacturing-led growth agenda for over three decades, introducing landmark interventions including liberalisation, Special Economic Zones, Make in India and the Production-Linked Incentive (PLI) scheme....