Can a Swiss Lion revitalize Indian Manufacturing?

Economists often talk of the “ladder of development”. Historically a huge rung in that ladder has been a large amount of employment in the manufacturing sector leading to the creation of a middle class. Recently, as shown in the research of Dani Rodrik and others, poor countries are prematurely de-industrializing.

India is one of the most dramatic cases. Here’s Dani:

Industrialization peaked in Western European countries such as Britain, Sweden, and Italy at income levels of around $14,000 (in 1990 dollars). India and many sub‐Saharan African countries appear to have reached their peak manufacturing employment shares at income levels of $700.

Yikes.

Fortunately India now has a virile, proud, manly PM who is going to fix all this.

With a Swiss lion.

Robin tried the website multiple times today and it apparently is non-functional. So maybe it is an Indian lion after all?

While the Indian press is generally quite positive on the campaign, one prominent Indian is skeptical.

I gotta say that I’m with Rajan on this one. Sorry Modi.

One thought on “Can a Swiss Lion revitalize Indian Manufacturing?

  1. Frankly speaking, it’s very hard to say much on these things since we got to be very careful with how we work out everything. I go with broker like OctaFX and that’s where I gain plenty of support and benefit to work without thinking too much about these things and that’s entirely to do with their daily market news and analysis service, it’s so accurate that in past 6 months, I have gained over 85% results and it’s free as well.

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