The Big Picture - Making India a Manufacturing Hub

On June 20, Prime Minister Modi, in a 165-minute virtual interaction with Ministers asked them to put the economy on a growth trajectory. For this purpose, he asked the Ministers for ideas which can transform India into a global manufacturing hub. In the virtual interaction, the discussion was mainly about China and the manufacturing challenges faced by India. Earlier, Prime Minister Modi gave a mantra ‘vocal for local’ during his address to the nation on May 12, 2020. The idea was to promote local brands and goods. He further stated that the brands which are global today were once local. More recently, the clamour has become louder to make India a global manufacturing hub, especially considering the China situation. In the 1980s, China began as a producer of low-end products and in 2010; it became the largest manufacturer in the world, overtaking the US in all the sectors-- drugs to electronics. In 2018, as per UN data, China accounts for 28% of the global manufacturing output. In this edition of the Big Picture we analyse what needs to be done to make a global manufacturing hub.

Guests -
1- Subhrakant Panda, Chair, Manufacturing Committee, FICC
2- Ajit Ranade, Chief Economist, Aditya Birla Group
3- Aruna Sharma, Former Secretary, Ministry of Steel

Anchor - Frank Rausan Pereira

Producer - Sagheer Ahmad