Beyond the Indus | Economy | South Asia

Rahul Bajoria, Bank of America Chief Economist, on India’s Manufacturing Ambitions

Why has India’s manufacturing sector has remained stuck at around 15 percent of GDP despite decades of rapid growth?

Rahul Bajoria, managing director and head of India and ASEAN Economic Research at Bank of America, joins host Tushar Shetty to examine why India’s manufacturing sector has remained stuck at around 15 percent of GDP despite decades of rapid growth. 

They discuss the colonial and planning-era roots of India’s weak industrial base, the regulatory and compliance burdens that keep Indian firms small and push them into informality, why regulatory progress has been driven by a handful of competitive........

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