IDEAS home Printed from https://ideas.repec.org/a/kap/jincot/v24y2024i1d10.1007_s10842-024-00417-6.html
   My bibliography  Save this article

Made in India: Industrial Policy in a Changing World

Author

Listed:
  • Deepak Nayyar

    (Jawaharlal Nehru University
    Kluge Chair in Countries and Cultures of the South, United States Library of Congress)

  • Gaurav Nayyar

    (World Bank)

Abstract

Industrial policy can play a role in India’s elusive quest for jobs, particularly “good jobs,” and technology upgrading as it seeks to traverse the first stage of industrialization driven by abundant cheap labor and high investment rates, to reach the second stage which requires higher productivity levels and a capacity to innovate. There are lessons to be learned from the past in the success stories of Asian industrialization—including some from India itself. Yet, the past may not be the perfect recipe for the future given a changing global landscape characterized by increasing industrial automation, rising concerns about market access, and the increasing interdependence between the manufacturing and services sectors. Going forward, the role of policy coordination in improving the effectiveness of industrial policy to spur India’s industrialization will take center-stage. New policy directions that leverage possibilities of technological leapfrogging—including through the services sector—as well as the synergies between manufacturing and services will be equally important.

Suggested Citation

  • Deepak Nayyar & Gaurav Nayyar, 2024. "Made in India: Industrial Policy in a Changing World," Journal of Industry, Competition and Trade, Springer, vol. 24(1), pages 1-27, December.
    • Handle: RePEc:kap:jincot:v:24:y:2024:i:1:d:10.1007_s10842-024-00417-6
    DOI: 10.1007/s10842-024-00417-6
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10842-024-00417-6
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10842-024-00417-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Industrial policy; Industrialization; Manufacturing sector; Services sector; India;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jincot:v:24:y:2024:i:1:d:10.1007_s10842-024-00417-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.