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Manufacturing a better future

The manufacturing sector was one of the growth drivers of the Indian economy in the halcyon high-growth years before the global economic crisis. It appeared to have picked up again once recovery set in globally, but in recent months, its languid performance has again become a matter of concern. Certain policy actions have now become imperative, to be instituted before the momentum is lost. The announcement of a national manufacturing policy is one of these. This is a short-term solution to a long-term problem.

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