Defending development

Two very different speeches in New Delhi last week, on the eve of India’s 64th Independence Day, drew attention to the strategic role of industrial policy. Harvard economist Dani Rodrik, renowned for his influential work on industrial policy and a source of inspiration for India’s National Manufacturing Competitiveness Council, told a Confederation of Indian Industry audience that “strategic collaboration and co-ordination between the private sector and the government” could help uncover the bottlenecks in industrial growth and encourage investments in “non-traditional” areas.

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