August 12, 2012 AT 12:00 am
Manufacturing in India: The masala Mittelstand
Manufacturing in India: The masala Mittelstand @ The Economist.
IF INDIA is to become “the next China”—a manufacturing powerhouse—it is taking its time about it. “We have to industrialise India, and as rapidly as possible,” said the country’s first prime minister, Jawaharlal Nehru, in 1951. Politicians have tried everything since, including Soviet-style planning. But India seems to prefer growing crops and selling services to making things you can drop on your foot.
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