Why can’t India crack manufacturing? | Indian Economy | Make in India | RBI | Macro Matters Ep 6

Why has India struggled to become a manufacturing powerhouse despite decades of reforms, Make in India and PLI schemes? In this episode of Macro Matters, Business Standard's Ankur Bhardwaj speaks with veteran journalist A. K. Bhattacharya about the structural challenges holding manufacturing back, the implications for jobs and investment, and whether India is becoming too financialised before it industrialises. Watch the discussion on what India needs to do to build a stronger manufacturing base and sustain long-term economic growth. 00:00 - Why can’t India crack manufacturing? 02:30 - RBI policy and the manufacturing backdrop 10:25 - Why can’t India crack manufacturing? 17:00 - The role of the State 22:45 - Make in India & PLI 29:15 - Private-sector capex 32:50 - Demonetisation and GST 39:25 - India and Vietnam 41:30 - If manufacturing cannot create jobs, who will? 51:00 - Is India becoming too financialised too early? #manufacturing #jobs #indianeconomy #rbi #makeinindia #pli #privatesector #gst #demonetisation Important Playlists National News:    • Nation   Business News:    • Business   World News:    • World   BS Decoded:    • BS Decoded   Want access to Business Standard’s premium insights? Join our exclusive LinkedIn communities and connect with top voices in the BFSI space—on topics that matter to you! BFSI Circle –   / 9867761   Business Standard Reader's Group –   / 5013698   Hello viewers! Guess what? We're now on WhatsApp Channels! Dive into real-time news updates, insights, and much more. Follow us: https://whatsapp.com/channel/0029Va6c... Subscribe to BS Hindi YouTube Channel:    / @bshindinews   Download the all-new Business Standard app: https://bit.ly/App-BS Join us:   / bsindia     / bsindia     / business.standard