Economics
Pandemic Has India Scrambling to Boost its Manufacturing Sector
- Manufacturing has shrunk to about 13% of India’s economy
- Almost 18 million people will be forced to switch occupation
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
For decades, the services industry powered India’s growth and tempered unemployment in the world’s second-most populous nation. The coronavirus pandemic is now leading to calls for an urgent rebalancing of the economy toward manufacturing.