, Columnist
Modi’s $24 Billion Manufacturing Push Is Stuck on the Assembly Line
A stalled chipmaking plan is casting doubt on a costly industrial policy campaign. Will subsidies only create low-end jobs that add little value?
Ambitions stymied.
Photographer: Karen Dias/BloombergThis article is for subscribers only.
A $10 billion push to make semiconductors in India is on shaky ground.
Its collapse will expose a major fault line in Prime Minister Narendra Modi’s campaign for greater economic self-reliance.