Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/161870 
Year of Publication: 
2017
Series/Report no.: 
CESifo Working Paper No. 6431
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
The on-going ‘Make in India’ campaign aims at manufacturing revival. Its characteristics resemble East Asian industrial reform and growth policies based on the flying-geese model which highlights ‘step-by-step’ changes in a country’s specialisation pattern and global competitiveness accompanied by economic growth. Unlikely, ‘Make in India’ comprises heterogeneous measures ‘simultaneously’ supporting industries in different development stages from labour and capital-intensive to high-tech industries and modern services. Moreover issues like world-market uncertainty discouraging export activities; poverty-reduction-oriented labour-industry promotion vs overall productivity increase; and complementary role of IT services for industrial modernisation and growth, will shape the success of India’s diversified industrial policy.
Subjects: 
development stage theory
flying-geese paradigm
industrial growth and specialisation
Make in India
East Asia
international comparison
JEL: 
O10
O40
O50
L60
Document Type: 
Working Paper
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