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Innovate or Perish: The Future of Indian Manufacturing

May 15, 2014 at 3:00 PM to 4:00 PM

Location:Canada India Centre Richcraft Hall

The poor performance of Indian manufacturing is reflected in poor growth in the sector, and a growing trade deficit. At the same time there are also notable successes in high technology and high knowledge sectors, such as generic pharmaceuticals and IT services respectively.

-What do these successes tell us about the policies needed to build a future for Indian manufacturing?
-How can the Indian manufacturing deficit be addressed?
-Is it a matter of going back some form of industrial policy? Or is it a matter of promoting innovation?

India has shown capacity to develop frugally-engineered products for her large population at very low prices. Is this a form of innovation in which India has a comparative advantage to break into world markets for the poor?

Dr. Nathan’s talk addressed these issues, which are at the heart of the future of Indian manufacturing and of the Indian economy as a whole.

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