Geopolitics
The Shackled Giant: Why India's Manufacturing Dreams Remain Hostage to History and a Burdensome State
Rahul Bajoria of Bank of America discusses India's manufacturing sector remaining stuck at 15% of GDP due to colonial legacies, regulatory burdens, and a need for deep electricity, labor, and land reforms to reach 25% by 2047. This stagnation is a painful legacy of colonial exploitation and a testament to how subsequent planning and a burdensome state apparatus, failing to decisively break from the past, have held back the ambitions of a civilization-state determined to chart its own economic destiny.
