India’s economy is today precariously perched. Unemployment has jumped, government revenues have collapsed, banks are saddled with bad loans, thousands of SMEs are on the verge of closure and consumer spending remains weak. A quick recovery, much less a V-shaped one, is simply not a tenable expectation at this point. If new investment in manufacturing is to be invited, it is important to appreciate the prerequisites to achieving this. There are 4 broad issues that need to be addressed through suitable policy measures. Adit Jain shares his insights.

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