Subsidies can't spark off a manufacturing boom

India needs a factory revolution even if it won't generate too many jobs. For this, we need revolutionary changes from shop-floors to classrooms, rather than state-support packages

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To become a manufacturing powerhouse, India requires a systemic overhaul. While a few thousand crore rupees worth of targeted subsidies may speak of the government’s ambition to raise the share of factory output in India’s economy to 25% within a decade, what’s no longer clear is whether this can expand jobs in the same proportion.