Key Points
A big question mark is how quickly it can build out the infrastructure it needs to really seize the opportunity. There have been signs of progress recently, but New Delhis cramped fiscal space means it needs to do more to entice private-sector investors, too..
India is experiencing a manufacturing renaissance of sorts led by Apple and its Taiwanese suppliersafter decades of failed efforts..
Indias National Infrastructure Pipeline envisages 111 trillion rupees, equivalent to $1.33 trillion, of infrastructure capital expenditures from fiscal years 2020 to 2025..
Indias focus on shoring up its shoddy infrastructure is critical to attracting dollars into the fledgling manufacturing sector, which accounted for just 13% of its gross domestic product last year, compared with 28% for China, according to the World Bank..
The hope is that more government infrastructure dollars will help anchor private-sector investment too by removing key logistical bottlenecks and sharing financial risksespecially now that foreign manufacturing investment is pouring in..
