India’s industrialisation strategy has relied more on incentives than on structural transformation. Discuss this critique. Examine its implications for productivity growth and propose a structural reform agenda.
Topic: Industrial Policies Q5. India’s industrialisation strategy has relied more on incentives than on structural transformation. Discuss this critique. Examine its implications for productivity growth and propose a structural reform agenda. (15 M) Difficulty Level: Medium Reference: InsightsIAS Why the question India’s recent industrial expansion is increasingly driven by fiscal incentives like PLI rather than …








