Since Narendra Modi became Prime Minister in 2014, he has prioritized boosting India’s manufacturing sector with initiatives like ‘Make in India’ and ‘Atmanirbhar Bharat.’ These efforts have seen the government’s capital expenditure in GDP rise significantly, with substantial investments aimed at enhancing domestic manufacturing capabilities. However, as Modi embarks on his third term, there is an ongoing debate about whether India should continue to focus on manufacturing or shift more attention to its well-established service sector, which has been a strong economic driver for over a decade. This discussion will shape the strategic direction of India’s economic policies in the…
