Page 69 - Nuvama | IC Report 2023

V
ANT
5D
AD
GE
INDIA: THE
A
INDIA: THE 5D ADVANTAGE

➦ The famed Asian miracle economies took wings from the
entwined twins: manufacturing and infrastructure; it is now
India’s turn to take a leap off these two springboards

➦ In the past, India’s approach towards manufacturing
scale-up has been fragmented, entailing micro-level
interventions that yielded little success; this time around,
it is about building an ecosystem that unleashes synergies

➦ FDI liberalisation, PLI, lower taxes and enhanced ease of doing
business are preparing the ground for manufacturing to take
off in a big way; concomitantly, the National Infrastructure
Pipeline would revamp India’s infrastructure

➦ In addition, the shifting sands of global order – China
plus One, urgency to diversify supply chains and defence
security – are throwing up immense opportunities for India

➦ India’s odds of engineering a manufacturing renaissance
have never been brighter—the government’s approach has
never been so comprehensive and external environment
never so inviting

67
67