Strengthening Constitutional Self-Government

No Left Turns

India’s manufacturing sector

Do you think that India’s economy is entirely service oriented? Then consider India’s manufacturing capacity. Sebastian Mallaby, in a WaPo op-ee, argues that until the reforms of the 1990s, "India had good engineers but lousy manufacturing because high tariff walls made its firms complacent. But the opening of India’s economy has forced its manufacturers to reinvent themselves." More competition for Detroit. Yet, also see this. Also note that Intel, the world’s largest chip maker, plans to invest more than $1 billion in India to strengthen its operations in the country.

Discussions - 1 Comment

You and Hugh Hewitt both missed the same detail. India has insituted over the last two decades substantial reforms, with accelerated tax cuts the last ten years. Their taxes are now lower than in the US, with a top rate of 30%. The new finance minister is a genuine supply sider. Announcing his name and the prime minister was the only thing that saved the stock market there after the Communists did so well.

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