We cover:
- Why Tamil Nadu became a magnet for Apple and global manufacturers
- How the PLI scheme differs from India's historical approach to industrial incentives
- The tension between central and state-level policy in shaping manufacturing outcomes
- India's place in a world turning toward economic nationalism and protectionism
- The role of development finance institutions, the India-China dynamic, and green manufacturing
Timestamp:
0:00 Introduction
1:39 India's Industrial Policy in the Global Context
4:19 Centre vs. States: Fiscal Federalism & Industrial Policy
8:13 State Capacity: Tamil Nadu, Gujarat & Maharashtra Compared
13:14 How Sector-Specific Zones & Agglomeration Drive Growth
17:59 Why States, Not the Centre, Decide Where Investments Land
22:51 The PLI Scheme: How Conditionalities Shape Industrial Policy
29:24 Lessons from Japan's MITI & Korea's EPB
38:39 Authoritarianism & Industrial Policy: Separating the Myth
45:14 Competition Policy, Picking Winners & Disciplining Firms
53:33 Development Finance Institutions (DFIs) & the Licence Raj
1:08:02 Solar PV Manufacturing & Green Industrial Policy
1:18:07 India-China: FDI, Enclaving & the Geopolitics of Green Tech
1:23:13 Chinese FDI vs. Belt & Road: Why the Distinction Matters
1:27:32 The China Squeeze & India's Manufacturing Catch-Up
1:34:00 Export-Led Growth: Is the Playbook Still Valid?
1:31:44 Manufacturing vs. Services: Ha-Joon Chang vs. Dani Rodrik
1:34:53 India's Services "Resource Curse" & the Path to Global Champions
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