by Ilan Strauss and Vasiliki Mavroeidi*
With the launch of India鈥檚 Make in India campaign, Karl P. Sauvant and Daniel Allman asked in their recent Perspective: 鈥溾��, focusing on attracting FDI. However, the issue is not only attracting FDI, but benefitting from it fully. Liberalization alone will not enable Make in India to transform India into a manufacturing hub. Targeted industrial policies are required to ensure that FDI upgrades domestic capabilities.
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