An assembly line stuck on Modi’s $24 billion manufacturing push

An assembly line stuck on Modi’s $24 billion manufacturing push.

A $10 billion initiative to produce semiconductors in India is in jeopardy. Its failure will highlight a significant weakness in Prime Minister Narendra Modi’s drive for greater economic independence.

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The nation was preparing to emerge from its epidemic lockdown, Modi coined the phrase “self-reliance.”

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One-fourth of India’s tariff lines would be greater than 15% by 2020. That is a double increase from ten years ago.

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