India needs a blueprint to boost manufacturing

India's New Manufacturing Policy aims to create 100 million jobs in 15 years; grow manufacturing about 3% faster than GDP so that its contribution to GDP can increase from 16% to 25%; and increase technological depth and value addition in India's manufacturing to enable India to improve its trade balance which has been deteriorating with increases in imports (including large volumes of manufactured goods) exceeding exports. How will these ambitious goals be achieved? 

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