India's demographic dividend will turn sour unless manufacturing takes off

Even as we have been trying to reconcile with India's GDP growth rate slumping to the lowest in a decade, latest data slams us with an even worse development: industrial growth has slowed to the lowest in two decades! Many trends have been leading up to this point, from a decline in private investment and slackening exports (despite the crumpling of the Indian currency) to a deceleration in electricity output and auto sales.

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