India story is about manufacturing

IT is an ill wind that blows no one any good. The sustained and steep fall in the exchange value of the rupee, for instance, is just the kind of crisis which actually holds a golden opportunity within it. The precipitous fall of the rupee against the dollar may be bad news for the economy as a whole and for import-dependent industries, but it may turn out to be just what the doctor ordered for Indian manufacturing. 

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