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Industrial policy is back with a vengeance everywhere
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₹50,000 crore investment target for 2023-24, actual commitments were only ₹31,000 crore. It is well known that the scheme’s structure has many problems, but the real hitch lies elsewhere.
It is the same shortcoming that also plagues the government’s capital expenditure push: the private sector’s reluctance to invest. No industrial policy can work unless the government appreciates the real reasons behind the private sector’s unwillingness to invest in India even while finalizing capital allocations for overseas projects.
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