ISSN: 2277-405X
The New Architecture of Growth: India’s 21st-Century Industrial Policy and Global Ambitions
Paper ID: IJATRD-2026-00034
DOI :
DOI: https://doi.org/10.67750/ijatrd.v3.i2.001Keywords:
Keywords:
Abstract:
Abstract
Amidst slowing global economic growth and rising structural protectionism, industrial policy has returned to the center of global economic strategy. Moving past historical import-substitution models, India is pioneering a modern framework that aligns with the World Bank's 21st-century industrial taxonomy. This paper analyzes India's strategic shift toward securing global value chains (GVCs) by deploying tailored public inputs, localized mega-clusters, and performance-tied market incentives like the Production Linked Incentive (PLI) scheme. It highlights how the country is structurally decentralizing its trade architecture by activating districts as export hubs via the Export Promotion Mission (EPM). Finally, the paper addresses the critical macroeconomic necessity of transitioning from low-value "screwdriver assembly" to core R&D and component-led engineering to build a resilient, globally competitive manufacturing ecosystem.
How to Cite
Patil, S. (2026, September 29).
The New Architecture of Growth: India’s 21st-Century Industrial Policy and Global Ambitions.
https://ijatrd.org/en/article/2026-00034
References:
References
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[3] World Intellectual Property Organization (WIPO), Global innovation index 2025, WIPO Publications, 2025.
[4] United Nations Industrial Development Organization (UNIDO), Competitive industrial performance (CIP) index report, UNIDO Data Core, 2025.
[5] IMD World Competitiveness Center, World competitiveness ranking yearbook, IMD Business School, 2025.