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Research Article
📘 Vol. 3 Issue 2 (2026): Current Issues

ISSN: 2277-405X

The New Architecture of Growth: India’s 21st-Century Industrial Policy and Global Ambitions

Shreekant Patil

Paper ID: IJATRD-2026-00034

DOI :

DOI: https://doi.org/10.67750/ijatrd.v3.i2.001

Keywords:

Keywords:

Industrial Policy Global Value Chains (GVCs) PLI Schemes MSME Integration Spatial Planning Export Promotion Mission

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

Author Biography

  • Shreekant Patil, PARENTNashik, ICTRD, Startup India, NSDC

    CEng Shreekant Patil is founder at PARENTNashik – (India), (100 % Export to Europe). He is Committee chairman at NIMA Startup Hub, MACCIA - Maharashtra Chamber of Commerce, Vice President at IBSEA, GFID & MSMECCII, Advisor at United Marathi International Chamber,  GIBF, Founder member at FOEII University, Delhi, Hon. Advisor at Poland-India Chamber of Cooperation, Chartered Engineer with DGFT, Valuer, with 30+ years of industrial experience, former Sr. Consultant at NP Council India Under Ministry of Commerce & Industry, Technical Committee Member & Resource person Rp at BIS India – Bureau of Indian Standards – Govt of India, AWS – American Welding Society and ISA – International Society of Automation. He is Official Mentor at Govt of India Initiatives: BHASKAR, Startup India, WEP, STPI, BIRAC, AYE, MeitY Startup Hub, IIT Bombay, IIT Madras, Certified LEAN, ZED, Consultant, Euro Exim Bank, AfDB, Asian Development Bank, SIDBI, United Nations, European Commissions, Certified Master Trainer, Assessor at NSDC (Skill India, DVET, MSBSVET), Certified Trainer by IFC – World Bank Groups, PoP at UGC, Volunteer Startup Mentor at AICTE – Vidyanjali Programme, member at IEEE Entrepreneurship, Independent Director, Niryat Bandhu, Udyami Mitra at Khadi India, Associated with EEPC, SEPC, APEDA, Council member at International Trade Council – Business for innovation & technology, member, reviewer, mentor at Asian Council of Science Editors, IFERP, Global Harmonization Initiative, Cluster collaboration- European Union, mentor at MentorMe program of European Institute of Innovation and Technology (EIT), Sustainability Ambassador for UNSDG – SPSC- UK. Shreekant Patil has been nominated in roster of experts at UNFCCC. He is researcher fellow, author, writer. He is Brand Ambassador for Wallonia, Belgium. Shreekant is now authorised signatory at World Bank Groups GLC- IFC (International Finance Corporation). He is IPL expert at UNESCO. He is Resource Person at United Nations Internet Governance Forum (IGF) & member of UNESCOChair- Global Health and education (GHE), Principal Consultant (CPD Accredited- UK), Expert & Policy maker at Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), member of ICTRD Management Council, Trainer of Trainer, Trainer of Trainers on Integration of SDGs into the National Planning

    His mission is to promote self-employment by fostering startups, empowering entrepreneurs and women, supporting Govt schemes & funding, building exporters and supply chains, while driving capacity building through ZED & Lean MSME certifications, BIS–ISI standards, and Chartered Engineer certifications. A small contribution making India - Atmanirbhar Bharat and Viksit Bharat.

References:

References

[1] World Bank, Industrial policy for development: approaches in the 21st century, World Bank Research Repository, 2024.

[2] Directorate General of Foreign Trade (DGFT), Export Promotion Mission (EPM) field implementation phase guidelines, Ministry of Commerce and Industry, Government of India, 2025.

[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.

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Published

2026-09-29

Issue

Vol. 3 No. 2 (2026): Current Issues

Section

Articles

How to Cite

The New Architecture of Growth: India’s 21st-Century Industrial Policy and Global Ambitions. (2026). International Journal for Advancements in Technical Research & Development, 3(2), 1-4. https://doi.org/10.67750/ijatrd.v3.i2.001
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