Malfunctioning hub

Print edition : August 05, 2016

Workers at BHEL's photovoltaic manufacturing facility in Bengaluru. Public sector companies such as BHEL have been hit hard by the lifting of tariffs on imported equipment. Photo: K. Murali Kumar

At a Best Price Modern Wholesale store of Walmart in Zirakpur in Punjab. The FDI brought in by foreign entities has nothing to do with production capacity, technology or long-term commitment to the Indian economy. Photo: Ajay Verma/Reuters

Prime Minister Narendra Modi at the launch of "Make in India". Despite the hype, the government has practically abandoned efforts to establish an industrial policy regime. Photo: R.V. Moorthy

At a pharmaceutical plant in Goa. Indian Pharmaceutical companies have survived the neoliberal because of their dominance of the global market for generics. Photo: Dhiraj Singh/Bloomberg

The promise of the advocates of neoliberalism to position India as a factory for the world remains a pipe dream, thanks to the very policies that they put in place to fulfil it.
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