S Jaishankar On Why India Missed Manufacturing Targets & The Current “National Mood”

External Affairs Minister S Jaishankar goes candid with his opinion on why India missed the manufacturing opportunity. Addressing an event in Mumbai, the minister squarely put the blame on “mistake of the past” saying how could the manufacturing sector flourish if there was no infrastructure, no human capital and no credit support from banks. According to the minister, the Modi Govt has, in the past 10 years, built a foundation for a strong manufacturing sector. He reiterated that India was ready for a production push and took a swipe at Congress MP Rahul Gandhi and former RBI Governor Raghuram Rajan, who he said believed that India is incapable of manufacturing. “The national mood is,” he said, “that we will build and compete globally”.