New Delhi, Oct. 27 -- In line with India's goal of raising its factory output from about 13% of GDP to 25%, the government plans to boost its outlay for the National Manufacturing Mission to Rs.10,000 crore, as reported. Its aim is to fund project viability gaps in identified sunrise sectors for factories to arise in India that can join global value chains.

As part of a broad industrial policy, output and export targets would be set to help manufacturing account for a quarter of our economy within a decade. Will this push work? Some fear that the subsidy will get spread too thin, while others point to unfinished land, labour and regulatory reforms as weak links.

Ultimately, the success of this mission's export ambitions may depend less ...