New Delhi, June 6 -- Governments across the world are increasingly turning to industrial policy to strengthen strategic sectors, secure supply chains and boost economic resilience in the face of geopolitical and economic shocks, but the success of such interventions remains far from guaranteed, according to the International Monetary Fund (IMF).
In a recent analysis, the IMF noted that industrial policy - government measures aimed at supporting specific industries and firms - has witnessed a sharp resurgence since the COVID-19 pandemic and has accelerated further amid growing geopolitical tensions and recent conflicts in the Middle East.
The Fund said the number of industrial policy interventions introduced globally last year was 2.5 time...