Along with the US and China, India could be a big enough force in global manufacturing

India has a long way to go to catch up with Thailand let alone the US.

It is a wonder how pervasive and long-lasting the damage can be from a balance-sheet crisis, says Suman Bery.

Make in India has few advantages and some disadvatnages too.

Studies suggest net benefits of hydro-power, nuclear energy or natural gas as sources of electricity are greater than those of wind and solar.

The resilience of many emerging markets, notably China and India, in the aftermath of the Lehman shock further strengthened this sense of manifest destiny.