Category: Policy
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Reimagining Legacy Clusters in India: From Survival to Global Relevance
Introduction: The Forgotten Backbone of Industrial India India’s legacy industrial clusters—spread across textiles, handicrafts, engineering, leather, and food processing—have historically been the backbone of employment, exports, and regional development. Yet, in a rapidly evolving global economy shaped by supply chain realignments, sustainability pressures, and technological disruption, many of these clusters…
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India’s Emerging Chemical Parks: Reimagining Industrial Policy for a Fragmented Global Future
A New Industrial Frontier: Historical Perspective and Policy Shift India’s newly proposed chemical parks scheme marks a decisive shift in the country’s industrial policy—one that blends lessons from past attempts with a clearer understanding of global competitiveness. Historically, large industrial parks such as the PPI RCC initiative aimed for scale…
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Digital Innovation & Rural Industrial Cluster – Lessons from the ITC Cluster (Slovenia/Europe)
The evolution of Digital Innovation in Rural Industrial Clusters has become a defining feature of Europe’s emerging development narrative, and the Innovation Technology Cluster (ITC) of Slovenia stands at the centre of this transformation. To understand its significance, we must trace the arc from Europe’s post-industrial rural decline to today’s…
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Europe’s New Industrial Moment: Strategic Clusters
Introduction: Europe’s Long Arc of Industrial SovereigntyEurope’s industrial landscape has historically been defined by deep technological strengths—Germany’s engineering backbone, France’s nuclear ecosystem, Italy’s manufacturing specialisation, and the Nordic countries’ leadership in sustainability. Yet, the 21st century has confronted the continent with challenges unseen since the post-war reconstruction: supply-chain fragilities exposed…
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Power Politics in Textile Clusters
Textile clusters have long been celebrated as engines of local growth, employment, and exports. From Tiruppur to Surat, Panipat to Ludhiana, each cluster has played a defining role in shaping India’s manufacturing geography. Historically, these clusters emerged as dense networks of specialised firms—spinners, weavers, dyers, processors, exporters—thriving on proximity, skill…
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Health Innovation in the 21st Century: Why a Multi-Stakeholder Model Is No Longer Optional
Health innovation has always advanced at the intersection of science, policy, and society. From the eradication of smallpox through coordinated vaccination drives to the rapid development of mRNA vaccines during the COVID-19 pandemic, progress has rarely been the product of a single profession or institution. Instead, it has emerged from…
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Emerging Economies: Momentum with Conditions
The narrative around emerging economies has once again turned optimistic. After years of pandemic disruption, geopolitical realignment, and inflationary turbulence, several emerging markets are demonstrating relative resilience. Youthful demographics, expanding middle classes, and domestic consumption are acting as stabilizing anchors. Yet this momentum is unfolding under conditions far more complex…
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The Inflation Fight Is Over — The Inflation Problem Is Not
A False Victory: The Illusion of Stability By early 2026, advanced economies appear to have defeated inflation if one looks only at the headline numbers. Consumer Price Index (CPI) inflation has cooled across the US, Europe, and parts of East Asia, giving an impression of regained macroeconomic stability. But beneath…
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Three Capital Market Risks Flagged in Economic Survey 2025–26 But Missed in the Union Budget
India’s Economic Survey 2025–26 presented a clear warning: the capital market is entering a structurally volatile phase, shaped by global financial fragmentation, rising protectionism, and India’s rapid domestic financialisation. Yet, the Union Budget 2025–26 largely avoided engaging with these vulnerabilities, focusing instead on borrowings, incremental financial sector reforms, and targeted…
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