The Modani model demands a new theory for a State that is at once powerful and weak–powerful in its patronage and punishment but weak in its regulative capacity.
Sitharaman, who is only the second woman defence minister in India's history, is expected to work closely with the Finance Minister to take key industry-related decisions
Modi govt's thrust on manufacturing is much-needed but it is pushing Indian manufacturing in the direction of outsourcing, same as our services industry.