New policy needs grit

The task is to nurture competitive industries while maintaining fiscal discipline and currency stability, conditions without which long-term investment is impossible.

AS the country edges towards the launch of its next industrial policy cycle, there is a temptation to be comforted by lofty targets and warm rhetoric. Yet, if the forthcoming strategy is to do more than decorate conference halls, the authorities must confront the hard realities that have repeatedly undermined industrial revival. The years ahead…

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