24 September 2025
The Multi-Plant Trap: Rethinking India’s Manufacturing Puzzle
India’s factories look large on paper, but the rise of multi-plants shows fragmentation and the inability to achieve scale is holding back competitiveness
Abhishek Anand is a Visiting Fellow at the Madras Institute of Development Studies. Arvind Subramanian is a Senior Fellow at the Peterson Institute for International Economics. Naveen Joseph Thomas is a Professor at OP Jindal Global University.
SDG 8: Decent Work and Economic Growth | SDG 9: Industry, Innovation and Infrastructure
Ministry of Commerce and Industry MoCI | Ministry of Labour and Employment MoLE


