A strong warning.
For his part, Prime Minister Narendra Modi has made no secret of his desire to drive a manufacturing sector. Under the “Make In India” banner, this has been a flagship policy of his first term in government, with hopes that India could eventually rival China as a mass manufacturer. While Make In India is regularly decried as a failure in newspaper headlines, it is still relatively early days, and the government has been working to remove some of the bureaucratic obstacles, such as approving changes to rules around wages.
At the same time, the government is in defence mode, working to hose down concerns about the growing unemployment problem. Earlier this month, Modi told a magazine that the issue was not about a lack of jobs, but rather a lack of relevant data.