Dr. Jayaprakash Narayan discusses the critical role of the manufacturing sector in India’s economic growth and employment generation. He emphasizes that despite robust growth in services, manufacturing’s stagnant share at 6.3% of GDP is a concern for job creation and wealth production. Narayan advocates for strategic reforms to boost manufacturing, including improving indirect tax administration, leveraging opportunities in sectors like textiles and leather, enhancing credit support for SMEs, and facilitating swift business closures to maintain competitiveness and protect workers.