The apparel industry, which includes ready-made garments such as shirts, trousers, dresses, jackets and other clothing, is one of the world’s largest sources of employment and international trade. It is especially important for developing countries because it creates millions of jobs, requires relatively low investment to start manufacturing, and provides opportunities for women and small businesses. Illustration by The Geostrata As global demand for clothing continues to gro

In contrast to most economies that industrialised, which moved from agriculture to manufacturing, then to services, becoming the dominant part of output, India has taken on the middle, manufacturing-intensive, stage of development. Services today account for 50-55 percent of GDP (the Economic Survey 2025-26 puts the share of services in GDP in H1 FY26 at 53.6 percent of the gross value added), but manufacturing has stubbornly remained at 15-17 percent of GDP for three decades

India produces some of the world’s most talented and capable engineers. Its universities file patents at a pace that would make most countries envious. IIT Madras alone generated more than one patent a day in the year ending March 2025. India is home to over 100 unicorns and ranks as the world's largest startup ecosystem. Some of the most successful technology companies in the world are run by Indian origin engineers. And yet somewhere along the way India lags behind. Illust

India is pursuing two policy objectives that are at odds with each other. The first is the construction of deep, subsidised, protected domestic manufacturing capacity. This has been extensively expressed through the PLI (Productivity-linked scheme) across 14 sectors and quality control orders on steel, aluminium, chemicals, and electronics. Along with this, high tariffs to protect sectors till they are competitive, in addition to the strong push for self-reliance demonstrated

Micro, Small, and Medium Enterprises (MSMEs) constitute over 95% of formal enterprises in both ASEAN Member States and India, serving as a critical engine for employment, innovation, and inclusive economic growth. Despite their significance, MSMEs continue to face deeply rooted structural constraints ranging from financing gaps and limited technological capacity to regulatory fragmentation and exclusion from regional value chains. Illustration by The Geostrata The COVID-19 pa

Investment is a small but highly volatile component of a nation’s gross domestic product. As domestic belief in the future of a country’s growth feeds more into investments than corporate necessity, most fluctuations in terms of investment, particularly business fixed investment, or private capital expenditure, can be traced back to demand-side catalysts. Illustration by The Geostrata THE THEORETICAL FOUNDATIONS Investment is not merely an autonomous activity, but is under

With the advancement of technology, the global retail sector has undergone a profound shift in the last two decades, defined by the rise of e-commerce. Once seen as a rival threatening the survival of retail businesses, e-commerce has now become a catalyst for transformation. On the one hand, e-commerce has changed consumer behaviour by making it more convenient. Illustration by The Geostrata On the other hand, it has compelled retailers to restructure their strategies to sus

Under the multifaceted networks of economic safety, cross-connections that exceed traditional supply-chain models can be found in complex geotechnical, technological, and financial networks that redesign the business at a distant level. Illustration by The Geostrata Mapping these constellations of conflict and the relative permanence of ProKin, researchers shed light on the interdependence and dependence of risk and opportunity inherent in interlinkages of semiconductor sup

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