Part 4/9:
Despite some growth figures in exports, they paint an incomplete picture. While exports have indeed increased, this has done little to ameliorate the trade deficit, which is projected to soar from $32.4 billion in 2014 to $54.5 billion by 2024. The notion that India would blossom into a global export powerhouse stands revealed as overstated, highlighting the lack of robust manufacturing capabilities needed to thrive on the international stage.