There is a danger when we discuss “Make in India” of assuming it means a focus on manufacturing, an attempt to follow the export-led growth path that China followed. I don’t think such a specific focus is intended.
Also, they have been following the trend in setting up Sovereign Wealth Funds. Unfortunately, these capital flows had made those countries vulnerable to the occurrence of Dutch disease, excessive capital and exchange rate volatility. Today we are meeting for the 5th Meeting of the World E-Money Council. E-money is gradually becoming an important element of the infrastructure of a modern economy.