The analysis so far neglects many of the other practical impediments to the rapid development of the Indian economy. Over the last century, rapid development (mainly in Asia) has followed the export driven model. Cheap labour created manufacturing powerhouses, at first producing, labour-intensive and low value added products. As the capital stock accrued, the quality and sophistication of manufactured goods improved. Historically it has been this transition point in the cycle which experienced the sharpest uplift in metals demand.
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