Entirely possible India hits a lean phase and stays stuck where it is. Truth be told, everything from infrastructure to basic law and order are far behind even a “middle income trap” country like Thailand. Too early to pat ourselves on the back.

And recent focus on manufacturing. New govt is heavily pushing local manufacturing(atmanirbhar bharat) for last 8 years. Progress is already being felt in some areas, for example in smartphone manufacturing India went from nothing to #2 in world in those years. They are now targeting more phone phone supply chains like pcb, modems etc. and other consumer electronics too.

https://tech.hindustantimes.com/tech/news/india-now-2nd-larg...