Onerous regulations, bureaucracy and poor infrastructure have made it difficult for large manufacturers to prosper in low cost mass manufacturing in India. And just as the south Asian nation starts to benefit from the so-called demographic dividend, manufacturers are shifting towards less labour-intensive manufacturing techniques. The FT's James Crabtree visits JCB and Bharat Forge in the manufacturing hub of Pune to find out more.
FIlmed and produced by Avantika Chilkoti, edited by Tom Griggs. Additional footage from Reuters.