It is one of the core arguments of my forthcoming book, The Courageous State, ( due out in September if I finish writing itin time) that if markets are to work properly then they mustbebuilt on the foundation of strong government that is willing to issue firm regulation that it is willing to enforce.
The manifesto says Indian industry must essentially bebuilt by Indians, and foreign investment can be only a modest supplement (though it has an important role in some areas, such as infrastructure).