Manufacturing sector itself is getting transformed by automation and 3d printing and other tech. Which actually increase the efficiency of capital infused to more output, which can help improve economy overall, hence the people.

Wherever the manufacturing happens, India should lead that rather than doing it itself.

I am all for democracy, but China has proven that democracy may not be needed for economic growth, it is upto people to choose the path rather than something forced on them. I believe in individual liberty than democracy.