Yahoo for Indian manufacturing?

A report in the Economic Times says that among the top five companies in India, four are manufacturing companies. Chk this report here:
http://economictimes.indiatimes.com/Editorials/Indias_manufacturing_story/articleshow/3173702.cms

On the face value this is a time to say "Cheers" to the Indian manufacturing industry that has been in the shadows of accomplishments by service companies. History has repeatedly shown that the super powers, whether Romans, Greeks, Russians, Americans or Chinese have been all manufacturing led economies. India with a push in service and software oriented industries was trying to create a different path for global dominance. While creating a different path is not a problem it had imposed a sort of step motherly feeling for manufacturing. The general sentiments also did not favour manufacturing. That India would always be an underdog to China in manufacturing was accepted as fait accompli.

At one level the report surely increases the confidence level of Indian manufacturing. It sort of creates a feel good factor. This feel good factor is not a small thing as it slowly create a wave of positive attitude towarda manufacturing industries. This would mean more people taking up manufacturing as a profession, more investments, more output and so on. It is only on the basis of such positive sentiments that economies develop and take off. There are of course tens of ways to counter the article. The aquistions of Indian firms are still young and cannot be called a success. Manpower is still a huge problem. But overall the article does give a thumbs up for the manufacturing sector.