Which of the following statements best describes the concept of "Midgets making widgets" in Indian manufacturing?
1
Indian businesses focus on producing small, handcrafted goods instead of large-scale industrial production.
2
Indian firms are increasingly setting up multiple small factories within the same state, rather than expanding a single large facility.
3
Indian companies rely heavily on contract workers, reducing the need for large, permanent workforces.
4
Indian businesses are scaling down operations to focus on niche, high-end manufacturing to compete globally.