India has just crossed a historic milestone. We are officially the 5th largest manufacturing power in the world, overtaking industrial giants like the UK, France, Italy, and South Korea. With a manufacturing output of $781 Billion, India has entered the global super league.

印度刚刚跨越了一个历史性的里程碑。我们正式成为世界第五大制造业强国，超越了英国、法国、意大利和韩国等工业巨头。印度制造业产值达7810亿美元，跻身全球超级强国之列。

But headlines don’t tell the full story. In this episode of Front Page, we expose the "dirty secret" of global manufacturing: Output is NOT Ownership. While we are producing millions of phones and cars, a painful 60-70% of the value—the profit, the IP, and the margins—still flies back to foreign countries. We are hosting the feast, but are we just washing the dishes?

但新闻标题并不能反映全部真相。在本期《头版》节目中，我们将揭露全球制造业的“肮脏秘密”：产量并不等于所有权。尽管我们生产了数百万部手机和汽车，但令人痛心的是，其中60%到70%的价值——利润、知识产权和利润率——仍然流回了国外。我们举办了盛宴，但我们是否只是在洗碗？

In this video, we analyze: 
The Ranking: How India climbed to #5. 
The Reality Check: Comparing India’s $781B against China’s massive $4.9T output. 
The Value Trap: Why "Made in India" often means "Assembled in India" (and why that needs to change). 
The Solution: How we move from buying machines to building them.

本视频将分析：
排名：印度如何攀升至第5位。
现实检验：印度的 7810 亿美元与中国高达 4.9 万亿美元的产量相比如何？
价值陷阱：为什么“印度制造”通常意味着“印度组装”（以及为什么需要改变这种情况）。
解决方案：我们如何从购买机器转变为自行制造机器。