12 Years of Make in India:
The Government of India’s flagship ‘Make in India’ initiative completed exactly 12 years since its launch. While official government data highlights massive production gains in sectors like electronics and defence, economic analysts and recent reports point to a “patchy performance” regarding the broader manufacturing share of the economy, private investment, and job creation. Make in India has significantly expanded India’s manufacturing base, especially in electronics, mobile phones, defence, automobiles, steel and pharmaceuticals, while strengthening exports and global value-chain integration.
However, challenges remain in manufacturing’s GVA share, private investment, employment, domestic value addition and R&D; strengthening component localisation, logistics, innovation and MSMEs is essential for sustained manufacturing growth.
‘Make in India’ Initiative:
- It was launched on 25th September 2014, with the ambition of transforming India into a global hub for manufacturing, design, and innovation.
- The initiative is guided by the principle of ‘Minimum Government, Maximum Governance’ to facilitate investment, foster innovation, and build world-class infrastructure.
- Evolution (Make in India 2.0): Launched in February 2021, the initiative was subsequently expanded under Make in India 2.0.
- It now focuses on a broader and deeper sectoral coverage of 27 priority sectors, which include 15 in manufacturing and 12 in services.
