Is ‘Make in India' a Saga?

Sarbapriya Ray

World Economics, 2023, vol. 24, issue 4, 77-102

Abstract: The ‘Make in India' drive aims to boost domestic manufacturing and reduce import dependence, attracting global investors and producers to India's potential and ecosystem. The manufacturing sector in India has shown weak growth in value added and employment, lagging behind the service sector, due to capital-intensive and labour-saving technologies. India ranks low in several indexing parameters, indicating a lack of strategic effort by the government to improve the manufacturing environment and competitiveness. For ‘Make in India' to be successful, India needs to create a global workforce, use natural resources optimally, build world-class infrastructure, offer tax incentives and reduce reliance on China.

Date: 2023
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