Ans25.) Make in India was initiated as a flagship scheme to promote manufacturing in India in fiscal year 2015. It has several schemes supporting it like PLI, Semiconductor India mission, PM Mitra etc. The target initially was to increase manufacturing share of gdp in India to 25%, create 100 million new jobs in India in manufacturing, promote technology in manufacturing and development of training for workers in manufacturing.
It has been successful in following ways
- Increase in manufacturing of electronics goods, which has increased by 3 times in last 5 years.
- In pharmaceutical ingredients manufacturing the import dependence has gone down by 18% after 2021.
- Increased production of defence products from ₹45000 crore to ₹1.8 lakh crore between 2022-26.
- Value addition in automobile industry has increased by 14% and in white goods by 12%.
- Production of Vandebharat locomotive and rakes on a large scale
- Increase in steel production from 95 million tonnes in 2018 to 146 million tonnes by 2026
- Increase in cement production from 400 Mt to 600 Mt in same time period.
However there are challenges in the program as observed in
- The share of manufacturing has not even reached 17% of gdp by 2026.
- The share of manufacturing in workforce has gone down from 14% in 2016 to 11.7%.
- Labor intensive sectors like textile, footwear, food processing have not seen the desired growth.
- India's dependence on China in import of manufacturing has become higher in last 5 years.
- Training of workforce on large scale has not yet happened
- Restricted share of Indian firms in global value chains.
Thus India will have to rejuvenate its policy of manufacturing by introducing structural reforms like input market reforms, infrastructure development, legal reforms etc. to assure that development is continuous and stable.
July 25, 2026 15.4K 55
