MAKE IN INDIA: A BLOCKBUSTER OR

A FLOP
Soon after the Modi government came in power in 2014, it launched “Make In India” mission
with a vision to increase domestic manufacturing ,which at that time had a share of 15.06
percent in the country’s GDP with a target to bring that to 25 percent of the total Gross
Domestic Product and to create 100 million additional jobs by
2022 in manufacturing sector only . It was one of the most
ambitious and visionary projects of the Modi government and the
marketing and the hype both were in consonance with the
extraordinary vision this scheme carried, the NDA Government
left no stone unturned to promote make in India both on national
and international level but what went missing was the more
important thing i.e. proper planning and execution.

If we talk about the world, manufacturing sector is

contributing about 30 percent of the total world GDP and countries like China and Japan are the
one dominating In this prospect , But the same is not the case with India, we are still far behind
them in manufacturing our GDP relies too much on the service sector and as we know the size
of Indian population and the degree of unemployment here, the only escape gate to that is to
revive the manufacturing sector and put some life in it so the intent of the government should
be appreciated ,but the secret sauce is that it has not even got close to the targets it set up.
Unemployment is at all time high and the economy has also hit the rough patch.

The story is not over yet the campaign has achieved a lots of
what was otherwise a dream for a service sector dominated country like India , mobile phone
manufacturing has received a huge boost because of Make In India, from just two mobile phone
manufacturing units in 2014 to 268 mobile handset
and accessories manufacturing units in 2019, isn’t it a
tremendous growth , about 95 percent of mobile
phones being sold in country are being manufactured in India only. The indigenous defense
industry has also gained a lot from this initiative, make in India has helped save Rs 1 lakh crore
worth of foreign exchange in defense sector only and that too in one or two orders.

The ease of doing ranking has also improved

due to the developments done for Make in India, India has jumped from 142th place in 2014 to
72 in the year 2019. Isn’t it a significant improvement? The Foreign Direct Investment has
increased from $45 Billion in 2014-2015 to $61 Billion in 2017-2018.

The target of this initiative was set for the year 2022 , we are somewhat near to it , and there
have been significant improvements in some sectors and to some sectors the scheme has been
like any other failed scheme, maybe government should just escalate the efforts and try hard
and more hard for manufacturing sector to help come out of the ICU and to join in the force to
make India a global manufacturing hub, there are no advancements without the setbacks,
government needs to learn from the flaws and irregularities in planning and implementation of
the past schemes and should focus on not repeating the same in future..

(BY KUNAL LUTHRA)

MBA 2.0 (GENERAL)

ROLL NO 307