Remember Make in India? On 13 Feb 2016, Prime Minister Narendra Modi declared: “we want the share of manufacturing in our GDP to go up to 25% in the near future.” The programme's stated goal was to hit this target by 2022 and to generate 100 million manufacturing jobs in India. So where do we …
A look at "Make in India", published as an oped in the Hindustan Times: How does one judge Make in India? Recent news that foreign direct investment (FDI) flowing to defence in 2016-17 was an absurd trickle of ₹61,000 (or perhaps $61,000, the Ministry of Defence didn’t specify) seems to have not caused much of …
The logic behind the government’s Make in India initiative is clear. As Prime Minister Narendra Modi stated in his speech at the launch of “Make in India Week” in Mumbai on 13 Feb 2016: We launched the Make in India campaign to create employment and self-employment opportunities for our youth. We are working aggressively towards making India …
Continue reading The Lion’s Meow: a closer look at Make in India
In a 13 Feb 2016 speech at the recent Make in India jamboree in Mumbai, Prime Minister Narendra Modi took credit for many economic achievements. These included India's climb in various World Bank and UN indices, and all-time records in coal and vehicle production, software exports and cargo handling by ports. The claims were taken from the BJP's …
In his 25 Sep 2014 speech at the launch of Make in India, Prime Minister Narendra Modi described the initiative as a "lion’s step" towards promoting Indian manufacturing and generating millions of jobs. Amitabh Kant, who oversees the programme, stated in a subsequent interview that "Make in India is like a movement reflecting a new mindset of growth in …
Continue reading Ab ki baar, cut-and-paste sarkar: the case of Make in India
With all the flak that that the United Progressive Alliance (UPA) got for its "policy paralysis" and anti-growth policies (apparently both can simultaneously occur), one would hardly have expected a sharp economic revival in its final year in office. However, new and improved government economic data shows that in 2013-14 (i.e. the fiscal year ending …
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