The ‘Make in India’ initiative, launched on September 25, 2014, marks a decade of empowering India as a global manufacturing leader. Under the leadership of Prime Minister Narendra Modi, the initiative has transformed the domestic manufacturing landscape, fostering innovation, enhancing skills, and attracting foreign investment.

Key Highlights of 10 Years

1. FDI Inflows: Since 2014, India has drawn $667.4 billion in FDI, a 119% rise compared to the previous decade, with $165.1 billion pouring into manufacturing.
2. PLI Impact: The Production Linked Incentive (PLI) Scheme has attracted ₹1.32 lakh crore ($16 billion) in investments, boosted manufacturing output to ₹10.90 lakh crore ($130 billion), and created over 8.5 lakh jobs.
3. Exports and Employment: Merchandise exports exceeded $437 billion in FY 2023-24, with a 64.4 million workforce in manufacturing, up from 57 million in 2017-18.
4. Ease of Doing Business: India’s rank soared from 142 in 2014 to 63 in 2019, with over 42,000 compliance reductions and 183 decriminalised provisions.

Key Reforms

• Semiconductor Growth: The ₹76,000 crore Semicon India Program supports every segment of the semiconductor ecosystem.
• PM Gatishakti & National Logistics Policy: Transformational steps to reduce logistics costs and improve multimodal infrastructure, enhancing India’s global competitiveness.
• Industrial Corridors & ODOP: The development of 11 industrial corridors and the promotion of Indigenous products through the One-District-One-Product initiative strengthen local economies.

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The Government’s multifaceted approach, including landmark reforms like GST, corporate tax reductions, and the Atmanirbhar Bharat packages, is driving both domestic and foreign investments and making India a premier global manufacturing hub. As India enters its next phase with Make in India 2.0, the focus will shift to sustainability, innovation, and self-reliance.

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