Analysis of Make in India Policy

Abstract

The "Make in India" initiative was launched by the Indian government in 2014, aimed at establishing India as a global manufacturing hub through an increase in the output of manufacturing and the creation of employment. This paper examines the new Industrial Decline and its effect on the industrial growth and export performance of the country. For the first time using statistical methods including correlation and regression analysis, the research identifies a strong connection between FDI exporting industry growth and manufacturing sector. While the initiative has led to a rise in investment and industrial expansion there have been several obstacles such as inadequate infrastructure regulatory challenges and external economic uncertainties which have slowed its progress. This study concludes that sustained growth in manufacturing requires improvements in infrastructure, simplification of business regulations and greater investment in innovation and technology. Based on this study, the paper also proposes recommendations to enhance FDI policies, the support granted to domestic industries and ensure a competitive manufacturing environment in India.