On 10th anniv of Make in India, Modi says exports soared; Kharge hits back

Prime Minister Narendra Modi on Wednesday said exports had soared and economy strengthened during 10 years of ‘Make in India’. Under the initiative, launched on September 25, 2014, several measures were taken to boost manufacturing including production linked incentive (PLI) schemes for 14 sectors.

To achieve the goal government relaxed foreign direct investment (FDI) norms, reduced compliance burden, allowed approvals through single window, and rolled out of the national logistics policy.

Prime Minister Narendra Modi took to X to say ‘Make in India’ has led to a rise in exports in different sectors, building capacities and strengthening economy.

“It’s noteworthy how exports have risen in various sectors, capacities have been built, and thus, the economy has been strengthened. The Government of India is committed to encouraging ‘Make in India’ through all possible ways. India’s strides in reforms will also continue,” Modi said. Commerce Minister Piyush Goyal said these measures, which also include zero tolerance for corruption and the focused effort on emerging sectors like electronics, had helped promote ‘Make In India’ and boost both domestic and foreign investments in the country.

“We have achieved great success and a brilliant future is ahead for manufacturing in the country as the ‘Make in India’ programme is celebrating its 10 years,” he said.

Congress chief Mallikarjun Kharge said ‘Make in India’ had failed. “Contrary to BJP’s high decibel propaganda, India’s manufacturing sector has got de-industralised due to Modi Govt’s flop policy initiatives,” he added. The Congress leader said: “Five stark facts which made India miss the bus on manufacturing are — average growth rate of the sector between 2014-15 and 2023-24 is just 3.1% (BJP-NDA) whereas between 2004-05 and 2013-14, the average growth rate was 7.85% (Congress-UPA); number of employees in factories grew at 6.2% annually during the Congress-UPA regime.”