Policymakers, beware: "Make in India" increasingly means "Made in China" | White paper | Hinrich Foundation
In 2014, Modi launched the "Make in India" initiative with the ambitious aim to transform India into a global manufacturing hub. The government envisioned that targeted industrial policies, along with streamlined regulations and reduced red tape, would create a conducive environment for investment. New Delhi set the goal of raising manufacturing’s share in India’s GDP from 15% in 2014 to 25% by 2025. In his second term, Modi’s administration identified 14 key sectors and introduced sector-specif...
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