Published Online:June 2025
Product Name:The IUP Journal of Entrepreneurship Development
Product Type:Article
Product Code:IJED020625
DOI:0.71329/IUPJED/2025.22.2.28-45
Author Name:Karri Srinivasu and M Prathyusha
Availability:YES
Subject/Domain:Management
Download Format:PDF
Pages:28-45
The paper critically examines the Make in India (MII) initiative launched in 2014 as a flagship policy to transform India into a global manufacturing hub. Through analysis of sectoral performance, foreign direct investment trends, employment generation, and structural challenges, this review evaluates the policy’s impact on the Indian economy over the past decade. While MII has achieved notable success in specific sectors such as electronics manufacturing and defense production, it has fallen short of its ambitious targets in terms of manufacturing gross domestic product (GDP) contribution and employment generation. The paper argues that the policy’s implementation has been hampered by infrastructural deficiencies, regulatory inconsistencies, and skill gaps, despite creating important institutional frameworks for industrial development. The review concludes with policy recommendations to enhance the effectiveness of manufacturing-led growth strategies in India’s evolving economic landscape
The Make in India (MII) initiative, launched by Prime Minister Narendra Modi in September 2014, represented an ambitious attempt to revitalize India’s manufacturing sector and position the country as a global manufacturing powerhouse. The policy aimed to increase the manufacturing sector’s contribution to gross domestic product (GDP) from 16% to 25% by 2025 and create 100 million additional jobs (DPIIT, 2014). Designed as a comprehensive strategy spanning 25 sectors of the economy, MII sought to facilitate investment, foster innovation, enhance skill development, protect intellectual property, and build manufacturing infrastructure (Make in India, 2014).