Scope of Make In India Products In The Global Market
Posted: Wed Feb 12, 2025 3:37 am
The phrase “Make in India” was used to launch a broader economic initiative by the Prime Minister of India, Narendra Modi, on September 25, 2014. It is a comprehensive campaign aimed at promoting domestic manufacturing, attracting foreign direct investment (FDI), fostering innovation, and positioning India as a global manufacturing hub.
Demand of Make in India Products
Export Development and World Position
India’s export industry has expanded significantly in recent years. According to Statista’s reports, the country has successfully exported made-in-India products worth over 36 trillion Indian rupees in 2023.
India has emerged as the 18th largest exporter; it must upgrade its export product finland phone number list mix and cut transportation costs to secure a better position in the league. Diversification of made-in-India products is essential for export earnings, as value-added exports are more beneficial than the export of raw materials.
Make in India – Objectives
Increase annual growth in the manufacturing sector by 12-14 %.
Aim to generate one hundred million industrial employment opportunities by 2022.
Increase the share of the manufacturing sector in the GDP to twenty-five percent in 2022.
Demand of Make in India Products
Export Development and World Position
India’s export industry has expanded significantly in recent years. According to Statista’s reports, the country has successfully exported made-in-India products worth over 36 trillion Indian rupees in 2023.
India has emerged as the 18th largest exporter; it must upgrade its export product finland phone number list mix and cut transportation costs to secure a better position in the league. Diversification of made-in-India products is essential for export earnings, as value-added exports are more beneficial than the export of raw materials.
Make in India – Objectives
Increase annual growth in the manufacturing sector by 12-14 %.
Aim to generate one hundred million industrial employment opportunities by 2022.
Increase the share of the manufacturing sector in the GDP to twenty-five percent in 2022.