International Journal of Law and Business Studies (IJLBS)

Impact of Make in India Initiative on Manufacturing Sector Competitiveness

Make in India, which was initiated by Government of India in September, 2014 is the strategic move towards industrialization and economic growth in country. Established to change India into a world manufacturing centre, the project was aimed at drawing foreign direct investment (FDI), improving the ease of doing business, fostering innovativeness, and increasing job creation. The paper is a critical analysis of the effects of Make in India initiative on the competitiveness of the Indian manufacturing industry. The study relies on secondary data collected on government reports, international organisations, and policy reviews in order to find out the trends in FDI inflows, industrial growth, employment creation, and innovation in the post-2014 era. It also examines structural challenges which encompass infrastructure constraints, skill mismatches, and global market volatility which remain to be competitive. Results show that though Make in India has helped in enhancing the investment environment and global image of manufacturing sector in India, the projected growth in the sector contribution to the GDP and employment has been average. The paper concludes that future competitiveness will be pegged on more structural reforms, technological innovation, and integrated efforts in the various policy areas to make India more competitive in manufacturing.