FDI in “Make in India”

Make in India was launched by the Prime Minister on 25th September 2014, to encourage companies to manufacture their products in India, with an aim to turn the country into a global manufacturing hub. The idea was to project India as a preferred investment target and a global manufacturing focal point. The major objective behind the initiative is to refurbish focus on removing unemployment by job creation, skill advancement, nurturing innovation and sky-scraping eminence standards in the industrialized sector.

This article focuses on the changes in FDI rate after introduction of Make in India and growth due to increase in the FDI rate. In the backdrop of an almost unregulated FDI regime towards which India has made major strides and the various attempts to relate the inflows to programme, this article looks at the magnitude and nature of FDI inflows into India since the MII programme was initiated. An attempt is also made to analyse and evaluate various other aspects pertaining to the performance of FDI in India and understand the dilemma of flows of FDI after the initiation of Make in India launch.