“India’s Manufacturing Revival: A Decade of FDI Growth Under ‘Make in India'”(2014-2025)
Ms. Diksha Bakshi
Assistant Professor
P.G. Department of Commerce & Management
PCM SD College For Women, Jalandhar
Contact no.: 8360166155
bakshid25@gmail.com
ABSTRACT
Prime Minister Narendra Modi launched the “Make in India” initiative on September 25, 2014, with the aim of encouraging global and domestic companies to invest in and manufacture products within India. As the campaign marks its tenth anniversary in 2024, it has significantly reshaped the country’s economic landscape—most notably by propelling cumulative Foreign Direct Investment (FDI) inflows beyond the $1 trillion mark. Over the 2014–2024 period, FDI inflows have surged by 119% compared to the preceding decade, underscoring the initiative’s success. By promoting structured evaluation and policy support, “Make in India” has positioned the country as a competitive global manufacturing leader. A major catalyst in this transformation has been the introduction of Production Linked Incentive (PLI) schemes, which have emerged as pivotal drivers in attracting investment and boosting industrial output.
Keywords:
Make in India, Foreign Direct Investment (FDI), Production Linked Incentive (PLI) Schemes, Manufacturing Sector, Economic Growth, Industrial Policy, Investment Promotion
DOI link – https://doi.org/10.69758/GIMRJ/2506S01V13P007
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