Is Make In India Failing? | Case study



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Case Studies mentioned in Video:
https://www.youtube.com/watch?v=bQMG4fJZiAk&pp=ygUbc2hhc2hpIHRoYXJvb3IgdGhpbmsgc2Nob29s
https://www.youtube.com/watch?v=uKO8tk3_itQ&t=1748s&pp=ygUTbmlybWFsYXRoaW5rIHNjaG9vbA%3D%3D
https://www.youtube.com/watch?v=ba9TJFBdFQ8&t=1172s&pp=ygUaTml0aW4gR2Fka2FyaSBUaGluayBzY2hvb2w%3D
https://www.youtube.com/watch?v=T1PLEPTbXc4&t=606s&pp=ygURU29sYXJUaGluayBzY2hvb2w%3D

VIDEO INTRODUCTION:
Make in India was one of the most ambitious initiatives of the BJP, and it’s been 10 years since Make in India was launched! Back then it was bragged as the policy that would change the face of India and turn us into a manufacturing powerhouse.
But did it really happen?
In the last decade India’s manufacturing has increased by 5.5%. And, today, India is manufacturing everything from smartphones to solar panels, semiconductor chips to electric vehicles, you name it, we make it in India!!!
So it all looks great right???
But What if I told you that make in India is a failure???
Sounds unbelievable right??
Well, unfortunately, it is true to a large extent!! Look at this,
Make in India was started with 4 important objectives
We wanted to decrease our dependence on imports but if you see the numbers, so have our imports decreased no!!
If we see imports as a % of GDP, in 2013-14, it was 25.95% but by 2023 it was 23. 96%,it has slightly decreased! And through manufacturing the govt of India in 2014, set a target to achieve a manufacturing growth rate of 12-14%!! But if you see this table, we are far from achieving this target. Only in 2015 we were able to achieve this kind of growth rate and in 2019, it was negative 2.9%!!
And if we see the last 10 years, that is ten years into this initiative, manufacturing growth has in fact slowed to 5.5%, and its GDP share remains stagnant at 15-17% which is again far from the govt target of 25%!!
Secondly, we wanted to increase our exports,but did it increase? Yes, look at this, our exports have grown almost twice!! India’s exports in 2014 stood at $317.545 billion,but as of 2023 it stood at $776.68 billion. But the catch over here is that, the objective of make in India was not just to increase exports, it was to increase exports as compared to our Imports but did it increase? No. Look at this, as of 2014, India spent 32.4 billion dollars more on imports and other outward payments than it’s earning from exports and inward investments but by 2024 this number stood at 54.5 billion dollars!!
Thirdly, through Make in India, we wanted companies around the world to invest billions of dollars with foreign direct investment and FDI was supposed to shoot up, did it? Look at this chart,
While the gross investment by foreign companies has shot up from 46 to 71 billion dollars, at the same time, gross disinvestment has increased from 13.6 billion to 44.4 billion dollars!! So in short, more money is going out of India than it coming to India!!
And lastly, while we aimed to employ 100 million jobs in manufacturing, we have employed only 18.4 million people!!
So as responsible citizens, the right question to ask is not whether BJP has succeeded or not, but Why is India not succeeding?? And somehow this is something that mainstream media never throws light on!! Whereas the left only keep blaming without understanding the reasoning!! To prepared a complete case study on
Why is make in India failing?
What are the biggest underlying governance issues that are failing our manufacturing dream??
How is it causing us 1000s of crores in losses?
And most importantly, what are the solutions that we need to work to make India succeed??

Our Best Indian Business Case Studies:
1. Asian paints – https://youtu.be/jGT6ob8hV6M
2. Amul – https://youtu.be/nnwqtZiYMxQ
3. Haldiram – https://youtu.be/Z7P-t_yc8gE
4. Lijjat Papad – https://youtu.be/EdpoEmifW7M

✅Study Materials:
https://scroll.in/article/1073404/ten-years-on-make-in-india-is-a-qualified-failure#:~:text=To%20cut%20to%20the%20chase,substantially%20increase%20investment%20in%20manufacturing.
https://www.thehindu.com/opinion/op-ed/why-make-in-india-has-failed/article30601269.ece
https://www.cesifo.org/DocDL/CESifo-Forum-2022-4-nam-make-in-india-july.pdf

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34 thoughts on “Is Make In India Failing? | Case study”

  1. Why no one is talking about the resources that would be consumed while making India a manufacturing hub or even all the development projects to get completed. Do we have a sustainable source of energy other than coal we have found ? What's the impact on the environment when we are planning to produce so much energy only through electricity.
    Money will be made by the rich people but the poor will suffer the consequences. Rich people will move out of the country once India's air is unbreathable but the common man will suffer. Does anyone talk about AQI (Air quality index) india tops with 7-8 cities of the global list.. what about that? Employment on the other hand, companies are washing their hands off saying that there is no skilled employable manpower but it never was , everyone has to learn the skill for application and that will come only through on job training. Whose pockets are getting filled… Rich people.

    Reply
  2. Well the thing is even after having so “strict” or “scrutinized” regulations, which takes too much time to get cleared or approved still doesn’t prevent any mishaps or accidents or failures, be it infrastructure projects of railways, roadways or anything, or even food and drug industry, or just any field, does these so called regulations r just only ways to favor few of the powerful institutions or individuals or just to get and enjoy benefits between the parties, or is it really for the public concerns to ensure safety and quality 🤷🏻💁🏻

    Reply
  3. BJP ne desh me swarn hindu raaj yani tathaakathit ram rajya ki sthapana karke desh ko barbaadi ki aur dhakel diya hai aur iske alawa crony capitalist RSS ne Bharat ke 80% Population yani obc/sc/st aur minority ko ek baar fir se manusmriti ki enequality, injustice aur infaternitity ke naale me fenk diyaa h

    Reply
  4. Video bohot informative hai please same video Hindi mein upload karo please 🙏
    Jo log berojgari pe ulta pulta bhasan dete hai unko bhi accha lagaga reality janke
    Please hindi mein upload karo abhi jitne views hai usse double honge

    Reply
  5. Didn't like the headline… You have completely missed deducting oil imports out of total imports… Also in the final 5 points of needs to be done you have completely smartly not touched CORRUPTION as the most important trigger which is now a cancer for India for all the failures … Happy to hear your answers

    Reply
  6. The "…..great leaders like Shashi Tharoor, Nirmala MAM, Gadkari SIR….."@7:28 timestamp.

    smirk from a sanghi.

    "Mahatma Gandhi vs Modi-G"
    "Rahul vs ModiG and Gadkari Sir"

    Think School will shit in his pants if he dares call Nostrila without a MaM, Gadkari with a Sir, Modi without a G. Shakha mein dande padenge

    Reply
  7. 17:11 Manufacturing can be bought later, why stop companies from coming ? They will be paying taxes and generating JOBS !!!!
    Modi has doomed India so bad, donno how many companies failed to come to India just because of this !

    Reply
  8. Showing one side of story doesn't auger well for any podcaster. You should know the root causes of why environmental clearances and land acquisition are a bottleneck in growth and development. If you dig deep into it, you will make corrections in communication.

    Reply
  9. BJP ne desh me swarn hindu raaj yani tathaakathit ram rajya ki sthapana karke desh ko barbaadi ki aur dhakel diya hai aur iske alawa crony capitalist RSS ne Bharat ke 80% Population yani obc/sc/st aur minority ko ek baar fir se manusmriti ki enequality, injustice aur infaternitity ke naale me fenk diyaa h

    Reply
  10. This podcast is 90% incorrect. It shows ignorance of the podcaster and not enough understanding of how economics work and country that is messed up until 2014 and lost opportunities in 1960 and 1970 with single windo system was not able to grab that golden opportunity. In current marketing trends it takes another 25 years to catch up with China. This guy comparing with other countries is completely biased, unrealistic and no technical basis. A strong leader like Modi with a business vision in next 10 years will make india on global production scale. I am very confident on it.

    Reply
  11. After seeing this podcast and some of them recently, I see this guy is just giving too much business gyan who don’t understand the complex world economy and business work. These days people who can talk continuously makes more noise just by pretending they are good at understanding business. I want to know how much business this person is doing in a year, challenges he is solving, employment he is providing and uplifting backward communities as business person. I believe he is not even in a zone where our great industrialists are solving challenges a country like is facing. These guys don’t even think how big a country like india is facing, at same time unlimited opportunities. So unfortunate to see such poor quality podcasts without proper research and just doing meow meow through out the video 😂🤪

    Reply
  12. India should only concentrate on services sector and just should import everything as India does not high productivity among its workers due to very low wages offered to them and we are also assembling country where we assembled products not manufacture raw material to build those products and our government is giving useless subsidies such as pli which is disastrous for our country

    Reply
  13. imports are not bad for any country in fact its suggest that we are growing consumption based economy so it will lead to lower cost of goods for our Indian consumers that does not mean we should not pay attention to our exports it also requires same amount of focus and importance

    Reply

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