The Headwinds for #MakeinIndia
The showcase initiative of the Modi Government, #MakeInIndia has entered its third year. The goal for #MakeInIndia was to transform India into a global design and manufacturing hub, improve contribution of Indian manufacturing to 25% of GDP by 2025 from near stagnant levels of 16% and create 100 million manufacturing jobs. The intense global outreach by the Government, handsome schemes and incentives offered persuaded several global companies including Foxconn, Airbus and Hyundai pledge to set-up manufacturing base in India. But that was pre-Trump!
