Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | 'Make in India' has not eased manufacturing woes -Sneha Alexander

'Make in India' has not eased manufacturing woes -Sneha Alexander

Share this article Share this article
published Published on Feb 22, 2019   modified Modified on Feb 22, 2019
-Livemint.com

* Despite its ambitious targets, NDA’s ‘Make in India’ has failed to improve investment, employment, and exports in India’s manufacturing sector

* One area where this government has fared relatively better has been in attracting foreign direct investment (FDI) to the country

MUMBAI: When the Bharatiya Janata Party (BJP) swept into power in 2014, one of its first acts was to launch the ‘Make in India’ initiative with the ambitious vow of converting India into a global manufacturing hub. Specifically, the government set targets to increase growth in the manufacturing sector to 12-14% per annum, pull up the share of manufacturing in gross domestic product (GDP) to 25% by 2022 (from 16%) and create 100 million jobs in manufacturing.

Five years on and these targets seem like distant dreams. In the first of a Mint Report Card series analysing the current government’s performance on flagship schemes and initiatives, we examined data on investment, industrial output and manufacturing exports to find that Make in India has done little to deliver on its intended promises.

A central focus of Make in India has been to attract more investment. Yet, data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE) shows that growth in new investment projects has plunged since 2015. The overall value of investment in National Democratic Alliance -II (NDA-II) has been less than both United Progressive Alliance-I (UPA-I) and UPA-II. As a share of investments, manufacturing investments have the same share as they did earlier at less than a third of overall investments.

Data on industrial growth from the Annual Survey of Industries (ASI) shows that there has been a deceleration in industrial growth in the first half of the NDA-II regime (from 2014-15 till 2016-17). In this period, industrial job growth has been anaemic and wage growth has been falling, ASI data shows.

Please click here to read more.

Livemint.com, 18 February, 2019, https://www.livemint.com/industry/manufacturing/-make-in-india-has-not-eased-manufacturing-woes-1550415878174.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close