How has the Make in India initiative transformed the economy in 11 years?
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Synopsis
Discover how the Make in India initiative, now 11 years old, has reshaped India's economic landscape and empowered entrepreneurs. Prime Minister Modi celebrates the initiative's successes, highlighting its role in fostering innovation and job creation. Learn about the key milestones and future ambitions of this transformative program.
Key Takeaways
- The Make in India initiative is 11 years old.
- It has significantly boosted India's entrepreneurial ecosystem.
- The initiative has improved the Ease of Doing Business ranking.
- Production Linked Incentive scheme has driven substantial growth.
- Recent GST reforms have enhanced competitiveness.
New Delhi, Sep 25 (NationPress) As the ‘Make in India’ initiative celebrates its 11th anniversary today, Prime Minister Narendra Modi commended its profound impact on the nation’s economic framework and entrepreneurial environment.
PM Modi highlighted that the initiative has significantly empowered India's entrepreneurs and has had a lasting global influence over the years.
In a post on his social media, PM Modi stated, “Eleven years ago, on this day, the Make in India initiative was initiated with the aim of accelerating India’s growth and harnessing our country’s entrepreneurial capabilities.”
“It is heartening to observe how #11YearsOfMakeInIndia has played a vital role in enhancing economic resilience and establishing a base for Aatmanirbharta. It has fostered innovation and job creation across various sectors,” he added.
The Make in India initiative was inaugurated on September 25, 2014, with a goal to attract investments, develop world-class manufacturing infrastructure, and transform the nation into a manufacturing powerhouse by enhancing its standings in ease of living and skill development.
Since its inception, the initiative has achieved remarkable milestones.
The World Bank’s Ease of Doing Business ranking improved from 142 to 63, while bureaucratic hurdles have significantly lessened over the last decade. This advancement in business freedom has led to the reduction of over 42,000 compliance requirements, with digital systems replacing outdated paperwork.
The Production Linked Incentive (PLI) scheme has produced exceptional outcomes and is propelling substantial growth. The manufacturing sector in India is on track to reach a $1 trillion target by FY26, with the Manufacturing PMI soaring to 59.3 in August 2025, marking the highest level in 17 years.
The recent GST reforms have revitalized the Make in India initiative. Taxes on essential items have been reduced to zero, alongside significant tax cuts on various products, thereby strengthening the country’s competitive edge.
Point of View
It is crucial to recognize its role in enhancing India's global manufacturing capabilities and fostering innovation. The nation stands united in its commitment to furthering this transformative agenda.
NationPress
25/09/2025
Frequently Asked Questions
What is the primary goal of the Make in India initiative?
The main objective is to attract investments, create world-class manufacturing infrastructure, and enhance the nation's manufacturing capabilities.
When was the Make in India initiative launched?
It was launched on September 25, 2014.
How has the Ease of Doing Business ranking changed due to this initiative?
The ranking improved from 142 to 63, reflecting significant reductions in bureaucratic hurdles.
What is the expected growth of the manufacturing sector by FY26?
The manufacturing sector is projected to reach a $1 trillion milestone.
What role do GST reforms play in the Make in India initiative?
Recent GST reforms have improved competitiveness by reducing taxes on essential goods and various products.
