'Make in India’ has become ‘Fake in India’: Congress
New Delhi: Congress leader Jairam Ramesh has criticised the Modi government's 'Make in India' initiative, labelling it a series of unfulfilled promises or 'jumlas' and asserting that it has devolved into a 'Fake in India programme.'
During a statement on 14 October, Ramesh claimed that the objectives set during the programme's launch in 2014 have not been met, criticising the government's economic policies for the poor outcomes.
"Prime Minister Modi launched 'Make in India' in 2014 with much hype and fanfare, outlining four key objectives. However, ten years later, the reality tells a different story," Ramesh posted on X.
Ramesh highlighted the following:
Jumla 1: Will increase industrial growth to 12–14 per cent annually.
Reality: Since 2014, India's manufacturing growth rate has averaged only 5.2 per cent.
Jumla 2: Will create 100 million industrial jobs by 2022.
Reality: The number of manufacturing jobs has decreased, falling from 51.3 million in 2017 to 35.65 million in 2022–23.
Jumla 3: Will raise the manufacturing sector’s share in GDP to 25 per cent by 2022 (later extended to 2025).
Reality: The sector's share in India's Gross Added Value (GAV) has dropped from 18.1 per cent in 2011–12 to 14.3 per cent in 2022–23.
Jumla 4: Position India as the "new factory of the world" by overtaking China.
Reality: Instead of reducing dependence on China, India's imports from China have increased, with the share rising from 11 per cent in 2014 to 15 per cent in recent years.
Ramesh further accused the Modi government of fostering economic instability and unpredictability over the past decade, citing demonetisation as a key example. He argued that growth in private investment has been hampered by an atmosphere of fear and uncertainty, with only a few large business conglomerates close to Modi prospering.
"Make in India has simply become Fake in India," Ramesh asserted, claiming that competition has been stifled under the current regime.
In contrast, last month, on the 10th anniversary of the 'Make in India' campaign, PM Modi claimed that the initiative had transformed India into a manufacturing powerhouse, emphasising that it reflects the collective resolve of 140 crore Indians and that "Bharat is unstoppable."
Launched by the Modi regime, Make in India aimed to promote the development, manufacturing, and assembly of products within the country while encouraging investments in the manufacturing sector. The initiative's goal was to foster a favourable investment climate, build modern infrastructure, and open up new sectors to foreign capital.
However, the programme has fallen short of its key objectives. One of its primary targets was to increase the share of manufacturing in India's GDP to 25 per cent by 2022. Instead, the manufacturing sector’s contribution has declined, dropping from 16.7 per cent in 2013–2014 to 15.9 per cent in 2023–24.
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Renukswamy murder: Court dismisses bail plea by Darshan, Pavithra Gowda
Bengaluru: A city court in Bengaluru dismissed the bail application filed by accused actor Darshan in Renukaswamy murder case on Monday.
A judicial bench at 57th City Civil Court (CCH) heard the bail plea submitted by the accused actor and dismissed the application.
Simultaneously, the court also dismissed the bail plea submitted by the accused actress Pavithra Gowda in the case.
