This ambitious initiative has made significant progress in transforming India into a global manufacturing hub. It has attracted billions of dollars in foreign investment and created millions of new jobs.
Here are some of the key achievements of Make in India:
* FDI inflows have doubled since the launch of the initiative.
* India's manufacturing sector has grown at an average rate of 7% per year.
* The share of manufacturing in India's GDP has increased from 16% to 18%.
* Over 100 million new jobs have been created in the manufacturing sector.
Make in India has also helped to reduce India's import dependence and boost its exports. For example, India has become a net exporter of mobile phones in recent years.
The success of Make in India is a testament to the hard work and dedication of the Indian people. It is also a sign of India's growing economic clout on the global stage.
As we celebrate the 9th anniversary of Make in India, let us recommit ourselves to working together to make India a manufacturing superpower.
**Celebrating 9 years of 'Make in India'! 🇮🇳**
Make in India is a flagship initiative of the Government of India, launched in 2014 to make India a global manufacturing hub. The initiative focuses on attracting foreign investment, promoting innovation, and improving ease of doing business.
Over the past nine years, Make in India has made significant progress. India has become one of the fastest-growing manufacturing economies in the world, and FDI inflows have increased significantly. The initiative has also helped to create millions of jobs and boost exports.
Here are some of the key achievements of Make in India in the past nine years:
* India has become the world's third-largest manufacturer of automobiles.
* India is now the world's second-largest producer of mobile phones.
* India is the world's largest producer of pharmaceuticals by volume.
* India is the world's fifth-largest producer of electricity.
* India is the world's sixth-largest manufacturer of steel.
Make in India has also helped to boost innovation in India. The number of Indian startups has increased significantly in recent years, and many of these startups are developing innovative products and services in the manufacturing sector.
The Government of India has taken a number of steps to support Make in India, including:
* Launching the Production Linked Incentive (PLI) scheme to provide incentives to domestic manufacturers in key sectors.
* Simplifying the regulatory environment and improving ease of doing business.
* Investing in infrastructure and skill development.
Make in India has played a major role in transforming India into a manufacturing powerhouse. The initiative has helped to create jobs, boost exports, and promote innovation. As India celebrates nine years of Make in India, it is important to recognize the progress that has been made and to continue to support the initiative.
**Happy 9th Anniversary, Make in India!**
**Celebrating 9 years of 'Make in India'! 🇮🇳**
Make in India is a flagship program launched by the Government of India in 2014 to promote manufacturing in the country. The program aims to transform India into a global manufacturing hub by making it easier for businesses to do business in the country.
Over the past nine years, the Make in India program has made significant progress. India's manufacturing sector has grown at an average rate of 7.5% per annum since 2014-15, which is higher than the overall GDP growth rate of the country. India's share of global manufacturing exports has also increased from 1.6% in 2014-15 to 2.1% in 2022-23.
The Make in India program has attracted significant foreign direct investment (FDI) into the manufacturing sector. FDI inflows into India's manufacturing sector have increased from USD 14.6 billion in 2014-15 to USD 25.2 billion in 2022-23.
The Make in India program has also created millions of new jobs in the manufacturing sector. Over the past nine years, the manufacturing sector has created an average of 10 million new jobs per annum.
The Make in India program has made India a more attractive destination for global manufacturers. Many leading global companies, such as Apple, Samsung, and Foxconn, have set up manufacturing units in India in recent years.
The Make in India program has also helped to reduce India's dependence on imports. India is now producing a wide range of products domestically, including automobiles, electronics, and pharmaceuticals.
The Make in India program has played a key role in India's economic growth and development over the past nine years. The program has helped to create jobs, attract FDI, and boost manufacturing output. The Make in India program has also helped to make India a more competitive manufacturing destination.
**Here are some of the key achievements of the Make in India program over the past nine years:**
* India's manufacturing sector has grown at an average rate of 7.5% per annum since 2014-15, which is higher than the overall GDP growth rate of the country.
* India's share of global manufacturing exports has increased from 1.6% in 2014-15 to 2.1% in 2022-23.
* FDI inflows into India's manufacturing sector have increased from USD 14.6 billion in 2014-15 to USD 25.2 billion in 2022-23.
* The manufacturing sector has created an average of 10 million new jobs per annum over the past nine years.
* Many leading global companies have set up manufacturing units in India in recent years.
* India is now producing a wide range of products domestically, including automobiles, electronics, and pharmaceuticals.
The Make in India program has made a significant contribution to India's economic growth and development over the past nine years. The program is expected to continue to play a key role in India's economic transformation in the years to come.
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