The Make in India initiative, launched on September 25, 2014, has marked a transformative decade in India's economic and manufacturing landscape. Here's a year-by-year overview of its progress:

The Make in India initiative, launched on September 25, 2014, has marked a transformative decade in India's economic and manufacturing landscape. Here's a year-by-year overview of its progress:

2014-2016: The Initial Push

Launch: Make in India was launched with the goal of turning India into a global manufacturing hub and reducing import dependency.

FDI Surge: By 2016, foreign direct investment (FDI) saw a 46% growth, with key investments flowing into sectors like automobiles, electronics, and renewable energy.

Key Reforms: Simplified regulations and the improvement of the ease of doing business attracted foreign companies to set up operations in India.

2017-2019: Growth in Manufacturing

Electronics Boom: One of the flagship successes was in mobile phone manufacturing. From nearly ₹48,609 crore in imports in 2014, domestic production began increasing significantly, particularly in electronics and telecommunications sectors.

FDI Growth: Cumulative FDI inflows from 2014 to 2019 increased by 79%, with major contributions from the infrastructure, auto, and electronics industries.

2020-2021: Pandemic Recovery and Resilience

Focus on Self-Reliance: Amid the COVID-19 pandemic, the Aatmanirbhar Bharat (Self-Reliant India) campaign furthered the goals of Make in India, encouraging local production across sectors like pharmaceuticals, healthcare equipment, and technology.

Mobile Manufacturing: By 2021, India became the second-largest manufacturer of mobile phones globally, thanks to government policies pushing for localization.

2022-2024: Record Growth and Expansion

Mobile Imports Drop: In 2023, mobile phone imports fell drastically to ₹7,665 crore, an 85% reduction from 2014 levels, indicating success in domestic manufacturing.

Job Creation: Between 2022 and 2024, there was a 200% increase in manufacturing jobs, particularly in electronics and heavy industries, helping India solidify its position as a global manufacturing hub.

FDI Milestones: FDI inflows increased by 119% since the initiative’s launch, with sectors like electronics, steel, and textiles being major contributors to job creation and export growth.

Make in India has positioned India as a global player in manufacturing, creating millions of jobs and attracting significant foreign investment, particularly in technology-driven sectors like semiconductors and electronics. This initiative has reshaped India's economic landscape, aiming to reduce dependence on imports and bolster local production.