BBA-MBA Integrated (2022-27)

Sem – III
Indian Economy
(2MU102)

Group Assignment
Research Report

Impact and outcomes of "Make in India" campaign

On
(02/10/2023)

Submitted by :-
Section Group No Roll No Name
227114 Aryan Keshrani
227134 Kunthal Shah
A A3 227155 Sahil Mithani
227168 Tarun Jain
227170 Tirth Kavadiya

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Acknowledgement

We are pleased to present our sincere acknowledgement for the

completion of our group assignment on "Impact & Outcomes of Make in
India on manufacturing Sector” This project would not have been possible
without the valuable guidance and support of our professor , and the
collective effort of our group members.

We extend our heartfelt appreciation to Professor Kalki Kumar Soni for

sharing his wealth of knowledge and expertise in the field of Indian
Economy, which has been instrumental in shaping our understanding of
the topic. His invaluable inputs, constructive feedback, and constant
encouragement helped us to stay focused and motivated throughout the
project.
I would also like to thank our friends who have provided us with their
valuable insights and feedback during the course of this project. Their
support has been immensely helpful in enhancing the quality of our work.

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 Table of Content
SR. NO Topic Page No
1 Cover page 1
2 Acknowledgement 2
3 Introduction 4
4 Objective Of Study 4
5 Research Methodology 4
6 Four Pillars of Make in India 5
7 New Processes 5
8 New Infrastructure 6
9 New Sectors 8
10 New Mindset 12
11 Impact of Make in India 13
12 Drawbacks of Make in India 14
13 Conclusion 16
14 References 17
15 Undertaking by Group 18

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Introduction

The "Make in India" policy, launched in September 2014 by the

Indian government, stands as a pivotal initiative aimed at
revolutionizing the country's manufacturing sector. India, which is
known for its vast consumer market and skilled labour work force,
initiated this policy with the primary goal of transforming itself into a
global manufacturing hub. This transformation was considered crucial
for addressing various economic challenges, including unemployment
and fostering economic growth.
(Figure: 1)
(Source: http://www.makeinindia.com/)
The Make in India policy focuses on simplifying regulations, improving infrastructure, and
promoting ease of doing business in the country. It seeks to attract both domestic and foreign
investments by creating a conducive environment for businesses to flourish. By encouraging
innovation, technology adoption, and skill development, the policy aims to boost the
competitiveness of Indian manufacturers on the global stage.

Objective Of Study
• To analyse the impact created by “Make in India” Scheme by Government of India to
manufacturing sector of India.
• To study the outcomes created by “Make in India” Scheme.
• To gain insights about boost in GDP of India due to “Make in India” scheme.

Research Methodology
The report has been prepared by taking insights from news articles, previous research paper on
these topics, and various sites of the Government of India.

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Four Pillars of Make in India
1. New Processes: It emphasizes the need for simplifying and modernizing regulatory
and administrative processes to make it easier to do business in India. The goal is to reduce
bureaucratic hurdles and enhance transparency by working on reducing the rank in Ease of
Doing Index. This encourages both domestic and foreign companies to invest in and establish
their operations in India, ultimately boosting manufacturing.

Ease of Doing Business

The World Bank developed a ranking system called the Ease of Doing Business (EODB) index.
Higher rankings in the EODB index (a lower numerical number) denote better, simpler
business rules and stronger property rights protection. India was placed 63rd out of 190 nations
in the Doing Business 2020: World Bank Report. The Indian government began a series of
regulatory changes in 2014 with the goal of facilitating business operations. The initiative is a
significant contribution to the attempt to improve the business environment. More than 39,000
compliances have been lowered and more than 3,400 legal provisions are now decriminalized
in order to further improve the ease of doing business in the nation. This efforts by government
are creating an impact in India's ranking in the EODB index.

The following parameters are considered for the ranking purpose:

1. Starting a Business
2. Handling Construction Permits
3. Electricity supply
4. Property registration
5. Credit facilities
6. Minority investor protection
7. Taxes paid
8. Trading internationally
9. Contract enforcement
10. Insolvency resolution

Industrial Investment Proposals (2022)

• India received 811 industrial investment proposals in 2022 (up to August).

• Total value: Rs. 352,697 crore (US$ 42.78 billion).

• The overall amount of industrial investment proposals for 2022 increased to US$ 298
billion (Rs. 23.6 lakh crore) from US$ 169.5 billion (Rs. 13.8 lakh crore) in the previous
year.

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2. New Infrastructure: A robust infrastructure is essential for the growth of the
manufacturing sector. This pillar focuses on the importance of developing world-class
infrastructure, including transportation, logistics, energy, and digital connectivity. A well-
developed infrastructure not only facilitates the movement of goods but also attracts investment
and supports industrial expansion. To facilitate the new infrastructure, government is focusing
on the developing industrial corridors, smart cities and high-speed communication.

Intellectual Property Rights(IPRs)

Objectives:
1. Encourage the creation of IPRs.
2. Creating strong IPR laws, which keep balance between right owners and general public
interest.
3. To improve and simplify service-oriented IPR management.
4. Profit from IPRs by commercializing them.
5. To improve the enforcement of laws to give appropriate decisions during IPR
infringements.
6. To increase human resources and institutions for teaching and training in IPRs.

Initiatives to create a strong Intellectual Property Regime :

• Modernized administration: The development of a highly transparent and e-enabled

IP ecosystem to provide legal certainty to the sector.
When we talk about human resources the recruitment of 666 posts for patents and
designs and 367 posts for trademark and GI are underway.
For ease of access, complete shift to electronic processing of Trademarks and Patents
applications took place through new modules. There is an online e-filing facility, good
payment gateway and 10% rebate on online filing.
• Information Distribution and Transparency: A lot of information relating to patents
and trademarks are available on the official website (www.ipindia.gov.in). Real time
status of IP applications is now available to the general public. This has led to more
openness and transparency.
• Fee concession for MSME: The contribution of MSMEs to India’s GDP is 38% and it
contributes 45% of industrial production. A fee concession of 50% is provided to them
to create and seek protection for their discoveries.
• Madrid Protocol: Thanks to this Madrid Protocol, now by filling a single application,
in a single language with one set of fees, users are able to protect their trademarks across
90 countries. 13,666 international applications with India as the designated country
were received at the Trademarks Registry, India, as of June 2015.
• IPR Awareness program: This is one of the most important things because it is very
important to educate the businesses about the benefits of IP and teach people about the
consequences of IPR infringements.

Some Highlights

• The number of patent applications has increased by 13.57% and domestic applications
now account for 44.41%(2021-22) of all applications, up from 41.58% in 2020-21.
• Number of patent grants also increased by 5.94% during the same period.
• Pending patent applications have decreased by 40% during the past 3 years.

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 • In filing of design applications, there is an increase of 59.38% in the year 2020-21.
Disposal of applications increased by 68.68% in 2021-22 compared to previous year.
• Trademark registrations have increased by 301.8% in 2021-22, as compared to 2015-
16
• Start-up applicants are given a 50% fee concession on application filing of trademark.
• In 2021-22, there was an increase of 32.4% in applications of copyright.

Foreign Direct Investment in India

An important non-debt financial resource for India's economic development has been Foreign
Direct Investment (FDI), which is a major driver of economic growth. Foreign businesses
invest in India to take advantage of the nation's unique investment advantages, such as tax
reductions and relatively lower wages. Along with other advantages, this helps India advance
its technological know-how and create jobs. These investments have been streaming into India
as a result of the government's friendly policy environment, thriving business climate, growing
global competitiveness, and economic impact.

FDI regulations have recently been

relaxed in a number of areas,
including PSUs, oil refineries,
communications, and defence,
among other government-
sponsored programs. Between
2021 and 2022. India received
unprecedented amounts of FDI
between 2021 and 2022.

Inflows of FDI were US$ 46.03

billion during the current fiscal
year. The three industries that
received the most FDI in FY22
were information and technology,
communications, and automobiles.
Multinational corporations
(MNCs) have explored strategic
partnerships with leading local
business groupings with the aid of
substantial deals in the technology
and health sectors, driving an
(Figure: 2)
(Source: https://www.ibef.org/economy/foreign-direct-investment)

increase in cross-border M&A of 83% to US$ 27 billion. In 2022, India becomes a major
recipient of FDI and earns the third-highest level of foreign investment. Over the course of the
last nine years (April 2014–March 2023), FDI inflows totalled US$ 596.07 billion. More than
101 nations, who invested in 31 UTs, States, and 57 sectors throughout the nation, contributed
this FDI.

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FDI Growth

• India's FDI inflows surged 20 times from 2000-01 to 2021-22.

• DPIIT estimates total FDI inflow of US$ 919.633 billion from April 2000 to March
2023.

Recent FDI Inflows (Jan-Mar 2023)

• Total FDI: $15.49 billion.

• Services sector received the highest FDI equity inflow at 16% ($102.85 billion).
• Computer software and hardware sector: 15% ($94.91 billion).
• Trading sector: 6% ($39.53 billion).
• Telecommunications: 6% ($39.04 billion).
• Automotive industry: 5% ($34.74 billion).

Major Contributors to FDI

• Mauritius accounted for 26% of total FDI at $163.87 billion.

• Singapore came in second at 23% ($148.16 billion).
• The USA: 9% ($60.19 billion).
• The Netherlands: 7% ($43.75 billion).
• Japan: 6% ($38.74 billion).

3. New Sectors: India aims to diversify its manufacturing base by promoting the
growth of selected 25 sectors. While traditional manufacturing sectors like textiles and
automotive continue to thrive, the government encourages investment in industries such as
aerospace, defence, electronics, renewable energy, and pharmaceuticals. This diversification
helps reduce dependence on a few industries and fosters innovation and competitiveness.

Sector-wise analysis of Make in India

1) Automobile Sector:
India's automobile industry is one of the largest in the world, especially for tractors and two-
wheelers. It is also a major driver of the country's economic growth and technological
advancement, contributing nearly 7% to India's GDP and 35% to its manufacturing GDP. India
holds a prominent position in the global automotive industry, standing as one of the world's
largest manufacturers of tractors and two-wheelers. In terms of manufacturing output, the
country ranks second in two-wheelers, seventh in commercial vehicles, sixth in passenger
vehicles, and proudly takes the top spot as the largest producer of tractors worldwide. This
remarkable growth trajectory is set to continue, with India projected to become the world's
third-largest automotive market by volume by 2026.

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India is poised to play a key role in the global electric vehicle revolution. The EV market in
the country is expected to grow rapidly, with annual sales reaching 10 million units by 2030.
This will create a significant economic impact and create 50 million direct and indirect jobs.

The Indian government is supporting the growth of the automobile industry through initiatives
such as the establishment of India's first Machine Tool Park. The Department of Heavy Industry
also administers 29 Central Public Sector Enterprises (CPSEs) and five autonomous
organizations that contribute to the industry's vitality.

Key Achievements and other statistics

• BHEL has spent around INR 30 cr on R&D expenditure and filed 34 patents/copyrights.
• In 68 cities of India 2877 Ev stations have been sanctioned under the Scheme for Faster
Adoption and Manufacturing of Electric Vehicles in India Phase-II (FAME India Phase
II) of the Ministry of Heavy Industries
• 2,56,980 electric vehicles registered and 6586 Public Charging Stations (PCS) for Evs
are operational in India as of 2023.
• Exports of the total number of automobiles increased from 41,34,047 in 2020-21 to
56,17,246 in 2021-22, registering a positive growth of 35.9%.

FDI and other sector policies

• Under the automatic route, complete delicensing and 100% Foreign Direct Investment
(FDI) are both authorized. Consequently, it becomes simple for investors to open a
manufacturing facility or store in India.
• From April 2000 to March 2023, FDI equity inflow totalled USD 34.74 billion into
the automotive industry. This accounts for 5% of all FDI received across all
industries.
• Fame India Scheme
• Automotive Mission Plan 2016-26 (AMP 2026)
• National Electric Mobility Mission Plan 2020 (NEMMP)

2) Aviation Sector:
In terms of domestic traffic, the Indian Civil Aviation ranks 3rd largest in the world. India’s
recent developments in the field of aviation and drone technology signal a promising future for
the industry. In a significant move, India has transitioned into a "green zone" for drone
operations, eliminating the need for prior permissions. This streamlined approach aims to
encourage the use of drones for various applications, while simultaneously supporting the
domestic drone manufacturing sector through initiatives like the Production-Linked Incentive
(PLI) scheme.

The drone market in India is experiencing a remarkable growth trajectory, with projections
indicating substantial expansion. From a market value of INR 2,900 Crores in 2020, the drone
industry is expected to soar to approximately INR 77,300 Crores by 2025, showcasing an
impressive Compound Annual Growth Rate (CAGR) of 80%.The further projections
anticipates that the drone market could reach astonishing valuation of INR 2,95,000 Crores by

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2030. These figures indicate humongous potential and opportunities in the Indian drone
market.

In parallel, India's regional connectivity efforts have seen substantial progress through the
UDAN (Ude Desh Ka Aam Nagrik) initiative. As of February 28, 2023, a total of 469 routes
have been operationalized under UDAN, linking 74 unserved and underserved airports across
the country.

Key Achievements and other statistics

• Under the UDAN scheme Annual passenger traffic increased from 2.6 lakh to 33 lakh
in 5 years.
• Over 1.13 crore passengers have travelled in more than 2.16 Lakh UDAN flights.
• Out of 17,726 registered pilots in India 2,764 pilots are women which amounts to
15% of the total pilots in the country which is higher than the global average of 5%.

FDI and other sector policies

• The total amount of FDI equity invested in the air transport sector (including air
freight) from April 2000 to March 2023 is USD 3.76 billion.
• RCS- UDAN(to promote air connectivity to underserved and unserved airports in tier
2 & tier 3 cities)
• Krishi Udaan - Airlifting Agri-produce for better value realisation for farmers
• Liberalised Drone Rules, 2021

3) Defence Manufacturing Sector:

The Government of India has identified the defence and aerospace sector as an area of focus
for the ‘Atma-nirbhar Bharat’ initiative with a formidable backing to the establishment of
indigenous manufacturing infrastructure supported by a requisite research and development
ecosystem. The Government of India has set an ambitious target to achieve the turnover of 25
billion USD in the aerospace and defence sector, this also includes the target of 5 billion USD
exports in aerospace and defence sector. Also ever since 2016-17 the defence exports have
increased more than 10 times and have reached an all-time high of approx. 16000 crore INR in
FY 2022-23.

Key Achievements and other statistics

• Defence exports grew by 334% in the last five years.
• For the first time ever in FY 2022-23 the defence production has crossed the 1 Lakh
INR mark.
• India has around 194 defence tech startups building innovative tech solutions to
empower and support the country’s defence efforts.

FDI and other sector policies

• FDI in the defence sector is allowed up to 74% through automatic route (from earlier
49%) for companies seeking new industrial licenses. FDI beyond 74% and up to 100%
will be permitted under the Government route.

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 • Between April 2000 and March 2023, there was a total of USD 15.78 Mn in FDI equity
infusion into the defence sector.
• Procurement Policy (procurement of defence is governed by defence procurement
procedure)

4)Renewable Energy Sector

India has become a global leader by tremendous advancements in the field of renewable energy.
According to the REN21 Renewables 2022 Global Status Report, India ranks fourth
internationally in terms of installed capacity for renewable energy, which includes sizable
hydro systems. specially, India is committed to utilizing clean and sustainable energy sources,
as substantiated by the fact that it ranks fourth in both wind and solar generating capacity.
India has also formerly surpassed its goal of obtaining 40 of its installed electric capacity
fromnon-fossil energy sources, which is a significant corner. This accomplishment
demonstrates India's commitment to lowering its carbon footmark and shifting to a more
environmentally friendly and sustainable energy system.

Key Achievements and other statistics

• India has achieved emission reduction of 28% over the 2005 levels against the target of
35% by 2030.
• 56 solar parks sanctioned with a cumulative capacity of 39.8 GW in 14 states.
• The country now has a 1037 billion litter capability to produce ethanol annually.

FDI and other sector policies

• FDI up to 100% is permitted in the renewable energy sector under the Automatic route
and no prior Government approval is required.
• Between April 2000 and March 2023, the Non-Conventional Energy sector received
USD 14.12 billion in total FDI equity inflows. This accounts for around 2.22% of all
FDI received across all industries.
• Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY)

Other sectors Focused by Make in India Scheme:

Automobile Biotechnology Chemicals Construction Food
Components Processing
Electrical Electrical Information Media & Space
Machinery Systems Technology Entertainment Sector
Pharmaceutical Mining Oil and Gas Leather, textile and Wellness
garment Industry Sector
Ports & Shipping Railways Road & Tourism & Thermal
Highways Hospitality Power

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4. New Mindset: The "New Mindset" pillar represents a shift in attitude and approach
towards manufacturing. It encourages entrepreneurship, innovation, and a proactive approach
to economic development. This involves not only government policies but also a cultural shift
that values manufacturing as a key driver of economic growth. It promotes a culture of 'Make
in India' where domestic production is prioritized over imports.

New Initiatives taken under Make in India

National single window system (NSWS): In order to make carrying out business easier, the
NSWS was introduced in September 2021. It offers investors a single digital platform for
permits and licenses. To enhance the investor experience, this point has combined numerous
formerly- being concurrence processes from different Ministries/ Departments of the
Government of India and State Governments.

Gati shakti: The Government has also launched a programme for multimodal connectivity to
manufacturing zones in the country, called the Prime Minister’s Gati shakti programme,
which will ensure logistical effectiveness in business operations through the creation of
structure that improves connectivity.
Additionally, the government launched plans to create industrial corridors. These corridors
promote inclusive growth.
• Delhi- Mumbai
• Amritsar- Kolkata
• Bengaluru- Mumbai
• Chennai- Bengaluru

One District One Product: It helps giving crafters and directors of handloom, crafts, fabrics,
agrarian, and reused products a global platform and making it easier to promote and produce
indigenous goods from every quarter of the nation, this action hopes to foster the
socioeconomic development of the colourful corridor of the nation.

Semi-Conductor: In order to produce an ecosystem for semiconductor, display, and design

in India, the government has created a USD 10 billion incitement program, feting the
significance of semiconductors in the global frugality

These four pillars collectively aim to create an ecosystem conducive to manufacturing

growth by making processes smoother, improving infrastructure, expanding into new
sectors, and fostering a mindset that values and supports the "Make in India" initiative. The
synergy among these pillars is crucial in achieving the broader goal of transforming India
into a global manufacturing hub.

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Impact of Make in India

• FDI inflows: Inflows of foreign direct investment into India were USD 45.15
billion in 2014–2015, setting a record that has been continuously broken for the past
eight years. With USD 83.6 billion, the years 2021–22 had the largest level of FDI
ever. India is on track to bring in USD 100 billion in foreign direct investment during
the current fiscal year (2022–23), thanks to recent economic changes and
improvements in the ease of doing business.
• Production Linked Incentives: By encouraging both domestic and foreign
investment and developing manufacturing companies that compete on a worldwide
scale, the PLI plan is enhancing India's manufacturing sector. This scheme targets 14
sectors of strategic and economic importance to India. Under this scheme, the
government has offered subsidies as high as 50% to businesses making products
ranging from semiconductors to drones. According to the Economic survey, the PLI
plan for large scale electronics has drawn an investment of INR 4,784 crore and
helped produce INR 2.04 lakh crore in total, including INR 80,769 crore in exports
(as of September 2022). According to information provided by the Ministry of
Electronics and Information Technology, the PLI scheme for large-scale electronics
has proven to be the most effective program, creating 28,636 jobs and increasing
smartphone exports by 139% over the past three years. Similarly, the plan has
attracted projected investment of INR 74,850 crore over a five-year period for the
automobile and auto component industries. This scheme will also generate massive
primary and secondary employment. This scheme is expected to create increased
production of Rs 40 lakh crore and additional employment of 60 lakhs across the 14
sectors in the next five years.

• Phased manufacturing Program: The Phased Manufacturing Program (PMP)

was launched in 2016-2017. This aims to set up of “robust indigenous mobile
manufacturing ecosystem in India by increasing the amount of locally made
components used in the production of mobile phones. The PMP initially encouraged
production of low value accessories, before shifting to high value components. The
basic custom on imports of these accessories was raised to achieve this.
For instance, there are around 30 components that go around in making a Mobile Phone
so in PMP main focus would be to develop these small component industries to facilitate
phased manufacturing of mobile phones.
• Railways, insurance, defense, and medical device industries have all been made more
accessible to foreign direct investment (FDI).
• The maximum limit on foreign direct investment in the defense industry has increased
from 49% to 74%. Nirmala Sitharaman, the finance minister, made this rise in FDI
effective from May 16, 2020.
• Under the automatic route, 100 percent FDI has been approved for projects involving
construction and specific rail infrastructure.
• Investors are helped by the Investor Facilitation Cell from the moment they enter in
India until they leave the nation. This was established in 2014 to provide investors

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 with services across the whole investment process, including the pre-investment stage,
execution, and post-delivery services.
• There are also several schemes launched by the government to support the Make in
India initiative like Skill India, Digital India, Pradhan Mantri Jan Dhan Yojana
(PMJDY), Smart cities, Amrut, Sagarmala- Port led development and AGNII.

Drawbacks of the Make in India Initiative

1. Lack of Skill Development: One of the major drawbacks of the Make in India program is
the lack of emphasis on skill development. While the program aimed to boost manufacturing
and create job opportunities, there has been a shortage of skilled labor to meet the demands of
the industry. The focus on skill development and vocational training should have been a priority
from the beginning to ensure a skilled workforce.

2. Inadequate Infrastructure: Another significant drawback is the inadequate infrastructure

in India. Manufacturing requires robust transportation networks, reliable power supply, and
efficient logistics. However, many areas in India still suffer from poor infrastructure, hindering
the smooth functioning of industries. Insufficient investment in infrastructure development has
been a roadblock to the success of the Make in India program.

3. Less focus on agriculture: Agriculture is the main activity of rural economies in India.
Indian Territory has more than 60% of its area suitable for cultivation. Agriculture in India
will be somewhat ignored when manufacturing sectors are introduced. Neglecting agriculture
can lead to unequal economic growth, with urban regions enjoying the benefits of
industrialization far more than rural areas, which still deal with problems.

4. Limited Focus on Research and Development (R&D): Innovation and technological

advancements are key drivers of manufacturing competitiveness. However, the Make in India
program has not adequately focused on promoting research and development activities.
Emphasizing R&D investment and fostering collaboration between industry and academia
would have helped in creating an ecosystem of innovation and technological advancement.

5. Environmental Concerns: The Make in India program aimed to boost manufacturing, but
it did not adequately address environmental concerns. Rapid industrialization without proper
environmental regulations and sustainable practices can lead to pollution and ecological
damage. Incorporating environmental sustainability as a core component of the program would
have ensured responsible manufacturing practices.

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6. Unequal Regional Development: The Make in India program initially focused on a few
key sectors and states, resulting in unequal regional development. Concentrating investments
and resources in select regions can lead to an imbalance in economic growth and neglect of
other regions. A more balanced approach that promotes inclusive growth across all states and
sectors would have yielded better results.

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 Conclusion
The "Make in India" initiative is an ambitious project aimed at fostering sustainable economic
growth. It envisions India becoming a global manufacturing powerhouse through a series of
determined policies. The theme of Make in India is an opportunity that we must seize to
strengthen our economy and global brand. This initiative has the potential to create jobs,
stimulate overall development, and elevate India's economic standing worldwide. However, it's
important to acknowledge that ‘Make in India’ may not align with agricultural development
goals. Despite this, India possesses the capability to significantly increase its GDP, possibly
reaching 25% in the coming years.
The Indian government has taken numerous measures to encourage investment and enhance
the business environment, and the Make in India mission is a pivotal, long-term initiative that
aims to transform India into a manufacturing hub. Furthermore, startups in key manufacturing
sectors are poised to play a pivotal role in the success of Make in India.

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 References
• Drishti IAS. (2022, September 27). Eight years of make in India.
https://www.drishtiias.com/daily-updates/daily-news-analysis/eight-years-of-make-in-
india
• Verma, A. (2020, July 7). Success of ‘Make in India’ – iPleaders.
https://blog.ipleaders.in/success-make-in-
india/#Impact_of_%E2%80%98Make_in_India%E2%80%99
• Agrawal, A. (2023, July 11). The PLI Scheme: A Game-Changer for India’s
Manufacturing. Invest India.
https://www.investindia.gov.in/team-india-blogs/pli-scheme-game-changer-indias-
manufacturing-
sector#:~:text=As%20per%20the%20Economic%20Survey,(as%20of%20September
%202022)
• J, P. P. (2022, September 27). A re-look at production-linked incentives. The Hindu.
https://www.thehindu.com/opinion/op-ed/a-re-look-at-production-linked-
incentives/article65940971.ece
• Insights Editor. (2020, October 18). Insights into Editorial: Phased manufacturing
policy that is hardly smart - INSIGHTSIAS.
https://www.insightsonindia.com/2020/10/18/insights-into-editorial-phased-
manufacturing-policy-that-is-hardly-smart/
• Intellectual property initiatives to drive “Make in India.” (n.d.b).
https://pib.gov.in/newsite/printrelease.aspx?relid=123202
• FDI in India: Foreign Direct Investment Opportunities, Policy | IBEF. (n.d.). India
Brand Equity Foundation. https://www.ibef.org/economy/foreign-direct-investment
• Initiatives under “Make in India” and “Startup”Programmes; (n.d.).
https://www.pib.gov.in/PressReleasePage.aspx?PRID=1738170#:~:text=Recently%2
C%20Government%20has%20taken%20various,measures%20to%20boost%20domes
tic%20manufacturing.
• Business Alligators Support. (2017, October 8). Advantages and disadvantages of
make in India. Business Alligators.
https://www.businessalligators.com/advantages-disadvantages-make-india/
• Make In India. (n.d.). https://www.makeinindia.com/

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 Undertaking By Group Members

We undertake that the above research report on ‘Impact and outcomes of Make in India
Campaign’ submitted is an original and authentic work conducted by us. It represents our
own efforts and findings, and all references and sources used have been duly acknowledged
and cited.

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