Why did Make in India drive fail? https://www.thehansindia.com/hans/opinion/news-analysis/why-did-make-in-india-drive-fail-786441 Dr M Suresh Babu Hans News Service | 7 Mar 2023
India has lost its position as a destination for portfolio capital.
There was simply no way that FDI could create millions of jobs every year in India... while Indian labor is cheap, it's not productive enough dues to many constraints. Plus, the Union government's support for foreigners coming in is somewhat reluctant. So, the Union government now wants Assemble in India. That too will have limited impact.
4 policy failure can be identified: overly optimistic expectations, implementation in dispersed governance, inadequate collaborative policymaking, and the vagaries of the political cycle
Overall, the Make in India campaign failed to create an international niche market as promised and lost its position as a destination for portfolio capital. The policy was overly optimistic and lacked proper implementation, resulting in limited impact and failure to achieve its objectives.