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Make in India Turns 12: Gains in Output and Exports, But Jobs and GDP Goals Lag

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India's Make in India initiative has completed 12 years since its launch, recording notable progress in manufacturing output and export growth. However, the programme has fallen short of its key targets related to job creation and raising manufacturing's share of GDP. Industry stakeholders have highlighted the persistent difficulty that micro, small, and medium enterprises face in accessing affordable finance. Easier credit for MSMEs has emerged as a central demand from the business community to sustain and deepen industrial growth. The anniversary has prompted a broader review of what the initiative has achieved and where significant work remains.

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Make in India Turns 12: Gains in Output and Exports, But Jobs and GDP Goals Lag · ShortSingh