GENERAL25 Sept 2026
12 years of ‘Make in India’ in 12 metrics — Low and patchy impact on growth, employment & global share
Twelve years after Make in India began on 25 September 2014, manufacturing's share in India's growth, jobs and global exports has barely moved. Export gains and some government incentive schemes helped a few sectors, but wider investment and employment stayed flat. If you run a manufacturing business, don't plan around a big policy shift. Track sector-specific schemes and check your eligibility with your accountant.
Key Statutory Highlights
- Twelve years after Make in India launched in September 2014, manufacturing's share in India's economic growth, employment and global exports has stayed largely the same.
- Government incentive schemes have seen some success, but those gains are limited to a handful of sectors.
- Under the new data series, manufacturing's share in gross value added rose only slightly, from 14.6% in 2022-23 to 15.6% in 2025-26.
Actionable Advice for Taxpayers / Founders:Review whether any existing sector-specific manufacturing incentive scheme applies to your business, and confirm your eligibility and paperwork with your accountant before you count on those benefits.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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