The “Make in India” policy: “A Comprehensive Evaluation of Outcomes and Roadblocks”

Abstract: The "Make in India" initiative, introduce by Indian government, stands out as a pivotal and game changing policy endeavour aims to attract the FDI in India by boosting the domestic manufacturing sector. This study focuses on the multifaceted aspects of this initiative by focusing on the goals, impact of FDI inflows and challenges and obstacles faced by foreign investors. To achieve the objectives, historical data has been collected on FDI inflows into India, spanning from the period of before the introduction of Make in India initiative and the after period of its implementation. Paired sample T-test has been applied o compare the pre and post FDI inflows of launching "Make in India initiative". Results of the study provides that substantial difference occurs in the mean FDI inflows pre and post launching of this "Make in India" initiative at 5% level of significance. FDI inflows rise up on an average after the launching of this initiative by the government of India. Through the comprehensive and indepth analysis of these objectives, the study contributes to the better understanding of "Make in India" initiative impact on attraction of FDI and major challenges that needs to be address to enhance the effectiveness of this initiative in promoting manufacturing as well as the economic growth of the nation.

Keywords: - Make in India, Economic Growth, FDI, Manufacturing sector and foreign investors