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How Big of a Failure Is “Make in India”?

When Prime Minister Narendra Modi announced the “Make in India” initiative in September 2014, the government envisioned a plan to transform India into a manufacturing juggernaut, propelling economic growth and job creation. This ambitious initiative aimed to elevate manufacturing’s share of India’s gross domestic product (GDP) to 25% by 2022 (revised to 2025 – and

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