{"id":57058,"date":"2024-10-14T07:31:29","date_gmt":"2024-10-14T07:31:29","guid":{"rendered":"https:\/\/earlypostdaily.com\/?p=57058"},"modified":"2024-10-14T07:31:31","modified_gmt":"2024-10-14T07:31:31","slug":"make-in-india-has-turned-into-fake-in-india-congress","status":"publish","type":"post","link":"https:\/\/earlypostdaily.com\/index.php\/2024\/10\/14\/make-in-india-has-turned-into-fake-in-india-congress\/","title":{"rendered":"Make In India\u2019 Has Turned Into \u2018Fake In India\u2019: Congress"},"content":{"rendered":"\n

New Delhi, Oct 14:<\/strong> The Congress on Monday sharply criticized the Modi government\u2019s flagship ‘Make in India’ initiative, calling it a collection of empty promises or “jumlas,” and alleging that it has transformed into “Fake in India.”<\/p>\n\n\n\n

Congress General Secretary (Communications) Jairam Ramesh pointed out that the ambitious goals set when the program was launched in 2014 have fallen flat, claiming that economic policy-making over the past decade has been far from stable, predictable, or sensible.<\/p>\n\n\n\n

Ramesh, in a post on X (formerly Twitter), provided a status update on the four key objectives the Modi government had outlined during the program\u2019s inception.<\/p>\n\n\n\n

\u201cJumla One: Increase the growth rate of Indian industry to 12-14% per year. Reality: Since 2014, the annual growth rate for manufacturing has averaged only around 5.2%,\u201d he stated.<\/p>\n\n\n\n

\u201cJumla Two: Create 100 million industrial jobs by 2022. Reality: The number of manufacturing workers has actually fallen from 51.3 million in 2017 to 35.65 million in 2022-23,\u201d Ramesh added.<\/p>\n\n\n\n

Highlighting the third goal, he said, \u201cJumla Three: Increase the share of the manufacturing sector to 25% of GDP by 2022, later revised to 2025. Reality: The share of manufacturing in India\u2019s Gross Value Added (GVA) has dropped from 18.1% in 2011-12 to just 14.3% in 2022-23.\u201d<\/p>\n\n\n\n

Ramesh\u2019s final critique, “Jumla Four,” addressed the aim to make India the “new factory of the world,” replacing China. \u201cFar from replacing China, we have become even more dependent on it. Imports from China have risen from 11% in 2014 to 15% in recent years,\u201d he remarked.<\/p>\n\n\n\n

Further, Ramesh accused the Modi government of creating an economic atmosphere filled with fear and uncertainty, discouraging private investment, while alleging that one or two big business conglomerates close to the government have been unfairly favored. \u201cMake in India has simply become Fake in India,\u201d Ramesh charged.<\/p>\n\n\n\n

On the program’s 10th anniversary, Prime Minister Narendra Modi had lauded the ‘Make in India’ initiative, calling it a transformative movement that has turned India into a powerhouse of manufacturing and innovation, asserting that \u201cBharat is unstoppable.\u201d However, the Congress’s sharp critique suggests the party sees the initiative as a failure that has failed to live up to its lofty promises.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi, Oct 14: The Congress on Monday sharply criticized the Modi government\u2019s flagship ‘Make in India’ initiative, calling it a collection of empty promises or “jumlas,” and alleging that it has transformed into “Fake in India.” Congress General Secretary (Communications) Jairam Ramesh pointed out that the ambitious goals set when the program was launched […]<\/p>\n","protected":false},"author":1,"featured_media":57059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,4603],"tags":[444,1032,73,1033],"class_list":{"0":"post-57058","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news","8":"category-politics","9":"tag-congress","10":"tag-earlypostdaily","11":"tag-india","12":"tag-latestnews"},"_links":{"self":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/57058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=57058"}],"version-history":[{"count":1,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/57058\/revisions"}],"predecessor-version":[{"id":57060,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/57058\/revisions\/57060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media\/57059"}],"wp:attachment":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=57058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=57058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=57058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}