The Impact of Make in India on Foreign Direct Investment: An Analytical Study.

Make in India is a term created by Prime Minister Narendra Modi on 25 September 2014 to encourage businesses all over the world to invest, and manufacture their products, in India. India should take a systematic approach to manufacturing evaluations in order to gain a competitive edge and develop global leadership. 'Make in India' is a government-led programme aimed at encouraging international and domestic companies to produce their products in India. The major purpose of the project is to focus on job creation and skill development. Domestic investment must take the lead, as foreign direct investment (FDI) accounts for less than 8% of overall investment in the country. The purpose of the research is to examine the impact of the 'Make in India' policy on FDI inflows and to investigate the potential of 'Make in India'. When the average FDI inflow was compared before and after the 'Make in India' period, the results revealed a significant difference. This suggests that the average FDI inflow of the period after 'Make in India' is greater than that of the period preceding it. However, there hasn't been much of a difference in FDI inflows as a percentage of GDP, implying that FDI inflows as a percentage of GDP haven't increased considerably and that more attention is needed. [ABSTRACT FROM AUTHOR]