14. Pradhan Mantri Make in India
This scheme launched by Modi government is aimed to encourage companies to make their products in the country only. It also wants to bring more foreign investment in the Indian market. Launched on September 25, 2014, this Pradhan Mantri Make in India scheme permits 100% FDI (Foreign Direct Investment) in all but 25 sectors, namely, defence industry (49%), Media of India (26%), and Space industry (74%), to name a few. After the launch of the scheme, ₹16.40 lakh crore was given to India as investment commitments and ₹1.5 lakh crore as investment inquiries. Due to these, in September 2014, India surpassed the US and China as a top global destination for FDI. However in 2020, China beat India to the FDI, while World’s top economies were feeling the pressure of the lockdown only a few countries managed to keep their FDI flows in positive. China managed to bring in $163 billion, while India could only afford to bring in $57 billion.
