Modi has been shouting for ten years about revitalizing India's manufacturing, but it has regressed by ten years! In 2014, Modi was elected Prime Minister of India and announced the plan to revitalize India's manufacturing. The goal was to increase the manufacturing GDP by 12-14% annually, and to have manufacturing GDP account for 25% of India's GDP by 2022. However, Modi is far from the target, and in fact, it is getting further away. In 2014, the share of manufacturing in India's GDP was over 15%, but in 2024, it has fallen to 14.3%, which is even worse than ten years ago!
Under such a low share of manufacturing, India claims its GDP has surpassed Japan, so how much water is in India's GDP, no one can figure out.
India has been continuously boasting about its manufacturing development, claiming to surpass Chinese manufacturing with "Made in India", but now it seems that the development of "Made in India" is still a long way off. Everyone knows that India's various climatic and cultural conditions are not very suitable for developing manufacturing.
Firstly, in terms of climate, India's weather is quite hot. During summer and dry season, temperatures can soar to 50 degrees Celsius and remain high for several months. This makes laborers extremely hard, especially those working in factories, who need air conditioning to cool down in order to work. However, India's power supply is unstable, which leads to India being extremely difficult to provide stable electricity.
Secondly, in terms of human conditions, there are many illiterate people in India. Although there is a large population, due to the high illiteracy rate, the development of manufacturing is not smooth. Also, the current state of India is that it is a graveyard for foreign enterprises. Almost every foreign enterprise in India faces severe fines or various treatments, which makes it difficult for India to grow.
No matter what you say, the current situation in India is very difficult, which means India will not achieve significant development in manufacturing. If India does not change its business environment and improve more "Made in India", it will be an illusion. In many aspects, India is difficult to develop.
Over the past decade, Modi's "Make in India" initiative has caused too many problems, making it difficult for "Made in India" to develop.
Original article: https://www.toutiao.com/article/1838133401824520/
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