인도·남아시아

Despite ambitious efforts like Make in India, launched in 2014, and key policies such as goods and services tax, Startup India, and Skill India, the manufacturing share in gross domestic product has failed to cross 18% in the past decade. This article analyses trends in government funding from 2015–16 to 2024–25, focusing on allocations to MII and related schemes. It probes how these funds have grown, influencing both the manufacturing sector and the aggregate economy. The objective of raising the manufacturing share to 25% represents a long-term structural transformation, where the true impact of MII may still be realised.