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Why did Make in India drive fail? https://www.thehansindia.com/hans/opinion/news-analysis/why-did-make-in-india-drive-fail-786441    Dr M Suresh Babu Hans News Service | 7 Mar 2023

India has lost its position as a destination for portfolio capital.

There was simply no way that FDI could create millions of jobs every year in India... while Indian labor is cheap, it's not productive enough dues to many constraints. Plus, the Union government's support for foreigners coming in is somewhat reluctant. So, the Union government now wants Assemble in India. That too will have limited impact.

4 policy failure can be identified: overly optimistic expectations, implementation in dispersed governance, inadequate collaborative policymaking, and the vagaries of the political cycle

Overall, the Make in India campaign failed to create an international niche market as promised and lost its position as a destination for portfolio capital. The policy was overly optimistic and lacked proper implementation, resulting in limited impact and failure to achieve its objectives.

Hindutva, Economic Neoliberalism and the Abuse of Economic Statistics in India Jayati Ghosh https://doi.org/10.4000/samaj.6882  https://journals.openedition.org/samaj/pdf/6882

Economist Jayati Ghosh, in a piece titled Hindutva, Economic Neoliberalism and the Abuse of Economic Statistics in India, explained how the Narendra Modi government’s efforts at implementing the Hindutva agenda adversely affects economic activity.

Quoting examples of the 2002 Gujarat riots and the 2013 Muzaffarnagar riots, she said, “Riots – often instigated cynically by proponents of Hindutva for political and other purposes – are clearly not economically beneficial in the aggregate. However, they can sometimes lead to benefits for part

Five Issues That Are Hurting the Indian Economy https://thewire.in/economy/indian-economy-inflation-adani-press-freedom-politics Apart from economic issues such as high inflation and crony capitalism, mental health, majoritarian politics and press freedom also impact the overall growth of the economy.
Five Issues That Are Hurting the Indian Economy