For a long time, in both UPA and current NDA regimes, the key objective of the govt has been to make goods (especially electronic goods) in India. The idea is to mitigate the loss of precious foreign exchange and to boost the Indian economy. In this note, I have analyzed the export-import data of the last several years to evaluate whether “Make-in -India” has been successful in delivering the desired result.
Total Imports (All Products)
The following chart provides a snapshot of the total goods imported by India since the year 2007.
