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2024: Make in India 2.0 Develops Robust Manufacturing Sector
The Statesman
|January 01, 2025
In the year 2024, Make in India 2.0 developed a robust manufacturing sector across 27 categories with renewed vigour and energy.
As per the government data, with Rs 1.46 lakh crore investments by August 2024, the initiative has generated Rs 12.50 lakh crore in production, Rs 4 lakh crore in exports, and 9.5 lakh jobs.
Exports have also seen a substantial uptick, surpassing Rs 4 lakh crore, driven by key sectors such as electronics, pharmaceuticals, and food processing.
Notably, between April 2014 and March 2024, India attracted $667.41 billion in FDI, representing nearly 67% of the total FDI received over the last 24 years.
In terms of mobile manufacturing, back in 2014-15, domestic mobile phone production stood at 5.8 crore units, which was increased to 33 crore units in 2023-24, with imports dropping significantly.
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