Part 2/9:
At the heart of the "Make in India" campaign lay the goal of self-sufficiency—an aspiration to halt dependency on imports and substantially reduce the trade deficit. Analyzing the stats reveals a sobering truth: while imports as a percentage of GDP dropped slightly from 25.95% in 2013 to 23.9% in 2023, the progress is minimal. India still relies heavily on importing a wide range of products, from crude oil to advanced electronics. A decade into this campaign, the goal of manufacturing self-sufficiency seems to be further than ever, with India remaining a net importer caught in the quagmire of its own industrial inefficiencies.