India’s Defense Export Growth

GS 3 – Defence 

• India’s defense exports have reached a record high, with significant contributions from the private sector. The government aims to further boost exports by streamlining policies and encouraging indigenous production under the ‘Make in India’ initiative.

Make in India is a flagship initiative launched by the Government of India on 25th September 2014 to boost manufacturing, investment, and innovation in the country. It aims to transform India into a global manufacturing hub by encouraging domestic and foreign companies to manufacture products in India.

Key Objectives:

1. Promote Manufacturing: Increase the contribution of the manufacturing sector to India’s GDP to 25% by 2025.
2. Create Jobs: Generate employment opportunities for the growing workforce.
3. Attract Investments: Encourage both foreign direct investment (FDI) and domestic investment.
4. Enhance Skill Development: Improve workforce skills to match industry needs.
5. Foster Innovation: Promote research and development (R&D) in manufacturing.

Key Reforms under Make in India:

• Industrial Corridors
• Smart Cities Mission
• Start-Up India
• Ease of Doing Business Reforms
• National Policy on Electronics (NPE)
• Defence Manufacturing
• Renewable Energy Initiatives
• Production Linked Incentive (PLI) Scheme
• Skill India
• Make in India in Railways
• Digital India
• Bharatmala and Sagarmala Projects
• Atmanirbhar Bharat Abhiyan

Achievements:

1. FDI Growth: India saw record FDI inflows in recent years, with many global companies setting up manufacturing plants.
2. Defense Sector: Boost to indigenous production with policies like Atmanirbhar Bharat and encouragement for private participation.
3. Electronics Manufacturing: India has emerged as a major hub for smartphone and electronics production, with companies like Apple and Samsung expanding operations.
4. Infrastructure Development: Initiatives like Industrial Corridors and smart cities have supported manufacturing.