Rahul Gandhi Critiques ‘Make in India’ Initiative in Lok Sabha
In a recent Lok Sabha debate, Congress MP Rahul Gandhi criticized the Narendra Modi government for the perceived failure of the ‘Make in India’ initiative, stating that India’s manufacturing sector has significantly declined under the current administration.
‘Make in India’ Was a Good Idea, But It Failed
Gandhi acknowledged the initial promise of the ‘Make in India’ program, saying, “The result is right in front of you, manufacturing fell from 15.3% of GDP in 2014 to 12.6% of GDP today, which is the lowest share of manufacturing in 60 years.” He emphasized that while the Prime Minister tried, the initiative ultimately failed to deliver meaningful results.
China’s Dominance in Production
He further criticized India’s manufacturing capabilities, stating, “We have handed over the organization of production to the Chinese.” Gandhi explained that despite claims of producing mobile phones in India, most components are sourced from China, leading to economic dependency.
Concerns Over National Security
Linking economic shortcomings to national security, Gandhi asserted, “The reason China is sitting inside this country is because ‘Make in India’ has failed.” He raised alarms over India’s reliance on Chinese imports in defense, warning that future conflicts could see India using Chinese technology against itself.
AI and Data Dependency
Discussing artificial intelligence, he pointed out that India’s lagging data infrastructure puts the country at a disadvantage against China, which holds a significant lead in technological advancements.
A Call for Dynamic Banking and Employment Solutions
Gandhi proposed that India’s banking system should support small and medium businesses to foster economic growth. He also highlighted the persistent issue of unemployment, admitting that neither the Congress-led UPA nor the current NDA government has provided clear solutions.
As discussions around economic policies and job creation continue, Rahul Gandhi’s remarks resonate with concerns over India’s manufacturing future and national security. For more insights and offers on economic tools and resources, visit Looffers.com.
