EVOLUTION OF INDIA’S INDUSTRIAL STRATEGY

ARTICLE 2

EVOLUTION OF INDIA’S INDUSTRIAL STRATEGY

1️⃣ Conceptual Framing: Industrial Policy as a Three-Phase Evolution

(GS-III: Indian Economy – Industrial Policy)

Phase I – Make in India (2014)

• Objective: Transform India into global manufacturing hub.
• Target: Raise manufacturing share from ~15% to 25% of GDP.
• Focus:
• • Attract FDI
  • Expand domestic manufacturing capacity
  • Job creation at scale
  • Integration into global value chains (GVCs)

Phase II – Aatmanirbhar Bharat (2020)

• Trigger: COVID supply chain disruptions.
• Strategic shift:
• • Resilience over mere scale.
  • Reduce import dependence in critical sectors.
  • Promote domestic capability in defence, electronics, semiconductors.

Phase III – Viksit Bharat 2047

• Long-horizon ambition.
• Aim:
• • Innovation-driven growth.