India's $23 billion plan to rival China factories to lapse after it disappoints
- Congress President Mallikarjun Kharge criticized the BJP, claiming its promise to make India a global manufacturing hub has remained unfulfilled since 2014.
- The Modi government has decided to let lapse a $23 billion program to incentivize domestic manufacturing after four years, as disclosed by officials.
- As of October 2024, only $1.73 billion in incentives had been allocated, representing under 8% of the pledged funds, according to government documents.
- Manufacturing's share in India's economy decreased from 15.4% to 14.3% since the program's introduction.
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24 Articles
24 Articles
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3
Center
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Coverage Details
Total News Sources24
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 29%
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