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Priyanka Kakkar of the AAP Casts Doubt on Prime Minister Modi’s Make In India Plan

 

Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman’s assertions about economic change were cast into doubt on Tuesday by Aam Aadmi Party Spokesperson Priyanka Kakkar. In an interview with the media, the representative blamed the Narendra Modi administration for the decline of the country’s industrial industry.

She asserted that the two objectives of the Modi government’s 2014 Make In India program were to increase manufacturing’s contribution to GDP to 25% by 2022 and to create 10 crore manufacturing employment by the same year. “The manufacturing sector contributed 17 per cent to the GDP in 2014, however, it declined to 13.6 per cent in 2019, before the COVID pandemic,” she noted. According to her, this percentage dropped even lower to 13.32% in 2022.

The lawmaker made the assertion, “In our country, manufacturing is in a lot of trouble as it is continuously declining,” basing her arguments on World Bank statistics. According to Kakkar, the prime minister had made the statement “Frying pakodas (fritters) is also employment, which is not included in these figures” in response to a question regarding the manufacturing figures for 2018.

“Forget about creating 10 crore manufacturing jobs; the nation is experiencing the highest rates of unemployment in the last 50 years,” Kakkar remarked.

According to the AAP spokesman, the Modi government also introduced the “Performance Linked Incentive Scheme” in 2020, which promised incentives to domestic manufacturing. “This is not true; per WTO regulations, PLI in India can only be granted for assembly, not manufacturing…”Their PLI plan was a colossal failure, she added.

According to Kakkar, the minister of finance, Nirmala Sitharaman, said in 2022 that the government had supplied firms with PLI. According to the AAP representative, this is not true because PLI can only be used for assembly and not production according to WTO regulations.

Foreign direct investment (FDI) was 2.4% from 2004–2014, but is now 1.7%, according to Kakkar, contradicting Sitharaman’s assertion that it has been steadily rising in the country.

Even if Sitharaman was right about the corporation tax cut, Kakkar pointed out that it only affects 0.001% of the country’s businessmen. They should stop lying and start talking about a solution, she added, adding that it was the message from AAP.

The country’s manufacturing sector relies heavily on micro, small, and medium-sized enterprises (MSMEs). However, the MSMEs have been consistently disregarded by the BJP government. Due to the widespread pollution they caused, many companies are wary of hiring Muslims or Dalits. In the past decade, sixteen million Indians have renounced their citizenship and fled the nation. The country has seen the departure of 23,000 wealthy individuals who have shut down their firms. “The country is in grave danger because MSMEs are dying,” Kakkar asserted.

Further, she noted that the tax regime for the MSMEs has been made so complicated that they are either shutting their businesses or downscaling them.

 

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