Brief by Shorts91 NewsDesk / 08:16am on 11 Aug 2025,Monday Business
Despite over a decade of the ‘Make in India’ initiative, India remains heavily reliant on Chinese imports, especially for upstream components like electronics, solar cells, and electric batteries. A report by the Hinrich Foundation reveals that while India has made progress in assembling products, its dependence on Chinese raw materials and technology persists. In FY 2024–25, India’s trade deficit with China hit a record $99.2 billion, with imports rising to $113.5 billion and exports falling to just $14.3 billion. Prime Minister Modi’s push for manufacturing self-reliance faces structural challenges, as the Production Linked Incentive (PLI) scheme struggles to offset China’s dominance. The gap between policy ambition and economic reality continues to widen. (PC: Foreign Policy & NDTV)
