U.S. trade report on ‘Make in India’ policy

Why is it in news?
  • An annual report submitted by the U.S. Trade Representative (USTR) flags issues from ‘Make in India’ policy.
  • The Make in India campaign was launched by Prime Minister Modi in 2014 to incentivise production in India.
More from the report:
  • India’s large market, economic growth, and progress towards development make it an essential market for many U.S. exporters.
  • Recent Indian emphasis on import substitution through a “Make in India” campaign has epitomised the challenges facing the bilateral trade relationship.
Source: The Hindu
Posted by Jawwad Kazi on 2nd Mar 2021
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