Impact Of Specific Tax Policies On Make In India

Tapasya Singh, LLM, Amity University, Noida

ABSTRACT

The Make in India initiative, launched in 2014, as part of a wider set of nation- building initiatives, sought to leverage international investment and promote indigenous manufacturing to turn India into a worldwide manufacturing powerhouse. However, the efficacy of this ambitious initiative is contingent upon various factors, including the prevailing tax policies. This paper elaborates the impact of recent tax policies on the Make in India initiative, focusing on their implications for domestic manufacturing, foreign investment inflow, and overall economic growth. Moreover, it assesses the extent to which alterations in tax regulations have influenced the competitiveness of Indian manufacturing vis-à-vis other global players. This study offers to provide a comprehensive understanding of the intricate relationship between tax policies and the realization of the Make in India vision.

Keywords: Make in India, Foreign Investment, Manufacturing Sector.