Believe in 'Make in India', it's giving good results: FM to Oppn in RS

FM Nirmala Sitharaman said that production-linked incentive schemes attracted investments worth Rs 1.5 trillion so far, created 950,000 jobs

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Finance minister Nirmala Sitharaman on Tuesday commended the Make in India initiative of the government, saying it has given great momentum to manufacturing.

 

Addressing the Parliament Budget Session in Rajya Sabha, the Finance Minister said that the initiative is giving good results.

 

“Make In India has not failed, but given great momentum to manufacturing,” Sitharaman said in rebuff to Opposition’s criticism in the Upper House.

 

Talking about the economy, she said India's household debt-to-GDP ratio is relatively low compared to emerging market economies and some advanced nations.

 

"India's assets and liability figures much better than many emerging market economies, and some developed nations," she further said.

 

On production-linked incentive (PLI) schemes, the FM noted that it has attracted investments worth Rs 1.5 trillion so far, created 950,000 jobs.

 

Speaking about Manipur, Sitharaman assured "all help to Manipur".

 

“We are committed to bringing normalcy, and prosperity in Manipur. Modi government has greater sensitivity and care for Manipur and other states. Manipur is a sensitive issue, we all have to support one-another,” she said.