Rahul Gandhi Attacks on PM Modi: Leader of Opposition in Lok Sabha and Congress MP Rahul Gandhi on Saturday strongly criticized Prime Minister Narendra Modi’s “Make in India” initiative. He said that this scheme, launched with big promises in 2014, neither flooded the factories in the country nor got employment to the youth. On the contrary, the manufacturing capacity of the country has come down to just 14% and unemployment among the youth is at a record level.

“Make in India has failed”: Rahul Gandhi
Rahul Gandhi shared a video on the social media platform X (East Twitter) and wrote, “Make in India ‘promised the factory boom. So why is the manufacturing records at a low level? Why the unemployment of the youth is increasing? And why has imports doubled from China? The art of giving slogans to Modi ji has come, but he is felt in the solution.”

Youth dreams incomplete, China earning profit
Rahul Gandhi, while referring to the meeting with two young Shivam and Saif at Nehru Place in New Delhi, said that both of them are skilled, talented and hardworking youth, but they are not getting the opportunity to fulfill their dreams. Rahul Gandhi said, “We only assemble, ask for goods from outside, but do not make real construction. China is earning profit and our youth are missing behind.”

He termed India’s current economic policy as unbalanced and opportunistic. Rahul said that since 2014, the contribution of manufacturing sector has fallen to 14%, which is very worrying. He also alleged that imports from China have doubled in the past years, which has directly affected the small industries of the country.

PLI scheme is also being closed quietly- Rahul Gandhi
Expressing deep concern over the government’s industry policy, Rahul Gandhi said that Prime Minister Modi has no new idea now. He also claimed that the PLI scheme which was discussed a lot about the scheme, is now being ended silently. Modi ji has now given up hope of increasing Indian industries.

“If India will not make it, it will only buy”
Rahul Gandhi warned that if India does not increase its construction capacity, then we will only become a market for other countries. He said that India now needs a fundamental change with honest reforms and financial support. Rahul Gandhi said, “We do not just have to be a market, but to become a producer. If we do not build here, we will always buy from those who do. The needles of the clock are going on fast.”

India’s manufacturing sector growth: This is good news for India on the domestic front of global uncertainty. In the month of April, the growth rate in India’s manufacturing sector has reached the highest level in the last 10 months. This is the highest increase in production after last year i.e. June 2024. During a monthly survey, its information was given on Friday.

In April, the seasonally adjusted ‘HSBC India Manufacturing Purchase Manager Index’ (PMI) increased to 58.2, which was 58.1 in March a month earlier. If the score under PMI remains above 50, then it is believed that the production has expanded, while the production is considered to decline if it remains below it.

Increased production

The recent improvement in production was seen due to the increase in new audience. Both domestic and international demands have helped in the growth of manufacturing sector. If the survey is to be believed, then the total sales have increased due to the increase in international demands. In response to the questions asked in this survey, the participants said that the highest increase in the new business from abroad has been seen in the beginning of 2025-26 in the last 14 years.

HSBC Chief Economist Pranjul Bhandari says that the new export order has seen growth in the month of April which is pointing to a change in production in India. This has increased employment and purchases. At the same time, strong demand for Indian goods abroad has helped companies pricate on the price front, which increased the selling fee significantly after October 2013.

Record high in 10 months

This was despite a slight increase in the cost of raw materials. The April figures were clear about strong optimism about the possibility of production in the coming year, which was inspired by the expectations of strengthening demand. Marketing efforts, increase in efficiency and new customer inquiries also emphasized positive forecasts. HSBC India Manufacturing PMI has been prepared by S&P Global on the basis of answers to questions sent to purchasing managers in a group of about 400 manufacturers.

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