Prime Minister Narendra Modi had made one of the first big the announcement as the Make in India campaign from the ramparts of the Red Fort in August 2014, three month after his government came to power at the centre.
The move caught the imagination of domestic and international investors and under the Make in India umbrella several reforms were taken forward including opening up foreign direct investments as well as giving a push to the ease of doing business.
However, the initial euphoria has waned as is evident from the plateauing of foreign direct flows.