Arun Jaitley today rejected RBI Governor Raghuram Rajan’s criticism of ‘Make in India’ programme. The Finance Minister said that the programme is about manufacturing of quality products at low costs and it was not relevant whether the products are sold in India.
“Whether Make in India is made for consumers within India or outside is not so relevant. The principle today says that consumers across the world like to purchase products which are cheaper and are of good quality. They hire services which are cheaper and good quality,” Jaitley said.
“India is different, and developing at a different time, and we should be agnostic about what will work.” Jaitley Said