India's Grand Plan: Triple Exports by 2035, Become World's New Factory

• Modi government aims to make India the world's factory, targeting a tripling of exports by 2035.
• The strategy focuses on structural changes and reducing regulatory burdens rather than heavy spending, with a $1 billion investment for infrastructure.
• Prime Minister Narendra Modi's third attempt prioritizes manufacturing in 15 key sectors, including semiconductors, metals, and leather.
• A new government panel, the National Manufacturing Mission, will oversee funding, regulatory clearances, and land approvals for manufacturing hubs.
• The plan seeks to boost economic growth and increase annual merchandise exports to $1.3 trillion, addressing previous 'Make in India' challenges.

Why It Matters: India plans to become a global manufacturing hub by tripling exports through structural reforms and targeted investments.