About a decade after the Modi government rolled out the ‘Make in India’ initiative – aimed at transforming the country into a global manufacturing hub – the results have fallen short of expectations. Indians are renouncing their citizenship in record numbers and sending money abroad more than ever before. This is despite Prime Minister Narendra Modi’s assurance that it is the best time to invest in India.

So what’s driving more and more people to give up Indian citizenship? Why are more Indians investing abroad? Is it “personal reasons” or socio-economic factors? This week, Pooja Prasanna breaks down the data and points to the reality of ‘Make in India’ and other aspects influencing this trend.

Watch.

In times of misinformation, you need news you can trust. We’ve got you covered. Subscribe to Newslaundry and power our work.

Jharkhand and Maharashtra are set to vote soon, and our teams will hit the ground. Contribute to our new NL Sena project today.