With US President Donald Trump reviving his tariff agenda and global supply chains under pressure, calls for bolstering domestic production through “Make in India” have resurfaced. Over the last decade, the Government has rolled out various initiatives, most notably the Production Linked Incentive (PLI) schemes, aimed at boosting manufacturing and creating a strong electronics ecosystem. While certain sectors such as smartphones have shown remarkable export growth, the broader manufacturing landscape does not tell an inspiring story.