Introducing Mc Pro's 'Make in India Index'

In an effort to boost economic growth and promote domestic manufacturing, Government has announced several schemes.

Post the COVID-19 disruptions and heightened geopolitical tension, developed economies are increasingly looking for a backup to China for their manufacturing requirements, a strategy widely termed as ‘China plus one’. In that context, India has been aggressively pitching itself as a very strong alternative to Chinese manufacturing.

In an effort to boost economic growth and promote domestic manufacturing, Government has announced several schemes. Through these policies and initiatives, the government aims to reduce India’s dependence on China for imports and put the country on the world map as a global manufacturing hub.

While successful implementation of these schemes remains critical, sectors like consumer durables and white goods, defence, renewables, chemical and pharmaceuticals are likely to be at the forefront of the ‘Atmanirbhar Bharat’ drive.

To help investors in their wealth creation journey, the MC PRO Research team has designed a ‘Make in India Index’ comprising 14 well researched large and mid-cap stocks that stand to benefit from this structural multi-year trend. Various quantitative and qualitative metrics, such as business fundamentals, competitive landscape, stock valuation, market size, have been considered for the stock selection and weightage.

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