There is a distinctive buzz about Prime Minister Modi’s new campaign for “Make in India”. The thrust is to increase share of manufacturing from the current level of 15 per cent of Gross Domestic Product (GDP) to 25 per cent and create additional employment opportunity of ten million per year. This has led a few cynics to observe that, “There is a lot of sizzle but where is the steak?” Columnists such as Swaminathan Iyer are of the view that “Make in India” is only an outcome and not a policy while Governor of RBI Raghuram Rajan is of the view that the government is putting too much of thrust on export-led growth and should give primacy to “Make for India”. Discerning writers such as Debasis Basu however, feel that what is germane to the debate is the “cost of doing business” in India. "Unfortunately we are an importing country as far as medical devices go, with our domestic industry accounting for 2% of the global industry which stands at $250 billion. This is what we are aiming to change over the next five years under the leadership of Prime Minister Narendra bhai Modi as we align with his vision to 'Make in India,'" said union minister Ananth Kumar, according to Indian news outlet The Economic Times.