Whether Make in India is made for consumers within India or consumers outside, is not so relevant, Jaitley said.
Finance Minister Arun Jaitley has said that radical steps needed to be taken to boost manufacturing in the country.
"Manufacturing is where the jobs are," Jaitley said at a public event, adding the sector had the potential to grow at 13-14 percent.
He said the entry point into manufacturing had to be eased to be able to create more jobs.
Referring to RBI Governor Raghuram Rajan's remark that the Make in India campaign should be targeted more towards domestic demand and not so much the export market, Jaitley said: "Whether Make in India is made for consumers within India or consumers outside, is not so relevant. The principle today is that consumers across the world like to buy products that are cheaper and of good quality."
Jaitley said growth in FY16 would be better than that in this fiscal.
Earlier, he told mediapersons that that the suggestions made by the finance ministers of various states would be considered while formulating policies in the Budget.
"Some state FMs even requested that the FRBM limit (Fiscal Responsibility and Budget Management) be raised this year in order to infuse liquidity in the market," Jaitley told reporter.
"Most states also wanted centralisation of the CSS (centrally sponsored schemes) so that they could be more attuned to the state requirements.
Several states made suggestions with regards to state specific issues. We will consider all these suggestions while formulating our policies in relation to the Budget," Jaitley said.
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