Challenges to manufacturing sector to make ‘ MAKE IN INDIA ‘ mission successful.
Journal Title: Advance Research Journal of Multidisciplinary Discoveries - Year 2017, Vol 19, Issue 19
Abstract
Make in India is the best innovative idea to create a huge foreign investment for the country. The initiative taken to create the job opportunities and increase the Gross Domestic Product of the country and competition in the developing world. Make in India is proposed to make India a manufacturing hub of the world. The idea is to increase the involvement of the manufacturing sector to India’s GDP. The paper also focuses on the challenges of Make in India Campaign and the strategies which can be used to make the Make in India Campaign successful. We wish to analyze how this campaign can improve upon the present conditions of manufacturing sector as well as for India. Make in India is the key to revitalization of Indian economy. It is one of the schemes to pull back the economy from clutches of recession. Make in India initiative aims to correct the composition of Indian GDP which is the root cause of recession. Currently India’s GDP is heavily tilted in favour of service sector. Manufacturing sector of a country plays a major role in the growth of an economy. The development of this sector is an indicator of the economic strength of a country. It helps in raising productivity, generating employment and also supports other sectors of the economy. There are miles and ‘miles to go’ before celebrating the success of this campaign as there are huge obstacles that need to be overcome like simplifying the stringent laws and regulations, introducing the transparency in the process, building the best infrastructure, reforming labour laws, improving labour skill, etc
Authors and Affiliations
Mr. Sangram Padhy
Keywords
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