Make in India: An initiative towards boosting economy
Journal Title: International Journal of Physical and Social Sciences (IJPSS) - Year 2017, Vol 7, Issue 5
Abstract
The manufacturing industry currently contributes just over 15% to the national GDP. The aim of this campaign “Make in India” is to grow this to a 25% contribution as seen with other developing nations of Asia. In the process, the government expects to generate jobs, attract much foreign direct investment, and transform India into a manufacturing hub preferred around the globe. The Prime Minister called for all those associated with the campaign, especially the entrepreneurs and the corporate, to step and discharge their duties as Indian nationals by First Developing India and for investors to endow the country with foreign direct Investments. The Prime Minister also promised that his administration would aid the investors by making India a pleasant experience and that his government considered overall development of the nation. He also laid a robust foundation for his vision of a technology-savvy Digital India as complementary to make in India. He stressed on the employment generation and poverty alleviation that would inevitably accompany the success of this campaign. The major objective behind the initiative is to focus on 25 sectors of the economy for job creation and skill enhancement. The initiative hopes to increase GDP growth and tax revenue. The initiative also aims at high quality standards and minimizing the impact on the environment. The initiative hopes to attract capital and technological investment in India. The campaign was designed by the Wieden +Kennedy (W+K) group which had previously worked on the Incredible India campaign and a campaign for the Indian Air Force.
Authors and Affiliations
Dr Vandana Tyagi (Principal)
Keywords
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