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Dr R L Poonguzhali

(Bharathidasan University, Trichy)

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Make in india : industrial production

Author : Dr.r.l.poonguzhali

Keyword : Fdi, industrial production, infrastructure, make in india.

Subject : Economics

Article Type : Review article

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Abstract : Make in India is aimed at making India a manufacturing hub and economic transformation while eliminating the unnecessary laws and regulations, making bureaucratic processes easier, making the government more transparent, responsive and accountable and to take manufacturing growth to 10% on a sustainable basis. “Make in India '' programmer is basically launched to boost the manufacturing sector which is in a very bad shape over the past 3 decades. Economic theories and empirical studies have postulated that manufacturing is the main engine of growth in an economy. In order 10 develop India into a global manufacturing giant, the NDA Government unveiled the national program of 'Make in India' last year with an aim to facilitate investments, foster innovation and build the best in class manufacturing infrastructure . Host countries will not be able to capture the full benefits associated with FDI until they reach a certain threshold level in terms of educational attainment, provision of infrastructure services, local technological capabilities and the development of local financial markets in sale of products in India. Igniting the manufacturing sector is the key to kick-start a virtuous cycle of higher economic growth in India. Manufacturing sector has for long been the Achilles heel of our economy. The contribution of manufacturing to India's GDP has largely been stagnant at 15.5% over the last 35years and its contribution to India's export basket remains meager vis-à-vis offshore competitors. Make in India was launched by Prime Minister, Narendra Modi on 25 September 2014, to encourage companies to manufacture their products in India. He has launched this ambitious campaign with an aim to turn the country into a global manufacturing hub.

Article by : Dr R L Poonguzhali

Article add date : 2021-08-01


How to cite : Dr.r.l.poonguzhali. (2021-August-01). Make in india : industrial production. retrieved from https://www.openacessjournal.com/abstract/795

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