MAKE IN INDIA: JOURNEY SO FAR
Mr. Aditya Sharma
“Make in India “ program has launched by Prime Minister Narendra Modi in Vigyan Bhawan where 3000 Business man ,CEO of leading companies from 30 Companies were present is an impressive effort to boost and encourage to boost investor confidence in the country as well as global recognition to the Indian economy. Manufacturing Sector provides share is very less in comparison to service sector. Government is focusing to increase this share. The major objective behind the initiative is to focus 25 Sectors (Annexure 1)of the economy for job creation and skills enhancement. Cheap labor, availability of raw material ,potential high profit making ,liberal industrial policy will help Indian government to make success this Programme while India ‘s rank is not up to mark in easy of doing business in India, land acquisitions bill, goods and service tax, labor laws, unsupported infrastructure and many other factors are biggest hurdle in the success of this programme.jobs in the economy are decreasing, high inflation and high interest rate and global slowdown are the major challenges in front of the it. The main objective behind this paper is to highlight that will make in India make jobs as well as how this Programme will face many challenges.
KEY WORDS: Make in India, Economy, Government, Policy, Economic growth