GROWTH OF INDIGENOUS DEFENCE MANUFACTURING UNDER MAKE IN INDIA


Brig Naveen Rathi. PhD, Ms. Muskan Rathi
., .
Abstract
Ongoing Tariff war and display of strength by US has once again highlighted the importance of manufacturing sector in making a country self-reliant and ensure its democratic freedom. Some of the richest countries in the world such as England in the 19th century, US, USSR, Germany, Japan in 20th century and recent phenomena like China and South Korea have grown their economy by focusing on the manufacturing sector. At the same time since independence in India there have been two revolutions in the manufacturing sector firstly adoption of public enterprise-based mixed economy and secondly liberalization of Indian markets in 1991. Both these policies contributed to building a strong manufacturing base but remained limited to few sectors only e.g. Space, steel, cement, fertilizers, pharmaceuticals etc. By the end of 2023, the Indian economy reached a GDP of US$ 3.73 trillion. As per the Economic Survey of India 2022-23 the service sector accounts for 50% to India's GDP and manufacturing sector share is only around 17% to GDP . Due to this dismal performance in manufacturing India is not regarded as a global manufacturing giant. The Make in India initiative, launched in 2014 by Hon’ble Prime Minister, seeks to promote domestic manufacturing across various sectors, including defence. The flagship initiative aims to transform India into a global manufacturing hub and reduce dependency on foreign arms imports.
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Journal Name :
EPRA International Journal of Research & Development (IJRD)

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Published on : 2025-04-23

Vol : 10
Issue : 4
Month : April
Year : 2025
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