2. IMPACT OF MAKE IN INDIA IN INADIAN
ECONOMY
STUDENT’S DETAILS
NAME- ABINASH MISHRA
CLASS- BBA
ROLL NO.- 20BBA-046
EXAM ROLL NO.- 9420B045
BHADRAK AUTO. COLLEGE
3. CONTENTS
INTRODUCTION
HISTORY
OBJECTIVES
IMPORTANCE
SECTOR IN FOCUS
ADVANTAGES AND DISADVANTAGES
IMPACT ON INDIAN ECONOMY
CONCLUSION
4. INTRODUCTION
(1)Make in India is an initiative of the government of India to encourage
multinational as well as domestic companies to manufacture their
products in India.
(2) It was launched by prime minister Narendra Modi on 25 September
2014.
5. HISTORY
Make in India" is an initiative launched by the Government of India on September 25, 2014,
with the aim of encouraging multinational companies to manufacture their products in
India, and to attract foreign direct investment (FDI) to boost economic growth
The initiative was launched by Prime Minister Narendra Modi with the goal of turning
India into a global manufacturing hub and creating jobs for the country's growing
population.
The "Make in India" campaign has identified 25 sectors in which India has the potential to
become a world leader, including automobile, aviation, defense, information technology,
biotechnology, pharmaceuticals, and renewable energy.
6. OBJECTIVES
The major objective behind this programme is to focus upon the heavy
industries, public enterprise which generating employment in India.
The programme is launched to facilitate investment;
1. To foster innovation
2. To enhance skill development
3. To protect intellectual property.
4. To build best in class manufacturing infrastructure.
7. IMPORTANCE
There are several reasons why the make in India initiative is important;
1. Boost the Indian economy.
2. Employment generation.
3. Promoting innovation and entrepreneurship.
4. Reducing dependency on imports .
5.Attracting foreign investment.
8. SECTORS IN FOCUS
• Railways
• Renewable Energy
• Roads and Highways
• Space
• Textile Garments
• Thermal Power
• Tourism and Hospitality
• Wellness
Systems
Food processing
IT and BPM
Leather
Media and Entertainment
• Mining
Oil and Gas
Pharmaceuticals
Ports
Automobiles
Automobile
components
Aviation
Biotechnology
Chemical
Construction
Defence
manufacturing
Electrical machinery
Electronic
9. ADVANTAGES AND
DISADVANTAGES
ADVANTAGES
1. Employment generation .
2. Improvement in area.
3. Good for GDP.
4. Rise in rupees value.
5.Growth of native product.
6.Technological development.
DISADVANTAGES
1.Impact on agriculture
2.Resource exploitation
3.Loss to small entrepreneur.
4.The loss of arable land
5.Losses to other sectors
10. IMPACT ON INDIAN ECONOMY
Boost to manufacturing sector: Make in India has helped in promoting domestic manufacturing and attracting
foreign direct investment (FDI) in the manufacturing sector. This has led to a significant increase in the country's
manufacturing output and created job opportunities.
Increase in FDI inflows: Make in India has led to a significant increase in foreign direct investment (FDI) inflows in
the manufacturing sector, which has further contributed to the growth of the Indian economy.
Focus on innovation and technology: Make in India has emphasized the need to focus on innovation and technology
in the manufacturing sector, which has helped in improving the quality of products manufactured in India and
made them globally competitive.
Improving Ease of Doing Business: Make in India has helped in improving the ease of doing business in India, by
simplifying regulations, streamlining procedures, and reducing bureaucratic hurdles. This has made India a more
attractive destination for foreign investors.
Diversification of manufacturing: Make in India has encouraged diversification of manufacturing in India, by
promoting the growth of new sectors such as defense manufacturing, aerospace, and renewable energy. This has
helped in reducing the country's dependence on a few sectors and ensured sustainable economic growth.
11. CONCLUSION
1. Make in India is lions step.
2. Make in India has come with lots of benefits and advantages for the
Indian economy. Due to this fact companies from across the globe making a
huge investment in Make in India project, and have thrived succefully,
making india a hub for the manufacturing companies