2. 15-09-2022 2
Background
✔ Launched by PM Narendra Modi on 25 September 2014, “Make In India” campaign
comes under Ministry of Commerce and Industry.
✔ Make in India is an initiative by the Government of India to make and
encourage companies to develop, manufacture and assemble products made
in India and incentivize dedicated investments into manufacturing.
✔ The policy approach was to create a conducive environment for investments, develop a
modern and efficient infrastructure, and open up new sectors for foreign capital.
✔ The initiative targeted 25 economic sectors for job creation and skill enhancement and
aimed "to transform India into a global design and manufacturing export hub.“
3. Automobile
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● The Automobile industry in India is a significant driver of macroeconomic growth and
technological development.*
● The USD 118 bn Automobile industry is expected to reach USD 300 bn by 2026.
● India gets Asia’s longest and world’s fifth-longest High-Speed Track for automobiles.*
● India is projected to be the world's third-largest automotive market in terms of volume by
2026.
● India is the largest manufacturer of 2W and 3W and the 4th largest manufacturers of
passenger cars in the world.
● E-Amrit has been developed and hosted by NITI Aayog under a collaborative knowledge
exchange programme with the UK government and as part of the UK–India Joint
Roadmap 2030, signed by the Prime Ministers of the two countries. E-Amrit is a one-stop
destination for all information on electric vehicles—busting myths around the adoption of
EVs, their purchase, investment opportunities, policies, subsidies, etc.
4. Space
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● India’s space program stands out as one of the most cost-effective in the world. India has earned worldwide
recognition for launching lunar probes, building satellites, ferrying foreign satellites up and has even
succeeded in reaching Mars.
● From 1999 till December 2021, a total of 342 foreign satellites from 34 countries have been successfully
launched on board Indian Polar satellite Launch Vehicle (PSLV) on a commercial basis.
● Total number of 27 satellite missions and 25 launch vehicle missions were successfully accomplished
during the five years (i.e., April 2016 – March 2021).
● India's first interplanetary mission to "Mars Orbiter Mission (MOM)" successfully completed 5 years in the
orbit of Mars in September 2019.
5. Tourism and Hospitality
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● Tourism is the third largest foreign exchange earner for the country. The Foreign Exchange Earnings (FEE),
from the Tourism industry in India, stood at USD 28.585 Bn in 2018.
● Globally, India is also the 3rd largest in terms of investment in travel & tourism with an investment of USD
45.7 Bn in 2018. *
● India has a diverse portfolio of niche tourism products which includes cruises, adventure, medical, wellness,
sports such as Golf and Polo, MICE (meetings, incentives, conferencing, exhibitions), eco-tourism, film,
rural and religious tourism.
● 5th September 2022: India’s first-ever "Night Sky Sanctuary" to be set up in Ladakh to boost Astro
Tourism in India.
● 4th August 2022: Ministry of Tourism under its Swadesh Darshan Scheme has sanctioned 76 projects
for INR 5399.15 crores for development of tourism infrastructure in the country.
6. Railways
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● Indian Railways is the single largest employer in India and eighth largest in the world; employing close to 1.3
Mn people.
● The Indian Railways aims to be the driver of India’s economic growth and development by being safe,
financially viable and environmentally friendly. The focus to achieve this goal is through the resolution of key
concerns such as passenger experience, zero fatality, cost, sustainability.
● Under MAKE IN INDIA initiative, As per DPIIT orders on public procurement: More than 95% of Electric
Locomotive components to be sourced indigenously.
● The semi-high speed (160 kmph) self-propelled “Train 18” has been manufactured in India.
● Cabinet approves policy on long term leasing of Railways Land for implementing PM Gati Shakti framework.
7. Media and Entertainment
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● In pursuance of the announcement made in the Union Budget 2022-23, an Animation, Visual Effects, Gaming
and Comics (AVGC) Promotion Task Force has been constituted to promote the AVGC sector in the country
under the aegis of Ministry of Information and Broadcasting.
● Department of Telecom issues SOP to ensure greater levels of standardization, efficiency as well as
transparency and accountability in the deduction verification process.
● GOI has launched the “GatiShakti Sanchar” portal for Centralised Right of Way (RoW) approvals
(www.sugamsanchar.gov.in) with the aim to create a backbone of infrastructure by facilitating smooth and
efficient deployment of Digital Communications Infrastructure across the country.
● Cabinet approves Auction of IMT/5G Spectrum. The 5G test bed setup in 8 top technology institutes of India is
speeding up the launch of domestic 5G technology in India
8. Ease of Doing Business Initiatives : Centre
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1. Permanent Account Number (PAN), Tax Deduction & Collection Account Number (TAN), Director
Identification Number (DIN) have now been merged into a single form (SPICe) for company incorporation.8
2. Elimination of incorporation fee for companies with an authorised capital of up to Rs. 15 Lakh.
3. Reduction of corporate tax from 30% to 25% for mid-sized companies.
4. Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI) is a geographically
unified electronic registry that provides for registration by asset type. Since 2017, CERSAI also provides
search through debtor's name.
5. The number of mandatory documents required for customs purposes, for both import and export of goods,
has been reduced to three.
9. Ease of Doing Business Initiatives : State
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The highlights of State Reforms Action Plan 2020 are
• ‘Investment enablers’ - To incorporate reforms related to ‘Access to information and transparency, ‘Online
Single Window System And more.
• Single Window system- To enable the single window system including online submission of application,
payment of application fee and many more
• Sectoral reforms pertaining to sectors like Tourism, Telecom, Hospitality, Trade License, Healthcare, Legal
Metrology, Cinema Halls and Movie shooting.
• Public procurement has been introduced first time by the Industries department in this year’s Action Plan.
• Reforms related to ‘elimination of the requirements of renewals of certificates/ approvals/ licenses’ and
‘implementation of computerized central random inspection system’.
10. FDI
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● According to the World Investment Report released by the United Nations Conference on Trade and
Development (UNCTAD), India remained among the top 10 (India rank: 7) global economies for FDI 2021.
● India has attracted the highest ever total FDI inflow of USD 81.72 bn during the financial year 2020-21 and it is
10% higher as compared to the last financial year 2019-20 (USD 74.39 bn).
● FDI equity inflow grew by 19% in the F.Y. 2020-21 (USD 59.64 bn) compared to the previous year F.Y. 2019-20
(USD 49.98 bn).
● ‘Computer Software & Hardware’ has emerged as the top sector during F.Y. 2020-21 with around 44% share of
the total FDI Equity inflow followed by Construction (Infrastructure) Activities (13%) and Services Sector (8%)
respectively.
● FDI across sectors is permitted either through the Automatic route or Government route.
● Under the Automatic Route, the non-resident or Indian company does not require any approval from the
Government of India.
● Whereas, under the Government route, approval from the Government of India is required prior to investment.
Proposals for foreign investment under the Government route are considered by the respective Administrative
Ministry/Department.
11. Expectations/Future Trends/Conclusion
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● Top 5 sectors receiving highest FDI Equity Inflow during FY 2021-22 are Computer Software & Hardware (24.60%),
Services Sector (Fin., Banking, Insurance, Non Fin/Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis, Other)
(12.13%), Automobile Industry (11.89%), Trading 7.72% and Construction (Infrastructure) Activities (5.52%).
● Top 5 States receiving highest FDI Equity Inflow during FY 2021-22 are Karnataka (37.55%), Maharashtra (26.26%), Delhi
(13.93%), Tamil Nadu (5.10%) and Haryana (4.76%).
● Major FDI policy reforms have been made in a number of sectors, such as defence, construction development, pensions,
broadcasting, pharmaceutical and civil aviation.
● Barring a few reserved sectors, 100% FDI is allowed through the automatic route in several sectors, without the need of
government approval, namely Automobile, Food Processing, Construction etc.
● Hon'ble Finance Minister Smt Nirmala Sitharaman announced the National Infrastructure Pipeline to provide world-class
infrastructure in the country.
● The NIP will facilitate investments in the infrastructure sector and will be crucial for attaining the target of USD 5 tn
economy by FY 2025.
