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Make in india challenges and prospects

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it gives an idea about the challanges that have to face India to achieve the lomg term bebfits of Make In India campaign.

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Make in india challenges and prospects

  1. 1. CHALLENGES ANDPROSPECTS
  2. 2. CONTENTS 1) Prospects • Job creation • Infrastructure development • Skill development • Foreign investment • Demographic dividend • High demand • Stable economy 2) Challenges • Low level infrastructure • Labour laws • Red tags • Lack of modern technologies • Corporate tax • Competitions other nations • Land laws
  3. 3. MAKE IN INDIA - Initiative • Prime Minister Narendra Modi launched the Make in India programme on 25 September 2014. • It focus on job creation in 25 sectors of the economy. • The initiative hopes to attract capital and technological investment in India. • The growth in manufacturing sector will be an accelerator for growth and development of the nation. • The current datas show that India is growing faster than any other developed nation.
  4. 4. The 25 industries comes under make in India
  5. 5. PROSPECTS • As a part of the job creation government will take initiative to the skill enhancement of the people. • India has a strong culture that values education and knowledge thus we have a large English speaking smart skilled workforce. • India have a large number of young blood who are eligible for employment. • India’s consumer diversity makes it the ideal test bed for all kinds of consumer goods and we have a strong domestic consumption in every possible consumer segment. • India is the only country in the world which offers the unique combination of democracy, demography, and demand from a rising middle class.
  6. 6. PROSPECTS • Aims at high quality standards and minimising the impact on the environment in every industrial activities. • Multi national companies can build their production units in India with relaxation in procedures. • The present situation in the Indian politics and economy is comparatively stable. • 25 industrial sectors are open for foreign investment.
  7. 7. CHALLENGES • India being ranked low on the ‘ease of doing business’ ranking by World Bank • Increase in costs of production in India due to various government policies, procedures, regulations and the way some of the laws are implemented. • With demand in developed nations slowing, there simply may not be enough customers for Indian-made goods, no matter how cheap. • Markets for four critical inputs for manufacturing, or indeed any business - land, labour, power and capital are badly distorted.
  8. 8. CHALLENGES • LOW LEVEL INFRASTRUCTURE • India is growing nation but we doesn’t have a strong infrastructure for industrial development. • India will have to face the competition from China and other nations who promote industrial growth . • LACK OF MODERN TECHNOLOGIES • We are lacking to adopt the modern technologies due to capital deficiency.
  9. 9. CHALLENGES • LABOUR LAWS • Rigid labour laws • Policies does not allow hire and fire labour policy • We need high quality jobs • LAND LAWS • Acquisition costly as well as tedious. • A land acquisition policy which would make acquisition much easier along with an attractive compensation package. • CORPORATE TAX • Corporate tax in India is 33%, which is comparatively higher than other nations.
  10. 10. CHALLENGES • RED TAGS • The producer or the investor have to go many offices for the sanction of their project.
  11. 11. What do we really want ? Sustainability - Short, Medium & Long Term Principle of Co-Existence with Nature Innovations and Creativity Gainful Productive Employment Dignity of Labour & Equality Self Reliance, Sovereignty & Leadership Export Surplus Nation
  12. 12. THANK YOU PRESENTED BY GEORGI MATHEW VARUGHESE AND JACOB ZACHARIAH ST. THOMAS COLLEGE, KOZHENCHERRTY, PATHNAMTHITTA
  • AyushKumarGupta12

    Aug. 24, 2021
  • PaRthTyaGi8

    Jan. 12, 2021
  • PrathameshShinde25

    Oct. 14, 2019

it gives an idea about the challanges that have to face India to achieve the lomg term bebfits of Make In India campaign.

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