Economics Art Integrated Learning - Make In India.pptx
1. St. Joseph’s Convent Sr. Sec. School, Sagar, M.P.
2020-21
Art Integrated Learning
Subject : Economics (030)
Topic : Make In India
[UNIT 10: EMPLOYMENT & UNEMPLOYMENT]
[MACROECONOMICS]
2. Index
1. Introduction
2. Objectives
3. Impacts
4. Advantage & Disadvantages
5. Countries Making Big in India
6. Current Events
7. Collage
8. Conclusion
2
5. Make In India
• Make in India, a type of Swadeshi movement covering 25 sectors of the
economy, was launched by the Prime Minister of India Mr. Narendra Modi on 25
September 2014 to encourage companies to manufacture their products in
India and enthuse with dedicated investments into manufacturing.
• As a strategy it is the road map to respond to glocal(global + local) challenges
through preparations for a World class manufacturing status & knowledge
infrastructure that should create further knowledge for stepping on to global
competitiveness.
7. Why Make In India?
• Ultimate objective is to make India a renowned manufacturing hub for key sectors.
Companies across the globe would be invited to make investment and setup factories and
expand their facilities in India.
• Using India's highly talented and skilled manpower to create world class zero defect
products.
• The purpose of Make in India Campaign:
• Job Creation
• Economic Development
• Global Recognition
7
11. Objectives Of Make In India
▫ The major objective behind this programmes is to focus upon the
heavy industries, public enterprises which generating employment in
India.
▫ The programme is launched to facilitate investment.
▫ To Foster innovation.
▫ To enhance skill development.
▫ To protect intlectual property.
▫ To build best in class manufacturing infrastructure.
11
12. Objectives Of Make In India
▫ To enhance the growth of the manufacturing sector of India by 12-14%
annually.
▫ To create 100 million additional manufacturing jobs in the Indian economy by
2022.
▫ To ensure the contribution of the manufacturing sector in GDP is increased by
25% by 2022.
The direct impact of the Make in India movement was seen when World Bank in
2019 acknowledges India’s jump of 23 positions against its rank of 100 in 2017
to be replaced now by 63rd rank among 190 countries.
12
15. Impacts of Make In India
15
▫ The main focus of Make in India Campaign is mainly on 25 sectors. These were:
▫ IT and BPM
▫ Roads and highways
▫ Aviation
▫ Leather Space
▫ Biotechnology
▫ Media & Entertainment
▫ Textiles and garments
▫ Chemicals
▫ Mining
▫ Thermal power
▫ Construction
▫ Oil and gas
▫ Tourism, Hospitality
▫ Defense manufacturing
▫ Pharmaceuticals
▫ Wellness
▫ Ports
▫ Electronic system
▫ Railways
▫ Electrical machinery
16. Impacts of Make In India
16
▫ Almost every sector is capital-intensive and demands a lot of skill. So, with the more and
more investment in these sectors, the main focus will be on increasing employment and
the use of advanced technology.
▫ It creates a policy framework to ease foreign investment, ease of business and
management of intellectual property. This helps industries to establish their
manufacturing bases in India.. Exports from such industries help in contributing to our
foreign exchange reserve.
▫ Most importantly, such an initiative helps bring critical knowledge about manufacturing
and production into the Indian population. This initiative, by Mr. Modi is literally inviting
the rich and semi-rich countries to step in India and invest their money for the future of
India.
19. Advantages of Make In India
▫ At present India has a large workforce to cater to the needs of foreign investors.
Skilled labour is easily available in our country because of the high rates of
unemployment.
▫ All these factors have developed India as an outsourcing hub of the world.
▫ Numerous measures focusing on the ease of doing business in India have been
launched under the Make in India program.
▫ This initiative of the government is helping in skill development, driving foreign
investment, encouraging innovations and above all providing employment to the
unemployed youth of the nation.
19
20. ▫ Some of the achievements under Make in India initiative
▫ Foreign Direct Investment (FDI)
The Government of India amended the FDI policy in 2014 to increase the FDI
inflow. The government increased the foreign investment upper limit from 26% to
49% in insurance sector.
▫ Ease of Doing Business
Recently India climbed 14 ranks in the World Bank’s annual report on Ease of
Doing Business, ‘Doing Business 2020.
▫ It would strengthen the value of India rupee against the domination of the
American dollar.
▫ This campaign will ensure definite growth and valuable employment
construction in the country.
▫ It will provide advantages to both the investors and our country.
▫ This campaign will help Indian GDP growth.
20
21. 1. Negligence of Agriculture
2. Depletion of Natural Resources
3. Loss for Small Entrepreneurs
4. Disruption of Land
5. Manufacturing based Economy
6. Interest in International Brands
7. Pollution
8. Bad Relations with China
21
Disadvantages of Make In India
25. 25
Countries Making Big In India
• UNITED STATES
India and America have had strong business relations over the many years and several American
companies are fulfilling the indispensable needs of the Indian market. From searching online
through Google to drinking Coca Cola, or using the latest I-phones by Apple, the Indian consumer
is, by and large, a dedicated follower of American companies. American companies are preparing
to set up an alternative to China by investing in India.1 Some renowned American companies are
Amazon, Citibank, Coca-Cola, Ford India, Google, American Express, Pepsico, Hewlett Packard,
IBM, JP Morgan Chase, Adobe Systems Incorporated, Apple Inc., Microsoft Corporation,
Cognizant, Oracle.
26. 26
Countries Making Big In India
• JAPAN
Holding the baton in automobiles and electronics sector, Japanese companies were amongst the 1st ones
to enter India. An incredible 1,305 Japanese companies are registered in India. Japan and India share
strong ties, as India seeks Japanese expertise in sectors such as infrastructure, energy and
manufacturing. India-Japan Cooperation Act East Forum, established in 2017 has been a driving force to
advance India-Japan cooperation.1 Japanese companies have a huge opportunity in India and since years
Japan is dominating the Indian market through brands like Suzuki, Honda, Sony and Panasonic etc. Japan
proposes to triple infrastructure orders to about US$300 bn by 2020.2 A few big Japanese companies are
Hitachi, Mitsubishi, Toshiba, Canon, Toyota, Yamaha, Panasonic, Honda, Sony, Suzuki.
27. 27
Countries Making Big In India
• UNITED ARAB EMIRATES
India has strong bilateral ties in the middle east, especially with the United Arab Emirates. Cumulative foreign
direct investment (FDI) equity flows from UAE into India reached US$898 mn in 2018-2019.1 In a recent
development, Abu Dhabi Investment Authority (ADIA) announced its decision to invest US$ 1 bn in the National
Investment & Infrastructure Fund, India’s attempt to raise equity funds for the infrastructure sector. The United
Arab Emirates (UAE) intends to use India as a food security base and plans to invest in its agriculture sector. More
specifically, the UAE plans to increase its imports of Indian food grains and horticulture products. UAE has already
launched talks with various state governments for this purpose. Some key companies functioning in India include
Emaar, DP World, Abu Dhabi’s National Petroleum Construction Company, Abu Dhabi National Energy Company,
Drake and Scull International..
28. 28
Countries Making Big In India
• GERMANY
Indo-German trade story dates back to the 16th century when the German companies started manufacturing in
India. Some notable names are Krupp AG & Demag, who set-up the Rourkela Steel plant, while, Bosch set-up its
1st unit to make spark plugs in 1953, followed by Siemens, Bayer, Daimler-Benz, etc. India has more than 1,600
German companies and over 600 Indo-German joint ventures in operation which include big names like, BMW,
Volkswagen, SAP, Siemens AG, and Merck. FDI from Germany has increased more than 41% from 2013-14 and
has reached a cumulative amount of US$ 4.50 bn till 2017-18.1 Government of India is seeking investments from
German companies in areas including smart cities and construction of airports to increase economic cooperation
between themselves
29. 29
Countries Making Big In India
• FRANCE
Increase trade in goods to US$ 16.7 bn by 2022. To encourage SMEs and mid-cap companies, to play a growing
role in the economic and commercial exchanges between the two countries. Promote Make-in-India initiative for
Indian and French defence enterprises to enter into arrangements for co-development and co-production of
defence equipment in India. Scorpene submarine; Defence Research and Development Organisation (DRDO) and
SAFRAN discussions; Rafale are some prospects being aggressively considered
31. 31
Current Events
• Atmanirbhar Bharat: Delhi Metro and Central Electronics Limited recently signed a Memorandum of
Understanding for developing various indigenous rail engineering and system technologies.
• Atmanirbhar Bharat: The agreement is signed with Bharat Electronics Limited for developing indigenous
platform screen doors in the Delhi-Meerut regional rapid transit system.
• Dish TV India has announced it has shifted the production of its set-top boxes (STBs) to India. This comes as a
demonstration of commitment to the Indian government’s ‘Make in India’ initiative.
• Tata Sky has tied up with Technicolor in order to develop set-top boxes for the Indian market that will be
manufactured and distributed within the country.
• India's latest set of incentives to entice businesses moving away from China seem to be working, with
companies from Samsung Electronics Co to Apple Inc's assembly partners showing interest in investing in the
country.
• Union Home Minister Amit Shah on Saturday reiterated Prime Minister Narendra Modi's vision of "Vocal For
Local" saying that people should now make it the mantra of their lives and move towards Make in India as well
as Make for World.
• Prime Minister Narendra Modi unfurled the national flag and delivered his seventh consecutive Independence
Day speech from the iconic Red Fort this morning.
36. Conclusion
36
Make in India initiative focuses on enhancing skill development, build manufacturing
infrastructure and make India a global manufacturing hub. This scheme launched by the
government intends to attract investments from across the globe and create
employment opportunities for the youth of the country. There are about twenty-five
sectors of Make in India initiative that needs to be promoted to cater to the needs and
demands of foreign investors. All in all, this is an excellent initiative taken by the
government of India which is aiming at the overall development of the nation. However,
there is a need to reform the labour laws, curb corruption and remove bureaucracy from
the country to make India more feasible to invest in and start a new business.
37. 37
Bibliography
▫ Times Of India
▫ Indian Economic Development by
V.K. Ohri
▫ www.MakeInIndia.com
▫ Google
![St. Joseph’s Convent Sr. Sec. School, Sagar, M.P.
2020-21
Art Integrated Learning
Subject : Economics (030)
Topic : Make In India
[UNIT 10: EMPLOYMENT & UNEMPLOYMENT]
[MACROECONOMICS]](https://image.slidesharecdn.com/12ceconomicsartintegratedlearning-makeinindia-240427085644-3b2ac72d/85/Economics-Art-Integrated-Learning-Make-In-India-pptx-1-320.jpg)
