IS SCHEME FAILED FOR INDIANS
BY : NEHA SHAHAB
THE MAKE IN INDIA INITIATIVE LAUNCHED BY THE GOVERNMENT OF INDIA ON 25 SEPTEMBER 2014 BY OUR HONORABLE PRIME MINISTER MR. NARENDRA MODI.
THE INITIATIVE IS FOCUSED ON BOOSTING UP THE DOMESTIC AND MANUFACTURING SECTOR OF INDIA. THIS POLICY PROMISES THAT BOTH THE DOMESTIC AND INTERNATIONAL INVESTORS GET THE PERFECT ENVIRONMENT TO INVEST AND TURN INDIA INTO A MANUFACTURING HUB. IT IS ALSO FOCUSES ON JOB CREATION IN THE COUNTRY PRIMARILY IN MANUFACTURING RELATED SECTORS.
THE THREE STATED OBJECTIVES :
1. TO INCREASE THE MANUFACTURING SECTOR GROWTH RATE OF INDIAN TO 12 TO 14 PER ANNUM.
2. THE CREATION OF 100 MILLION JOBS ADDITIONAL MANUFACTURING JOBS IN THE ECONOMY BY 2022.
3. TO MAKE SURE THAT THE MANUFACTURING SECTOR CONTRIBUTION TO GDP IS INCREASED TO 25% BY 2022
HERE ARE SOME FACTS OF MAKE IN INDIA IS A SUCCESS OR FAILURE:
- THE SCHEME IS FAILED TO INCREASE THE MANUFACTURING SECTORS CONTRIBUTION TO GDP TO 25% . THE TARGET IS NOW POSTPONED BY 2022.
- THE INVESTMENT BY FOREIGN THROUGH FDI ARE NOT AS EXPECTED AT THE TIME OF THE LAUNCH OF SCHEME
- EVEN THOUGH MANY JOBS ARE BEING CREATED DUE TO AMBITIOUS MAKE IN INDIA PROJECTS , STILL THEY ARE NIT GAME CHANGERS AS IT WAS EXPECTED.
- THE GLOBAL EXPECT OF INDIA IS AROUND 2% WHICH IS FAR LESS THAN THE COMPETITOR CHINA WHICH IS AROUND 18%..
