India is the world’s faster growing major economy. I would emphasis the fact that manufacturing activity creates a large number of jobs. Make in India is an initiative to encourage manufacturers building a worldclass industrial setup in country.
If you see from an investors point of view, you would observe the hidden potential stored in form of young population. India can be a global powerhouse, skilled workforce is a boon for this populous country.
Make in India for New India
The prime minister often talks about New India – The India of dreams. It’s really not possible to create an ideal nation without Make in India project. The youth need jobs with better opportunities, entrepreneurs needs investment friendly environment and India as a nation desperately needs homegrown manufacturing support. Make in India satisfies all mentioned requirements.
The economy was under great distress when we took over in 2014. We had to make decisions without losing time. India is yet to achieve economic potential it deserves.
Indian government has been continuously rooting for job creation in the organized & unorganized sector. A government’s performance can be measured through a number jobs it creates during tenure.
Make in India associates with the Startup India & Skill India. The sole purpose of Make in India is to create an independent economy for country. Amidst the global economic slowdown India is not here just for survival, India must thrive to ensure the maximum advantage of being world’s largest democratic market.
Make for India
Make in India is much more than a slogan. The Prime Minister was keen to analyse the strengths and weaknesses of Indian economy. At the end, it was clear that India needs its own an economy model. We can’t implement a mixture of western economic models, we had to create our own.
We analysed the aspects of Indian market. Certainly, the needs of Indian consumers would be different from US consumers. In this situation, we cannot impose an American economic model at Indian shores.
Agriculture is the primary source of income for majority population. There was a need to integrate farmers in Make in India movement. Make in India helps to boost agriculture production that results in good income for farmers.
Now, the Government is also planning to boost agricultural entrepreneurship. Agriculture startups would create a large number of jobs. Farm production will increase significantly, this will also reduce soil degradation.
The Government has been working to strengthen connectivity for transportation. Good connectivity makes efficient transport possible. Towns and villages are having access to the national highway. Over the years industrial growth has increased in multiple folds.
Indian Prime Minister’s business friendly approach is admirable. He would largely address startups, and not just industrial houses. We have seen numerous reforms with swift implementation, and this will continue.
India is on a long journey, and it’s absolutely foolish to expect long-term results in quick successions. In the first term, we had to create a strong policy foundation which we did successfully. We have seen a great image makeover of Indian economy. From the bottom 5 to top 5, we have changed country’s economy in last five years.
Make in India is a spirit of every Indian who wants to contribute in this nation building process. Let’s join hands to build the India of dreams.