123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Why ‘make In India’ Is A Good Social Movement To Support?

Profile Picture
By Author: Satjit Kumar
Total Articles: 30
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The ‘Make in India’ initiative was launched by the Indian Prime Minister Narendra Modi in 2014 to encourage and promote manufacturing and production in India as a way to enhance the economic prospects of the country.

The ‘Make in India’ can only work if manufacturers, retailers, and consumers all support this initiative. While for government purchasing, national leadership can push it. But at the ground level, the bureaucrats need to support it. This support is a social movement.
Similarly, manufacturers who have got used to importing from China and labeling their brand names including many big manufacturing companies should also support the social movement by manufacturing in India. Finally, unless the customer gives preference for Indian manufactured products, the retailers may keep pushing Chinese manufactured products. All these require a social movement in supporting the ‘Make in India’ initiative.

The goal was to encourage more and more investments in a way range of sectors and manufacture products in India so that it can lead to the creation of new jobs. One of the driving factors that led to the success of Narendra Modi’s campaign for winning the election was that he promised new jobs for a large number of people all across India. The Make in India movement was a step in that direction and it meant to improve the value of people living in this country as a whole.

Both manufacturing and services sectors were meant to benefit from this aggressive investment and development. The main sectors in which the investments were slated to be made include Information Technology, automobile manufacturing, tourism and hospitality, biotechnology, designing and manufacturing sectors, chemical industry, pharmaceutical industry, renewable energy, electronics, textile, and mining just to name a few. Eventually, this led to major investment moves being made by investors within the country as well as from other parts of the globe. The foreign direct investments (FDI) that were carried out in India also surpassed those of the United States and China. In due course of time, numerous states also started to launch their investment initiatives. In a way, the Make in India movement became one of a kind effort by the government to change the economic landscape of the country.

It is important to note that factory production has been going on in India for a long time and the idea is technically nothing new. However, what is new is an organized and aggressive approach to try and change the economy and improve the prospects of people who are working in several sectors. The initiative was also to convert India into a truly global hub for all kinds of manufacturing activities. Multiple strategies and goals were highlighted to achieve these targets so that the investment approaches can generate the best results. One of the main goals was to boost the progress rate of the manufacturing sector to about 12% to 14% per annum so that it can contribute more to the economic advancement of the country. The initiative was also envisioned to create 100 million more manufacturing jobs by the year 2022 so that the contribution of this sector to national GDP increases to a whopping 25% by 2025. This is a massive 9% increase from the current standard of 16%

It is therefore necessary to support the ‘Make in India’ movement and initiative as it can lead to the tremendous growth of the national economy. The movement can not only boost the level of investments but also help in the creation of modern infrastructure that can lead to an improved way of life. It can also lead to better foreign capital in various sectors.

Satjit Kumar works for Living-smartly.com and writes practical health articles like spinach and tomato side effects.

Total Views: 106Word Count: 614See All articles From Author

Add Comment

Business Articles

1. What Are 6 Reasons To Hire Web Developers For Your Ecommerce Website?
Author: itechscripts

2. These Are The Ten Things That Stain Your Teeth The Most
Author: Charlie Wellish

3. Complete Information About Commercial Security Systems
Author: dev patel

4. Hire Best Packers And Movers In India
Author: EnquiryMart

5. Things To Remember Before You Do A Home Up Gradation
Author: samiandsons

6. How To Keep The Old Charm With The New In Kitchen Remodeling?
Author: samiandsons

7. Global Food Grade Gases Market
Author: shankarmmr

8. Global Third-party Logistics Market – Industry Analysis And Forecast
Author: shankarmmr

9. Software-as-a-service (saas) Market
Author: shankarmmr

10. The Ultimate Guide To Home Alarm System Installation In Uk
Author: dev patel

11. Global Automotive Wiring Harness Market
Author: shankarmmr

12. Global Nanophotonic Market – Industry Analysis And Forecast
Author: shankarmmr

13. Global Chewing Gum Market: Industry Analysis And Forecast
Author: shankarmmr

14. Fintech Blockchain Market – Global Industry Analysis And Forecast
Author: shankarmmr

15. Global High Temperature Insulation Materials Market
Author: shankarmmr

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: