Theme:

  • The ‘Make in India’ program was launched in 2014 to transform India into a manufacturing hub.

Achievements of the ‘Make in India’ program:

  • With the launch of Make in India, rules and policies are simplified. Now it is much easier to start a company in India. That means Red tape is reduced.
  • India ranked 63rd out of 190 countries in the last World Bank’s Ease of Doing Business Index 2020. In 2016, India ranked 130th.
  • Make in India program attracted Foreign Direct Investment (FDI) to India. FDI Equity inflow in Manufacturing Sectors has increased by 76% in FY 2021-22 (USD 21.34 billion) compared to the previous FY 2020-21 (USD 12.09 billion).
  • The India Cellular & Electronics Association (ICEA) in 2018 stated that due to the manufacturing of domestic mobile handsets and components, the country has saved a whopping INR 3 lakh crore rupees of possible outflow in the last four years. This money was saved as the domestically manufactured and assembled handsets replaced the import of completely built units (CBUs). This also provided employment opportunities to approximately 4.5 lakh people.
  • India has emerged as the second-largest mobile phone manufacturer in the world with a 126% jump in production from the financial year 2021-2022, shows government data.
  • The make in India program has pushed Self-reliance in the defence sector. As of 2021, India’s defence and aerospace manufacturing market has increased to worth Rs 85,000 crore with a private investment of Rs 18,000 crore. Our defence exports increased to Rs 5,711 crore in  2020-21.
  • India had come a long way in the Global Innovation Index (GII) from the 81st rank in 2015 to the 40th rank in 2022.
  • The program created new employment opportunities.
  • There is a boom of startups in India after launching Make in India. As of 2022, India has more than 100 unicorns (startups with a US$1 billion valuation or above).
  • Several big multinational companies started their manufacturing units in India.
Also Read :  Role of India in United Nations

Challenges:

  • Though improved, the ease of doing business in India is not up to the mark. Private firms, especially larger firms are complaining about regulatory obstacles.
  • There is a shortage of skilled manpower in India. Though the situation has improved, still there is a gap between the demand and supply of skilled manpower.
  • Though many industries are planned to be set up and inaugurated, many of those projects are not implemented yet.
  • Many workers in India’s manufacturing companies are getting very low wages.

Conclusion:

The ‘Make in India’ program is a success in creating a favourable environment for manufacturing companies. Its effect on the Indian economy is clearly visible. The program is helping India in achieving self-sufficiency.

Your Turn…

What’s your take on the ‘Make in India’ program? Express your thoughts through the comment section below. And subscribe to our blog to read answers to the trending GD topics.

Photo by Kateryna Babaieva

Copyright @ Group Discussion Ideas.


12 Comments

  • mk manoj, Jan 29, 2020 @ 12:55 am Reply

    Make in India is the initiative started by the government on 25th September 2014 to encourage the companies to manufacture their products in India. In simple way, it aims to make India a “MANUFACTURER HUB” at the global level.

    And make for India is not so good as you are looking for India as a market. Thats is not good for the Indian economy as well as the goods which are provided by Indian people, which is used as a raw material in the industries.

    Consider the scenario if all the countries will start to place their market in India for selling their products than what will be the situation of Indian products? All our home made small businesses will be dead and the other Indian companies will get so much loss.

    And as the result of this 5 years period MAKE IN INDIA is a great initiative and helps a lot to boost up the Indian economy and GDP too.

  • Rohan, Sep 24, 2019 @ 2:11 pm Reply

    Thanks freind

  • Sanju, May 3, 2019 @ 8:55 pm Reply

    In our country we can see underemployment is increasing day by day because of unemployment.Make In India campaign will reduce the problem of underemployment and another burning problem of our country is brain drain as because in our country ,there are limited jobs but Make In India campaign will solve this problem too!

  • Santosh rawat, May 1, 2019 @ 7:09 pm Reply

    Friends as we know that china is ahead in manufacturing sector , but make in india is a product that is going to give a direct fight to china in manufacturing sector , so it is a good step of our government .

  • ranjit singh, Feb 8, 2019 @ 10:38 am Reply

    it is successful in only my dream.not in real life .make India is not equal to other country because they are produce cheap and best but India can not do this.

  • shivam dwivedi, Nov 15, 2018 @ 3:15 pm Reply

    Hello friends ,Make in India is a good direction towards developing country to developed country.
    2.It will create more no.of jobs that will help to reduce the problem of unemployment
    3.it will help to reduces the cost of price because if products made in India then defiantly the cost of price reduces.
    4.it will help to increases GDP growth 16 to 25%.
    its attract the foreign investors to setup theirs unit in india.
    5.it will make India is self dependent country on those products which are imported from others country.
    thanks

    • Team GD Ideas, Nov 15, 2018 @ 10:49 pm Reply

      Nice points Shivam!

  • Maya, Sep 23, 2018 @ 12:20 pm Reply

    Make in India is good idea of govt. economic growth will be increasing.lot of job will be create.good skills people are in india.they have getting new opportunity for showing his talent.india will be self defense manufacturer hub and big power country in all fields.

  • Gaurav Thakur, Jun 5, 2018 @ 9:50 pm Reply

    According to my knowledge ..make in India is a good step for our country to become a self dependent .by this step we can easily start a new business in any field . it means red Tapism is reduced .target of raise GDP from 16% to 25% can be completed by this ..and India become
    a big manufacturer country in world

  • P. Kolandasamy, Puducherry, May 22, 2018 @ 7:30 am Reply

    Yes, it is OK. But youth mentality is getting Govt job and easy going. People should be optimistic and self employment attitude. It is good for self & community.

    • Team GD Ideas, May 24, 2018 @ 7:50 pm Reply

      True! Promoting entrepreneurship culture is the need of the hour.

  • Chaitanya, Jan 10, 2018 @ 8:00 pm Reply

    Make in india is successful move in 2014. it will help to develop indian economy. so many people will get jobs. Make in india – Make it india

Leave a Reply

Your email address will not be published. Required fields are marked *