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Dr. Somya Choubey
Assistant Professor, School of Management, Raffles University, Neemrana
Volume - 3,
Issue - 2,
Year - 2015
“Make in India” campaign is launched with an aim of making India a manufacturing hub, and the government is putting all efforts for ensuring a smooth sailing for investors and the business environment friendly, by setting up a dedicated cell of experts to answer queries of business entities within 72 hours. It attempts to encourage higher inflow of FDI in the country and improve services by partial privatization and disinvestment of loss-making government firms. This initiative is being considered as the major decision by many economic experts since LPG (Liberalization, Privatization and Globalization) was introduced in the beginning of the 1990’s. The main aim of this campaign is to bring overall development across various sectors in India like Infrastructure, Power Sector, Banking, Oil and Gas, Metals and Mining etc. This campaign may impact the Indian manufacturing sector positively. The Prime Minister Narendra Modi has emphasized the policy of zero effect which would leave a positive impact on Global manufacturers. This will lead the economy and the markets effectively in the desired manner and further it will help in boosting growth, in job creation and revival of investment cycle in Asia's third largest economy. This campaign will be unwontedly seen as healthy response to counter China’s ‘Made in china’ campaign. This paper will emphasize the various dimensions of the campaign “Make in India” and its impact on various sectors of the economy and how ultimately this initiative will bring changes in the lives of common man of India.
Cite this article:
Somya Choubey. Make in India: A Ray of Hope for Indian Economy. Int. J. Ad. Social Sciences 3(2): April-June, 2015; Page 61-65.