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Informative Article | Social Studies | India | Volume 12 Issue 6, June 2023 | Popularity: 5.5 / 10
Mission Make in India: An Analysis of Its Impact and Opportunities for the Indian Economy
Raj Kumar, Arushi Sharma, Shashwat Sharma
Abstract: An attempt has been made to study and highlight the mission ?Make in India? launched by the Hon?ble Prime Minister of India, Shri. Narendra Damodardas Modi on 25th September, 2014. The main objective of the mission was to lure more and more foreign investors for Promoting India as important Investment Destination and a Global Hub of Manufacturing, Design and Innovations for Development. Initially 25 sectors were taken up and latter on 02 more sectors were added. Significant achievements have been made under the Mission ?Make in India? such as commissioning of ?INS VIKRANT? India?s First Home Built Aircraft. Six Industrial Corridors are being developed across various regions of the country. Asia?s largest MedTech Zone (AMTZ) has been set up in Andhra Pradesh and Hon?ble Prime Minister also Bats for ?Vocal for Local? to Make India Self-Reliant. Investment promotional activities after launch of mission ?Make in India? initiative are being undertaken by various Central Government Ministries, Departments and all State/Union Territories Governments from time to time due to which India has emerged as 5th Largest Economy of the World. The article provides a comprehensive analysis of the Make in India initiative of the Government of India. It discusses the initiatives objectives, its impact on various sectors, and the role of the different States/Union Territories in its implementation. The article also highlights the initiatives significant achievements and its potential to transform India into a global manufacturing hub.
Keywords: Make in India, Mission, Manufacturing, Foreign Direct Investment, Economic Development, Industrial Policy, Global Hub
Edition: Volume 12 Issue 6, June 2023
Pages: 1455 - 1459
DOI: https://www.doi.org/10.21275/SR23611230712
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