2022, Vol. 3, Issue 1, Part C
Make in India to “Atmanirbhar Bharatâ€- Vocal for Local
Author(s): Dr. Nidhi Bansal
Abstract: India is a young country in terms of population. By 2027, India's workforce of one billion individuals between the ages of 15 and 64 is expected to overtake China's. (Mint, 2017). India has huge task on hand for creating employment for such large and increasing employable population. India has been predominantly an agricultural economy. But as the population increased, with limited land and also with opening up of tertiary sector, share of agriculture in GDP declined. Tertiary sector became one of the biggest source of employment. The rate at which employment has to be created can only be supported by the good manufacturing growth. So, the focus has to be on improving the manufacturing sector. The challenge is not only to provide employment opportunities and also enable the youth to acquire the necessary skill set. In light of this, on September 25, 2014, Indian Prime Minister Mr. Narendra Modi introduced the "Make in India" campaign, the main goal of which is to stimulate the manufacturing sector by enticing both local and foreign businesses to establish production facilities in India. With Outbreak of COVID-19, the never seen pandemic in the recent years, to further boost manufacturing sector Government of India announced various schemes under the name Atmanirbhar Bharat to further strengthen make in India initiative. This article aims to analyse the steps implemented to support the expansion of the manufacturing sector, the scheme's current status, and its future importance. The paper found that though not much has been achieved in concrete terms but a vision like this requires structural changes in the processes and mindset. This cannot be achieved in a short span of 7 years, out of which two years were marred by COVID 19 pandemic. The initiative will definitely yield results and will drive the India’s growth story in the coming years.
Pages: 106-110 | Views: 129 | Downloads: 57
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How to cite this article:
Dr. Nidhi Bansal. Make in India to “Atmanirbhar Bharatâ€- Vocal for Local. Asian J Manage Commerce 2022;3(1):106-110.
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