2024, Vol. 5, Issue 1, Part C
Make in India: An effort to restructure the nation’s economic structure
Author(s): Paras Batra and Dr. Rohit Garg
Abstract: Manufacturing is the key component for the development of any nation. To boost manufacturing in our economy, an initiative was taken by Narendra Modi Government in 2014. The term “Make in India” was launched by our Prime Minister on 25th September, 2014. He extended an invitation to companies worldwide to invest and produce goods in India. The goal of this program is to establish our nation as a global center for manufacturing. Indians are currently at the top of the corporate ladder; they run several Fortune 500 companies worldwide, from Microsoft to Pepsi. India has always had a highly trained labor population, but we haven't been able to translate that into the rapid expansion of the national economy. This study is done with the intention to expound the concept of “Make in India” campaign, its importance and change in growth rate of FDI after launching of this campaign. FDI inflows were compared in this paper before and after this campaign. The World Bank Database on Indian Economy and the Department of Industrial Policy and Promotion's Trade (DPIIT) Database are two sources from which the data was gathered.
Pages: 175-180 | Views: 235 | Downloads: 120
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How to cite this article:
Paras Batra, Dr. Rohit Garg. Make in India: An effort to restructure the nation’s economic structure. Asian J Manage Commerce 2024;5(1):175-180.
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