MAKE IN INDIA INITIATIVE

-Introduction
i) The statistic about emigration and immigration and the story of the
emigrating Indian.
-Background
Before, just any kind of degree might get you a job. But now
The concept of Liberalisation..
-Concept
The salient points explaining the concept of MAKE IN INDIA
-Current Situation
The various new schemes included, the great policies started..
-Good Sides
How it will help the manufacturing sector?
What is the expected growth?
What will it mean for India?
-Bad Sides
What will it do to the subsidies for agricultural sector?
The gap between the wealthy and poor Indian
-Suggested Reforms
The need to focus on agro based industries and means to undo the
detrimental effects of the Green Revolution
-Conclusion
What are the initial results? What might happen and a scope for the bright
future

About a hundred years ago, we were almost entirely under the rule of the
foreigners. It seems even after Independence their trail hasnt completely
vanished. Hundreds and lakhs of students from India migrate to other parts
of the world in search of a better future. The percentage of people
emigrating is miles ahead of the people immigrating. They settle in the
different areas of the well developed countries because of the massive
amount of opportunities they get in the different fields of study and a
phenomenal working environment. The areas of Research & Development
get funding that they might not even dream of in India. The careful planning
and implementation of the good policies attracts the majority of our youth
from our country to go make a living abroad.
A couple of decades ago, with the amount of exposure of good quality
education being considerably less, people used to get a job in almost any
field on graduating. But with the increase in the competitiveness of the
Indian student, the opportunities are shrinking. The widespread education
has helped in increasing the literacy levels of India but employments are far
from enough. And that again lead to the emigrating crisis. Loads of potential,
which can do only great to our country is going somewhere else and
spreading their wisdom. A few elegant examples might include Sundar
Pichai, the CEO of Google, Satya Nadella, the CEO of Microsoft and so on.
Then, in the nineties, the concept of Liberalisation was introduced. It meant
to attenuate the stringent policies and rules of doing business in India. It was
backed up by introducing initiatives like reduction of import tariffs, reduction
of taxes and increased investments in the manufacturing sectors. Various
criticisms followed the approach but the governments kept on following the
pattern without much change in the subject.
In the year 2013, Indias growth was at the worst situation in a decade and
all global finance businesses were wondering whether it was wise to invest in
India. In wake of this dilemma, the policymakers, along with the secretaries
to the government of India and many advisors came up with the Make In
India Initiative. It sought to bring foreign investment to India in 25 sectors
including Railways, Space, Defense, Infrastructure, Construction etc. The
Make In India Initiative seeks to ease doing business in India with its creative
new schemes and doing away with the tough and time consuming processes
of getting approvals. It aims at skill development and creating chances for
MSMEs to develop their enterprises by interaction with the biggies in their
fields and investments to do so.
The imaginative measures that this initiative brings with it are
unprecedented in India. Some of them include: Increasing the validity of an
industrial license to three years, online tax returns filing, and online

application for clearances from environment and forest, online applications

for a new startup and electronic registers rather than paper registers. The
investment in all the sectors was extended to a full 100 percent except in the
fields of Space (74%), Defense (49%) and Media (26%). The investment in
the Defense sector was increased from 26% to 49%. The website created for
the briefing of the scheme is carefully planned to not include too much detail
and just the right amount of it. India is leading from the front in the
Renewable Energy sector by introducing the International Solar Alliance
which aims at bringing nations together for investing in the field of energy
production using solar energy by creating a university, a R&D facility and
undertaking several projects to enhance the use of solar energy.
The Make In India initiative is a very bold and daring approach by the
government and it is bound to do good to India. The growth expected in the
manufacturing sector is huge and it will create a score of opportunities for
small enterprises to develop their businesses. The additional undertakings
like the Skill India and Start Up India will help the youth by employment
generation. The GDP of the country is expected to grow swiftly carrying India
and its economy with it to the heights of development.
But those are all only the good sides of it. The agricultural sector that has
been the backbone of our economy is bound to fall as the subsidies in the
sectors like fertilizers, high yielding variety seeds, irrigation and
infrastructure might decline. More than half of our countrys people are
dependent on agriculture as their primary source of income. So, they might
have to mitigate on to other jobs and leave their fields. Also, the gap
between the wealthy Indian and the poor Indian will increase creating an
abyss which might not be recovered if not checked.
So, provisions should be made for the agriculture dependent public in India
by focusing on the agro based industries. The fertilizer industry for instance
can create cheap and environment friendly fertilizer for the farmer. The
growth of textile industry can help in cotton and jute sales to increase; the
expansion of several food based industries can in fact help the agricultural
sector alleviate from the detrimental effects of the Green Revolution and the
drought situation that has struck India with its mightiest blow.
Since the introduction of the scheme, foreign direct investments have grown
at a jaw dropping rate. In fact, India was placed in the top ten best places to
invest in the world last year. So, the investments have grown in all sectors
and fields with the help of a lot of big companies. The wheels have been set
in motion and only time will tell the story of whether the initiative helps India
break the chains and gain widespread success or succumb to pressure from
debt and eventually be discarded.