Make in India Initiative: Reigniting Indian Manufacturing Sector
Over the decades when major reforms and policies were introduced the manufacturing sector could not keep up compared to the countries with similar development/growth phase and size. National manufacturing policy aims at enhancing the share of manufacturing in GDP to 25 % within a decade and creating 100 million jobs. The government has made efforts to provide favorable by simplification, rationalization and digitization of process. In this regard, ‘Make in India’ initiative is aimed at encouraging the spirit of entrepreneurship and making India the manufacturing hub of the world. This article takes a look at what has been done so far and what more needs to be done to give much needed force to the manufacturing sector. Secondary data has been utilized taken from various sources to advocate the views expressed in this article.
