Make in India Initiative: Reigniting Indian Manufacturing Sector

1
Dr. Syed Khalid Perwez
Dr. Syed Khalid Perwez
2
Dr. G. Vijayalakshmi
Dr. G. Vijayalakshmi
3
Mr. Syed Zahid Perwaiz
Mr. Syed Zahid Perwaiz
1 VIT Business School, VIT University, Vellore, Tamil Nadu, India

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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.

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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Dr. Syed Khalid Perwez. 2016. \u201cMake in India Initiative: Reigniting Indian Manufacturing Sector\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 16 (GJMBR Volume 16 Issue B1): .

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GJMBR Volume 16 Issue B1
Pg. 29- 33
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: L69, M29
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February 9, 2016

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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.

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Make in India Initiative: Reigniting Indian Manufacturing Sector

Dr. Syed Khalid Perwez
Dr. Syed Khalid Perwez VIT Business School, VIT University, Vellore, Tamil Nadu, India
Dr. G. Vijayalakshmi
Dr. G. Vijayalakshmi
Mr. Syed Zahid Perwaiz
Mr. Syed Zahid Perwaiz

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