Make in India Initiative: Reigniting Indian Manufacturing Sector

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Make in India Initiative: Reigniting Indian Manufacturing Sector

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Abstract

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.

References

3 Cites in Article
  1. Asha Sundaram,D Mitra (2013). Complementarity between formal and informal manufacturing in India in Reforms and economic transformation in India.
  2. Rana Hasan,Devashish Mitra,Asha Sundaram (2013). What explains the high capital intensity of Indian manufacturing?.
  3. Arvind Panagariya (2007). Why India Lags Behind China and How It Can Bridge the Gap.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Syed Khalid Perwez, Dr. G. Vijayalakshmi, Mr. Syed Zahid Perwaiz. 2016. "Make in India Initiative: Reigniting Indian Manufacturing Sector". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 16 (GJMBR Volume 16 Issue B1).

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords
Classification
GJMBR-B Classification JEL Code: L69
M29
Version of record

v1.2

Issue date
February 9, 2016

Language
English
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Make in India Initiative: Reigniting Indian Manufacturing Sector

Dr. Perwez
Dr. Perwez VIT Business School, VIT University, Vellore, Tamil Nadu, India
Dr. Vijayalakshmi
Dr. Vijayalakshmi
Mr. Perwaiz
Mr. Perwaiz