Make Indi The Road Ahead For India 's Development Saga Or Is It Just Another Rhetoric?

Make in India is an initiative of the Government of India to encourage multinational and domestic companies to manufacture their products in India.

In 1960, West Bengal has been amongst the 3 richest states of India. Being a British capital of those times it has a strong manufacturing tradition. During the colonial period, West Bengal was one of the leading states having the highest contribution to nation’s industrial output and employment and continued this trend till the 1960’s.Post 1960, the state started losing its prominence and witnessed reduced productivity and labour militancy on a grand scale. This trend continued till the late 90’s, but the turning point came after 2000 where there has been a resurgence in the state’s industrial sector. Economic reforms and competition among states have led to renewed interest of Business groups in investing in West Bengal. This revival is evident from the upward trend

The Confederation of Indian Industries (CII) was formed in 1895, with a purpose of creating a sustainable environment for growth and development of Indian industries. CII provides consulting services to the Indian government on various policy issues, increasing efficiency and accelerating economic growth to promote the aspirations of tomorrow’s India. Having partnered with diverse industries, CII has acquired an invaluable expertise which would help India emerge as a global power in the near future.

But it is clear that the India’s success came not from home demand but from US demand. Indian engineers have been for years working for US companies, especially in IT sector. With the growth of IT industry, there has been developed a sort of strong “Indian connection” in Silicon Valley. According to Anna Lee Saxenian, an associate professor at the University of California at Berkeley whose research is a study about Silicon Valley’s immigrant, that “of an estimated 2,000 startups in Silicon Valley 40% are Indian-spawned.” [4] The Indian connection in Silicon Valley, the intellectual capital in India and the trend of outsourcing in current global competition altogether bring India a great competitive advantage.

|industry too. It has transformed India, created pride in being Indian and given the much needed respect to our passport globally. Including |

The term "industry" refers mainly to manufacturing activity. Agriculture, mining, and most other services are excluded from it. The term "industrialization” literally means the growth of manufacturing industry. It is thus a part of the much broader process of economic development which involves the raising of standard of living, through a steady increase in the efficiency of factors of production. India is a developing country. Economic development here must basically mean raising the productivity of agricultural workers. After a certain stage of development, however, it may become more profitable to transfer the surplus labor to their gainful employments as

In 2006, fifty percent of India’s population was under the age of twenty-five. (Kamdar, 2007, pg. 8) The number of 15-24 year olds, which is the demographic most suited to entry-level work, is nearing 250 million. This is in sharp contrast to India’s largest Asia competitor China, whose youth workforce is declining due to regulated birth rates and a spike in college enrollment. (Youth population chart, NYT, 2015) A larger base of workers for input in emerging markets leads to greater outputs of production, which is important for shifting the production possibility curve outward and building a strong

As a nation gifted with potential skilled but untrained labour, India’s situation is at best ironic. On the one side of the coin, domestic economic growth has created huge employment demand and job opportunities, while on the other side, a shortage of skills is making more people unemployed. What adds to the irony is that there are 17 central government ministries that offer skill development enterprises through school education, institutes of higher learning and specialised professional training institutes. The humongous population alone cannot be India’s problem since China & Indonesia , with alike scale of population and training infrastructure, has better skilled labour (indicating higher skills, better employment and productivity). This

In a column in Financial Express titled ‘Making Make-in-India happen’, Arindam Bhattacharya, senior partner and director, Bruce Henderson Institute, Boston Consulting Group opined that to attract global investments in some investment-intensive sectors like those in the high-end of electronics value chain, India must offer package of incentives. The column noted, “Investment in the investment-intensive high-end of the electronics value-chain is very lumpy, and made for a decade of future demand or longer given the high investment intensity. And thus, they follow a cycle of large investment which takes a long time to pay off as demand slowly catches up, and rates can vary from country to country.” Therefore, it is important to “approach to target these large ‘anchor client’ investors with specifically designed incentive package, which is based on an in-depth understanding of the economics of the investment and the investment cycle for the

According to the U.S. State Department (2012), “India's population is estimated at more than 1.1 billion and is growing at 1.3% annually. India has the world's 12th-largest economy with the third-largest in Asia behind Japan and China”. The improvement in India’s economy was influenced in part by encouragement from the World Trade Organization, which aided in negotiating a decrease in import taxes; allowing India to function from a healthier position economically. This move momentously changed India’s ability to offer goods and services. (U.S. Department of State)

This paper aims to document and analyse the different approaches in overall infrastructure sector performance for these two very different countries from the policy and institutional dimensions. It identifies factors that have worked in China and India. It also identifies some important lessons which could be relevant for future infrastructure development.

(Subhalakshmi, June 6, 2017) Although, these companies do such things they and globalization also bring some good into India.

India is the second largest market and economy in Asia, after China, and the world’s largest democracy, which gives international businesses the opportunity to invest in the country. India’s economic power and potential presents a strategic option to the global businesses, to step into the country and conduct their business activities. However, politics and the corruption that prevailed in India in the past has hampered with the growth of the country. The decelerated growth rate in

Manufacturing is already seeing signs of a renewed boom in investment in diverse industries including defence, heavy engineering, power, transportation including automobiles, petroleum and petrochemicals, textiles, and food processing. Unlike in the past, where manufacturing came up in the proximity of metros and mini-metros unless there were backward area benefits or other incentives, this time around manufacturing investments are spread almost all across India. This is, of course, after evaluating attributes such as the availability of raw material, manpower and its relative costs, environment issues, supply chain and logistics issues, and market factors which render availability of fiscal incentives as just one of the many variables in the manufacturing location selection grid. The services sector is also moving beyond IT. The largest growth in the coming years will be in a host of new services including retail, healthcare, leisure and recreation, education and coaching, construction and other real estate, grooming and well-being, and travel and hospitality. This, in turn, has many dimensions, with the most important being the certainty of unprecedentedly large numbers of women entering the workforce. Further, these sectoral jobs are even more spread out across the length and breadth of both urban and

India could improve its economic performance in a number of ways by removing barriers to foreign direct investment and encouraging deregulation and privatization. Business would be able to operate more freely in India. Foreign firms are attracted by the size of India's market, but they are also dissuaded from investment because of the stifling bureaucracy and high levels of corruption. The bureaucracy also dissuades new business formation.