Make In India Draft

MACROECONOMICS
MAKE IN INDIA

Submitted to:
Dr. Venkatraja

By, Group 1
Afsal Sha - 14007
Aishwarya B -14008
Anil Kumar Sharma -
Anirudh -
Ankit -
Anshul Goel -

MAKE IN INDIA
INTRODUCTION
Make in India was launched with an aim to give the Indian economy global recognition. It was officially launched on 25th September, 2014 by our Prime Minister, Narendra Modi. The campaign has been concentrated to fulfill the purpose of job creation, enforcement to secondary and tertiary sector, boosting the national economy, converting the India to a self-reliant country and to give the Indian economy global recognition. The 'Make in India ' also attempts to enforce the inflow of FDI in the country and improve services by partial privatization of loss-making government firms. The campaign is completely under control of the Central Government of India
OBJECTIVE
1. The major objective behind this initiative is to focus upon the heavy industries and public enterprises while generating employment, empowering secondary and tertiary sector and utilizing the human resource present in India.
2. The highlights and purpose of Make in India include making India a manufacturing hub and economic transformation in India while eliminating the unnecessary laws and regulations, making bureaucratic processes easier and shorter, and make government more transparent, responsive and accountable
The government emphasized upon the framework which include the time-bound project clearances through a single online portal which will be further aided by the eight-members team dedicated to answering investor queries within 48 hours and addressing key issues including labour laws, skill development and infrastructure
SECTORS
There are many sectors under the Make In India campaign, the following are:
1. Automobiles
2. Automobile components
3. Biotechnology
4. Chemicals
5. Defence manufacturing
6. Electrical machinery
7. Aviation
8. Construction
9. Electronic systems
10. Leather and so on..

References: 1. http://dipp.nic.in/English/Policies/FDI_Circular_2014.pdf 2. http://www.investindia.gov.in/state-policies/ 3. http://pib.nic.in/archieve/ForeignTradePolicy/ForeignTradePolicy.pdf 4. http://business.gov.in/legal_aspects/industries_act.php 5. http://www.investindia.gov.in/investment-policies/ 6. http://profit.ndtv.com/news/economy/article-pm-modis-make-in-india-push-to-drive-investments-create-jobs-669641 7. http://pmindia.gov.in/en/news_updates/pm-launches-make-in-india-global-initiative/ 8. http://www.business-standard.com/article/economy-policy/modi-s-big-make-in-india-problem-fewer-factory-jobs-115011400407_1.html