Question

☆°GiveReason°☆

Indian government has failed to work for reformation....☺☺✌✌✌

​

Answer 1

After nearly a decade of deliberations and vehement debate, India’s parliament finally passed a unified goods and services tax earlier this month, marking the first significant economic reform under Prime Minister Narendra Modi. While correctly heralded as a major achievement that overhauls India’s convoluted tax system, the passage of this legislation nevertheless underscores how little Modi’s government has actually accomplished in its attempts to transform India’s economy. Modi’s failure to implement a sweeping reform agenda seems like a paradox. After all, he swept into power in 2014 with the promise of reviving India’s faltering economy, putting an end to corruption, and providing sound governance. To his government’s credit over the past two years, it has presided over robust economic growth—albeit helped in some measure by low petroleum prices—and has avoided any major scandal involving members of the ruling Bharatiya Janata Party (BJP). Apart from confronting a wave of fresh violence in the disputed state of Kashmir, Modi has also been mostly successful in maintaining public order.

Answer 2

Answer:

On September 25, 2014, the Indian government announced the ‘Make in India’ initiative to encourage manufacturing in India and galvanize the economy with dedicated investments in manufacturing and services. Immediately after the launch, investment commitments worth crores were announced. In 2015, India emerged as the top destination for foreign direct investment, surpassing the U.S. and China. In line with the national programme, States too launched their own initiatives. Five years later, as we brace for another Union Budget, it would be appropriate to take stock of the much-hyped initiative as the economy in general, and the manufacturing sector in particular, is on a slippery slope.

The ‘Make in India’ idea is not new. Factory production has a long history in the country. This initiative, however, set an ambitious goal of making India a global manufacturing hub. To achieve this goal, targets were identified and policies outlined. The three major objectives were: (a) to increase the manufacturing sector’s growth rate to 12-14% per annum in order to increase the sector’s share in the economy; (b) to create 100 million additional manufacturing jobs in the economy by 2022; and (c) to ensure that the manufacturing sector’s contribution to GDP is increased to 25% by 2022 (revised to 2025) from the current 16%. The policy approach was to create a conducive environment for investments, develop modern and efficient infrastructure, and open up new sectors for foreign capital.

Explanation:

Hope this helps you , dear friend !!!!!