Make in India the idea will make india a manufacturing hub
Answers
“Make in India” – the idea will make India a manufacturing hub The debate on the success of Make in India campaign attracted not only the economists, bureaucrats and politicians to weigh its pros and cons, but the top MBA colleges in India have also been fascinated with the project. Many MBA colleges have included ‘Make in India’ as one of the hot topics in their GD round in different forms in final admission round to test the ability of prospective students to analyse it from different perspective.
MBAUniverse.com shares below the key points on the topic
Topic background
With a vision and mission to put Indian Economy on the wheel of high growth, Indian Prime Minister Narendra Modi’s Government launched the “Make in India” campaign. The project aims to attract businesses from around the world to invest and manufacture in India.
The vision of the campaign is to make India a global hub for the manufacturing of goods ranging from cars to software, satellites to submarines, paper to power and a lot more.
Make in India-key facts
- “Make in India” is a realistic project which aims to increase the contribution of manufacturing in GDP to 25% from 16% as of now.
- With the launch of ‘Make in India’ campaign, India has already marked its presence as one of the fastest growing economies of the world.
- India is having the favourable demographic dividends for the next 2-3 decades and the cost of the manpower is less as compared to the other developed countries.
- India is a house of strong and responsible business houses operating with credibility and professionalism. These business houses have big contribution into the development of the Indian economy.
- India has a strong consumer market and is going to expand in the coming years.
- The strong technical and engineering capabilities backed by top-notch scientific and technical institutes are an added advantage to boost this campaign.