write a paragraph on make in India
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On 25th September 2014, Prime Minister Narendra Modi launched Make in India, one of the flagship programmes of our government intended to boost domestic manufacturing currently contributes approximately 16 per cent to the GDP and target is to take it to 25% by 2022.
Make in India focuses on 25 sectors of the economy like automobile, mining, electronics etc. This emphasis on manufacturing will serve several objectives. First, it will provide employment to more than 10 million people. Second, it will boost foreign direct investment (FDI) thereby bringing development. Third, it will minimise the imports of various products so it will mitigate the pressure on our trade deficit. Fourth, it will augment our exports and lastly, it will help in bringing the latest technologies into the country.
This highly beneficiary programme faces several challenges like prevalent labour laws of India, red-tapism, providing environmental clearance for the big project, low technology and poor transportation system.
The government has taken a number of steps to improve the ease of doing business in the country. Rules and procedures are being simplified single window clearance have been created to guide the first time investors. Besides these, these initiatives must have great linkage with other initiatives of the government like skill India, startup India, digital India etc.The campaign has already made a considerable success and if it moves forward with the same pace it will surely transform India into a manufacturing giant and improve our economy.