MAKE IN INDIA
"Make in India" is a plan by narendra modi and it is high time to implement so as to increase our manufacturing potential. I feel a more analysis should be on the grounds of what is required to make it work and why we need it to work. The core idea of the make in india campaign is to make India a manufacturing super power by inviting as many foreign manufacturers to set their base in India.
It creates More Employment: More new industries means more new job opportunities. India has an unemployment rate of 8% and according to the recent surveys India will require 55 million more jobs by 2015. If "Make in India" is fully implemented it decreases the unemployment rate by providing numerous number of jobsAs we know that import in india is greater than export. If make in india is implemented the export rate of india may increased which leads to increase in revenue and gdp.
Advantages
"Make in India" is a plan by narendra modi and it is high time to implement so as to increase our manufacturing potential. I feel a more analysis should be on the grounds of what is required to make it work and why we need it to work. The core idea of the make in india campaign is to make India a manufacturing super power by inviting as many foreign manufacturers to set their base in India.
It creates More Employment: More new industries means more new job opportunities. India has an unemployment rate of 8% and according to the recent surveys India will require 55 million more jobs by 2015. If "Make in India" is fully implemented it decreases the unemployment rate by providing numerous number of jobsAs we know that import in india is greater than export. If make in india is implemented the export rate of india may increased which leads to increase in revenue and gdp.
Advantages
- Indians will get more jobs so less unemployment.
- Youngsters will not move abroad, they will not even have to move to another city, all things they can get in their own city.
- We Don't have to pay to foreign brands, we should be paid by them.
- Rupee will get stronger & competitive against other currencies.
- Exporting rate will increase.
- But we have to keep mind that whatever product we design and manufacture we should focus more on quality rather than quantity.
