{"id":52273,"date":"2019-09-17T17:09:14","date_gmt":"2019-09-17T11:39:14","guid":{"rendered":"https:\/\/blogadmin.forumias.com\/?page_id=52273"},"modified":"2019-09-17T17:09:21","modified_gmt":"2019-09-17T11:39:21","slug":"answered-discuss-progress-made-so-far-in-make-in-india-program-by-india-what-are-various-challenges-to-make-in-india-initiative","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/answered-discuss-progress-made-so-far-in-make-in-india-program-by-india-what-are-various-challenges-to-make-in-india-initiative\/","title":{"rendered":"[Answered] Discuss progress made so far in \u2018Make in India’ program by India. What are various challenges to \u2018Make in India\u2019 initiative?"},"content":{"rendered":"\n
Demand of the question<\/strong>
Introduction. <\/strong>Contextual Introduction.
Body. <\/strong>Progress made so far in Make in India and challenges.
Conclusion. <\/strong>Way forward. <\/td><\/tr><\/tbody><\/table>\n\n\n\n

\u201cMake in India\u201d is a national program initiated by the Indian government to promote investment, innovation, skills development and protect intellectual property and build a top-class manufacturing ecosystem in the country. Since its inception, the government has announced several steps to improve the business environment by streamlining processes of doing business in the country. <\/p>\n\n\n\n

Progress so\nfar in Make in India initiative:<\/strong><\/p>\n\n\n\n

  1. \u2018Make in India\u2019 initiative led to\nradiant growth in the IT and manufacturing sectors. This has encouraged various\nglobal\/foreign investors to make investments in India and boost their business\nby building the products in the country.<\/li>
  2. It has made an accountable growth\nin the country\u2019s GDP. The policy laid out plans to boost the manufacturing\nsector by raising its contribution towards GDP to 25 percent and creating 100\nmillion new jobs by 2025. <\/li>
  3. The ‘zero defect zero effect’\nphrase which came with Make in India campaign has shown positive impact on the\nMicro, Small and Medium Enterprises (MSMEs) of India. As a result, many\ncompanies are manufacturing goods with ‘zero defects’ and ensuring that the\ngoods have ‘zero effect’ on the environment. <\/li>
  4. The implementation of Goods and\nServices Tax (GST) and demonetisation have made the industry as a whole much\nmore transparent and accountable. Now the processes have been simplified such\nas obtaining licenses and clearances that have brought in more transparency\ninto the system. <\/li>
  5. Many companies have set up several\nmanufacturing units throughout the country that produce electrical equipment\nand products such as bulbs, tube lights, wires and cables and others.<\/li>
  6. The digitisation initiative that is\npart of Make in India has helped make processes much more transparent and\neasier to implement. <\/li>
  7. Steps taken to improve ease of\ndoing business include simplification and rationalisation of existing\nrules.  As a result of the measures taken\nto improve the country\u2019s investment climate, India jumped a massive 30 places\nto 100th in World Bank’s ease of doing business rankings as per World Bank\nreport.<\/li>
  8. First indigenously developed and\nmanufactured Rotavirus vaccine, ‘Rotavac’, launched. 30 bioincubators and\nBiotech Parks supported.<\/li><\/ol>\n\n\n\n

    Challenges to\nMake in India:<\/strong><\/p>\n\n\n\n

    1. The biggest hindrance is the labour\nlaws and reforms in the country. The Global Rights Index (2016), published\nannually by the International Trade Union Confederation (ITUC), ranked India as\none of the 10 worst countries for working people. Large-scale exclusions of\nworkers from labour law, violence and arrests are the reasons for India\u2019s poor\nperformance. <\/li>
    2. The complex taxation system, a huge\namount of paperwork and corruption may be the main cause of worries among the\ninvestors. India started out with an overly complex GST, which has dampened\ninvestor sentiment and created tremendous compliance burdens on small and\nmedium sized enterprises (SMEs). <\/li>
    3. Stringent land acquisition laws and\ninflexible labour regulations make it difficult for India to attract investors\nin the manufacturing sector.  India\u2019s\nbenchmark land acquisition law must be amended to make it easier to buy land\nfor defence and development projects in the fast-growing economy, while also\nensuring the rights of farmers. <\/li>
    4. The biggest concern of policy\nmakers, analysts, and investors related to the success of the \u2018Make in India\u2019\ninitiative is around political hold-ups. \nIn every session, the working of Parliament is interrupted which delays\nthe approval of important bills. <\/li>
    5. Greater availability of power is\nneeded to realise the dream of Make in India. India is running short of power\nwith a deficit of 5.1%. The Comptroller and Auditor General (CAG) has also\nrecently claimed a loss of $37 billion due to lack of transparency in the\nallocation of the coal blocks.<\/li>
    6. India lags far behind other nations\nin imparting skill training. Not too much has changed since then. <\/li>
    7. Indian states play a very crucial\nrole in the implementation and success of the Make in India initiative. But\ndifferent political parties ruling different states differ and can never be\nbrought on the same page. To make the concept of Make in India a success, a\ncommon consensus among the states need to be achieved.<\/li><\/ol>\n\n\n\n

      The \u2018Make in India\u2019 programme aims to turn India into a manufacturing, design, and innovation hub in order to get big investments. This initiative is undoubtedly an inspiring initiative, which has reduced the risk factors of investing in India for many foreign companies. The availability of skilled labour, a business friendly environment, good infrastructure and low manufacturing cost are some conditions required for the success of the Make in India campaign.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Demand of the question Introduction. Contextual Introduction. Body. Progress made so far in Make in India and challenges. Conclusion. Way forward. \u201cMake in India\u201d is a national program initiated by the Indian government to promote investment, innovation, skills development and protect intellectual property and build a top-class manufacturing ecosystem in the country. Since its inception,… Continue reading [Answered] Discuss progress made so far in \u2018Make in India’ program by India. What are various challenges to \u2018Make in India\u2019 initiative?<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":49132,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-52273","page","type-page","status-publish","has-post-thumbnail","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/52273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=52273"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/52273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/49132"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=52273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}