Make in India Initiative
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NAME : SAKTHY PRASAD RAJARAMAN ROLL NO: A042 TOPIC : NDA GOVT’S MAKE IN INDIA INITIATIVELast year our Prime Minister Mr.Narendra Modi announced Make in India campaign, this very ambitious campaign has gained wide appreciation and popularity within India and across the World. Made in India applies to only goods that are manufactured in India but Make in India is a formal invitation showcasing India’s potential to the rest of the world to start manufacturing here. Since India’s export is always less than the import, Mr.Modi ji is trying to make our country a manufacturing hub thereby increasing our country’s exports.In order to make India a Manufacturing hub for all the countries across the globe it needs to have the following factors (i) Money/Capital (ii) Resources (iii) Labor. Developed countries like UK and USA are facing huge recession in the markets for past 8 years and Japan was facing recession for past 17 years which 6 trillion dollars economy out of 62 trillion dollar economies in the world. Even china is showing sign of slowdown. India is growing at high pace because of huge labor and population. Prices of oil are crashing and prices of aluminum and steel are also falling because of recession and there are no massive demand on the products and this created a grim situation in the market. Hence all the investors are hovering off to invest into golds and real estates.
Growing recession means the GDP of the country is falling, the production value of the company is falling as the consumption and demand is falling .This situation is because they live more years In the developed country than in the developing countries .For instance, in India ,average life expectancy is 65 years and in Japan it is 80 years and they are mostly dependent, means majority of the population are not youth and they don’t demand more for consumption which leads to the overall decrease in GDP .In India Between 18-35 age- >60 percent and Independent population >80%.Hence Modi ji is promoting companies to make in India and it does have the Labor who can produce demand and consume at the same time. Money can flow in the form of equity investment Foreign Institution Investment (FII) and Foreign Direct Investment (FDI) which comes for a longer period like railways, insurance and real estate. Equity investment is required by corporates, medium or mid-size corporates or SMEs. Corporates and midsize corporates are listed in NSE or BSE for that to grow we need money into NIFTY in the form of FII and long term investment in the form of FDI.