Make in India an Analysis

8/16/2019 Make in India an Analysis

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MADE IN INDIA

by INDIA

Hemant Goswami

[email protected]


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Hemant Goswami

What Do We Want?

❏ Sustainability - Short, Medium & Long Te❏ Principle of Co-Existence with Nature

❏ Innovations and Creativity

❏ Gainful Productive Employment

❏ Dignity of Labour & Equality❏ Self Reliance, Sovereignty & Leadership

❏ Export Surplus Nation


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Where Are We?

India has been recording sustained trade deficits since 1980 mainly due to the high growth of impo

crude oil, gold and silver. In recent years, the biggest trade deficits were recorded with China, SaSwitzerland and Kuwait. India records trade surpluses with US, Singapore, Germany, Netherlands

Kingdom. India is heavily dependent on crude oil imports, with petroleum crude accounting for about

total inward shipments. The country also imports: gold and silver (12 percent of the total imports), ma

percent), electronic goods (7 percent) and pearls, precious and semi-precious stones (5 percent). Ind

partners are China (10.7 percent of the total shipments), United Arab Emirates (8 percent), Saudi Ara

Switzerland (7 percent) and the United States (5 percent).


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Balance Of Trade Situation

As on N


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Balance of Trade

Balance of Trade in India averaged -1893.76 USD Million from 1957 until 2014, reaching an all 258.90 USD Million in March of 1977 and a record low of -20210.90 USD Million in October of 2


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What Are We Exporting?

Drugs & Pharmaceuticals, Cotton Yarn/Fabrics/made-ups, Handloom Products, Man-made Yarn/Fab

Manufacturing including Floor Covering, Handicrafts excluding hand made carpet, etc.


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Tourism


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Royalty And License Fees

Royalty and license fees; payments (BoP; US dollar) in India was last measured at 2819291078.76

according to the World Bank. Royalty and license fees are payments and receipts between residen

nonresidents for the authorized use of intangible, nonproduced, nonfinancial assets and proprietar

patents, copyrights, trademarks, industrial processes, and franchises) and for the use, through lice

agreements, of produced originals of prototypes.


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Sectors


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Example Pharmaceutical - Why G

❏ 3rd largest pharmaceuticals market by 2020.

❏ 20% of global exports in generics.

❏ The country’s pharmaceuticals industry accounts fo

2.4% of the global pharma industry by value and 10

volume.

❏ India is expected to rank amongst the top three

pharmaceutical markets in terms of incremental gro

2020.

❏ India is the sixth largest market globally in terms of


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Condition of Patents & IPR’s

❏ Indian companies are poor on IPR❏ Too costly for most in India

❏ Favours only the rich

❏ IPR scenario is favourable to MNC’s

❏ Indian Universities are low on IPR’s

❏ Conversion rate is a poor 4%

❏ India is not likely to benefit by the IPR

regime


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Other Issues

❏ Protecting Human Rights❏ Protecting Labour & Employees

❏ Occupational Safety

❏ Global Equality of Wages

❏ Human Resource Mobility

❏ Accountability & Liabilities


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Hemant [email protected]

Make in India an Analysis

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