MAKE IN INDIA PROBLEM AND PROSPECT.

BY OKEKE GIDEON

MAKE IN INDIA-PROBLEM AND

PROSPECT

Introduction

• India is one of the world's fastest-growing economies.

• The tenth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP).

• In 2014 it became the world fastest growing economy overtaking china.

• “MAKE IN INDIA”

• Coined by PM Shri Narendra Modi• Designed By Government Of India

• Announced On 15th August 2014• Launched on 25 sept 2014

• Mission• “Manufacture in India and sell the products worldwide.”

OBJECTIVES :

DESIGNED TO FACILITATE

INVESTMENT.

FOSTER INNOVATION.

ENHANCE SKILL DEVELOPMENT.

PROTECT INTELLECTUAL

PROPERTY.

AND BUILD BEST-IN-CLASS MANUFACTURI

NG INFRASTRUCTU

RE

POLICIES

INTELLECTUAL PROPERTY FACTS

NEW INITIATIVES

FOREIGN DIRECT INVESTMENT

NATIONAL MANUFACT-URING

key benefits Boost of FDI Access to advanced technology and research support Push towards infrastructure growth Generating employment Increases purchasing power for the nation and thus a larger market

for manufacturers Design MSMEs outlook for future Global recognition

Makes India a manufacturing hub Labor law reforms Reduced trade deficit

FDI Means First Development Of India

List of challenges • Infrastructure and logistics deficit• Standardization and quality of our products• Ease of doing business• Tax and rigorous acts• Fluctuation in the international market price for

certain commodities• Research and development • Labor law• Unskilled manpower• Infrastructure

Suitable suggestion

• Tax concessions • Zero defect zero effect products• Labor ,tax and rigorous acts reform• Ease of doing business• Infrastructure• Innovation driven research and development • Skill development

CONCLUSION