Before going on to the topic,lets us think what is development??is it the common economic growth which also includes social and human factor.let's cut the chase and make it a tad simpler;development is just coping with the growing needs of the population.it also relates to the demand and supply theory of the economics.
India is very difficult place to do business. whether be it through make in India or made in India or whatever name u want to give.end result will matter.for that to happen changes in labour and land laws etc. is much needed. And the red tapes they will have to go. Lets not forget licences it must be available in less time.
Whether be its make or made in India,there will be development in our country so why so much of drama over this ??
Before evaluating,let me try to define it.Make in India is a national Program through which policies will be made to increase or boost the laggard i.e manufacturing sector.Its main objective is to make India a manufacturing hub.with recent slowdown in chinese economy it can be made feasible also.
Its basically based on the model of PPP (public private partnership).Arguments in favour of Make in India campaign is that it will give a much needed boost to the Indian economy.It covers 25 sectors.
Make in India can add 90million jobs in the next decade”
– CEO & MD, ICICI bank, Mrs. Chanda Kochhar
Well if Mrs kochhar says it then its almost validated that Make in India will generate a lot of jobs.
Statistically speaking Make in India will lead in growth of exports which will help in Reducing the current deficits(Export-import)Make in India will help in growing the GDP with multiplier effect.Brain drain can also be reduced.And my favourite point,technology brought to India would instrumental in its growth.We can also add the point of Infrastructure development.
Coming to the Made in India means that just like China the production will be done fully in the country on the basis of the indigenous industries.well it has a gandhian root (swadeshi).the points in favour of made in India are that it will include socio economic factors.while the Make in India Mncs can withdraw anytime.some people argue that technology would not be transfer in the Indian hands etc for arguing against the make in India.
From my perspective both has the positive and the challenges i.e.
| Economy | Ease of Doing Business Rank ▲ | Starting a Business | Dealing with Construction Permits | Getting Electricity |
|---|---|---|---|---|
| India * | 142 | 158 | 184 | 137 |
From my perspective creating the right environment for the business matters more as the result will follow. whether be make in India or Made in India;India should grow and develop.
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