Make in India” Role in Indian Economy

Rajesh Singh Gurjar, Vineet Pandey, Pravendra Tyagi

Abstract


The Indian government through this initiative aims to put to use its rapidly increasing workforce to productive use, realizing that service sector though contributing about 55-60% of the GDP cannot be the sole driver of the economy. In this research paper `Make in India’ an attempt has been made to review the pros and cons of this concept and to understand the impact of it on the Indian Economy. The main goal is to make India, a global manufacturing hub. The promise of the BRICS Nations (Brazil, Russia, India, China and South Africa) had faded, and India was tagged as one of the so-called ‘Fragile Five’.


Keywords


Make in India, FDI, and Manufacturing World Economic Forum

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