“MAKE IN INDIA: FROM VISION TO REALITY”

Abstract

In this paper, a challenging effort was made to present the new investment project of Prime Minister Mr Narendra Modi that Make in India is the new mantra and objective was to encourage the production of goods within the country and making India the manufacturing hub of the world economy. The aim of the project showing a pure classical economics there is going to be a demand and then there would be producers who would be incentivized to supply goods and services to meet that demand. This paper coversissues of the make in India, sectors covered, worldwide and positive response and some critics. However, this paper is concluded as optimistic manner that the Make in India economically viable? What are the challenges that the project and movement will face? What about the projects that are currently running under make in India? Can India compete in the global market? This proposed study seeks to identify various components in external environment that have the potential of proving to be an opportunity or risk of turning out into threat for make in India initiative. For the purpose of this study, PEST (Political, Economic, Socio-Cultural, and Technological) analysis of business environment would be performed. Research design is basically exploratory in nature and will employ inputs from reports and statistics of agencies of good standing.