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Make in India – it is the environment creation that makes our industries to compete with the rest of the world, and encourage overseas producers to come to take benefit of our environment to create jobs in India. It is also to fix the economy of demand and investment cycle in particular. The intention of Govt. is to boost domestic manufacturing and create new jobs with respect to introduction of policy changes on micro, small and medium enterprises (MSMEs); While Government’s invitation to international companies to make investment. The survey and research is another initiation from Govt. to assimilate different regions and sectors within India to overcome region specific problems inhibiting domestic enterprises deserves equal consideration. The opinion of analyst, industry experts is the Make in India will help the small scale sectors. Despite of the economic slowdown in recent years the India’s MSME sector has recorded more than 10%. Minimum 8% of GDP contribution will be from MSME with employing capacity more than eight crores people while 40% of manufactured is exported from India. So we can say Govt. will focus on MSMEs is reasonable.
Keywords
Make in India; MSME; Domestic Manufacturing; Economy of India