make in india problem and prospect
TRANSCRIPT
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BY OKEKE GIDEON
MAKE IN INDIA-PROBLEM AND
PROSPECT
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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.
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• “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.”
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OBJECTIVES :
DESIGNED TO FACILITATE
INVESTMENT.
FOSTER INNOVATION.
ENHANCE SKILL DEVELOPMENT.
PROTECT INTELLECTUAL
PROPERTY.
AND BUILD BEST-IN-CLASS MANUFACTURI
NG INFRASTRUCTU
RE
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POLICIES
INTELLECTUAL PROPERTY FACTS
NEW INITIATIVES
FOREIGN DIRECT INVESTMENT
NATIONAL MANUFACT-URING
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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
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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
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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
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CONCLUSION
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