Essay about Make in India | Make in India Essay in English

Make in India Essay in English | Essay about make in India, Objectives, Obstacle, Criticism

By Sathyavathi

essay on make in india project

 

Essay on Make in India – The India Government launched the ‘Make in India’ policy in 2014. The main objective of the campaign was to boost the manufacturing sector, promote foreign investments, and reduce the dependency on imports.

 

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Objectives of Make in India

India has a great chance to be a global manufacturing hub, as we have a demographic advantage. With this perspective, the government took up the ambitious scheme. It had a multi-pronged strategy.

It desired a contribution of 25 percent to GDP from the manufacturing sector. It also aimed to create jobs for millions of youth and reduce the level of unemployment in the country. The government wanted to make India a business-friendly nation.

Our country has no shortage of talented, innovative, and hard-working people.

The prime minister wanted them to come up with excellent business-ideas and take entrepreneurship. Several measures were taken by the government like digital savvy and transparent processes to promote Foreign Direct Investments (FDI).

 

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Initiatives under Make in India

The government identified around twenty-five sectors where progress was possible in the short-term, and the likelihood of FDI was high. Some of the key sectors are automobile and transportation, electrical and electronic systems, Information Technology, biotechnology, pharmaceuticals, energy, and space. The government brought in the following initiatives for the smooth implementation of the ‘Make in India’ policy:

1. Digital India:

Under this program, the e-governance projects were initiated at the center and across the state governments in India. Provision of high-speed internet services to all citizens, spreading digital literacy, transparent digital handling of administrative tasks, electronic financial transactions, and easy availability of government services online and mobile platforms are the goals of the initiative.

 

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1. Startup India Initiative:

The government wanted to build a better environment for the establishment and growth of new companies. The vision of the government is to promote entrepreneurship and moot private participation in the economy.

The newer companies receive recognition, funds, mentorship facilities, and tax exemptions. The government has also simplified paperwork and patent filing processes. Impressive innovation, the faster roll-out of new technologies, and sustainable growth are the expected outcomes of the program.

 

1. Skill India Program

The aim of this program is to bridge the gap between academic education and industrial demands. It also intends to enhance the employability of thousands of individuals by affording newer courses and training facilities.

 

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1. Smart Cities:

Our existing cities are over congested and don’t have the infrastructural capacity to handle the ever-swelling population. People migrate from rural areas to cities in the hope of a better future. But the dreams of many people remain dreams only. It also impacts the rural economy.

This initiative envisages the development of several high-class class cities across the country so that there is less pressure on the city administration and environmentally sustainable growth of the region is possible.

Likewise, there are several initiatives for improving logistic facilities, harnessing solar power, enhancing cleanliness and aesthetic appeal of the country, etc. If all the programs are implemented well, then we can surely have higher growth and progress.

 

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Criticism of Make in India

The ‘Make in India’ campaign was launched five years ago. Still, we are far from nearing its ambitions. The share of exports in GDP has decreased. The campaign has not eased the woes of the manufacturing sector too.

The rate of job creation is decreasing, and unemployment remains a major issue. Many people opine that the government hasn’t walked the talk.

 

Shortcomings and obstacles for Make in India

Any country can progress well if it meets the domestic needs of goods and services on its own and exports a considerable part. Manufacturing plays a crucial role here.

But, firstly, we need sound policies and facilities for land procurement, labor laws, power tariffs, transport, and logistics.

Unfortunately, the government has not included these factors under the campaign.

Moreover, the government’s reliance on Public-Private Partnership (PPP) model has backfired. It has resulted in the rise of Non-Performing Assets (NPAs) in banks, and they are unable to provide credit.

We also need urgent labor reforms. Manufacturers either decrease labor wages or increase their productivity levels to meet the competition. Both of these measures impact the workers negatively. It, in turn, results in unequal growth, and finally, the domestic demand decreases.

The demonetization effort and the roll-out of the GST system hit the entrepreneurs and small scale manufacturing units severely. It was a period of chaos and confusion. There are cases of massive layoffs in the electronics and automobile industries. Private companies clashed with the local government for land acquisition. After the turbulence, it was the rupee’s turn to slide.

It decreased the value of our exports. A lot of international lobbying goes on during the purchase of equipment such as solar panels. All these issues lower the confidence of private players, and there is a lack of investments.

The government has also ignored the importance of primary and secondary education. Moreover, our record on the health factors is still poor. We need better outcomes in education and health domains to utilize human capital efficiently. It is the only way to make the ‘Skill India’ program a success.

For the ‘Make in India‘ program, mere willingness to spend on infrastructure and attracting FDIs will not suffice. The government needs to work at the grass-root level. It should strive for higher literacy rates, better healthcare facilities, and deeper awareness among the people.

 

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