INDIA'S LION LEAP

INDIA'S LION LEAP

India is the world's seventh largest country, second most populated country and most rapidly developing country in the world. By 2017 India became the sixth largest by nominal GDP and third largest purchasing power in the world.

Despite such growth in seventy years since independence India was not able to manufacture many things in their own country. They are depended on other countries for such things in exchange of which Government of India had to pay huge sums. For example India depends majorly on Russia for defense and military equipment,despite being one of the largest electrical products market in the world India depends upon China for electrical goods.

Government of India realizing despite having huge demand in their own country it had very less production units. Therefore under the leadership of Hon'ble prime minister Shri Narendra Modi, the government launched the Make in India initiative on 25th September,2015 to encourage national, as well as multi national companies to manufacture their products in India.

India has 65% of it's population under 35 and 50% of it's population under 25,therefore the Make in India initiative would give good opportunities to the youth as well as would play a vital role in the development of the country.

The launching of the event was a enormous success.After the initiation of the program in 2015 India became the top global destination for foreign direct investment ousting the United States of America and People Republic of China and received US 63$ billion in foreign direct investment (FDI). India using this initiative wants to develop 25 sectors including automobile, aviation, chemical, defense and military equipment manufacturing, electrical manufacturing, information technology,food processing textiles etc.

Though it seems a bright and a successful path but its quite a hard task too.India ranks 100th out of 190 countries in world bank's index ease of doing business.Therefore it is a major obstacle for the government to improve the conditions to promote business.India also has not been able to provide roads,security,electricity before therefore it is certainly going to be a major obstacle in their initiative. But the initiative has certainly grabbed attention of multi billionaire competencies like Lenovo, Motorola, Huwai, Foxconn who are already thinking of using this opportunities for cheap manufacture in India.

Make in India initiative has not only focuses on foreign companies to invest in India,but also want the youth of India to use this opportunity to use their knowledge and research to do something,big and great.This initiative also wants to promote research and development which will certainly help India in achieving great heights.Mr Amol Yadhav is a striking example of youth inspired by make in India initiative. Yadav had created quite a stir during the Make in India week held in Mumbai in February this year with his six-seater passenger plane TAC-003, which he built along with his family and friends on the terrace of his flat in Charkop, Mumbai. Government of Maharashtra (state of India) has also supported his plans and they assume that if he is successful it would revolutionize air travel in India.

If many youth like him use this opportunity then soon India will be a self sufficient country which would provide goods to the world in future. If this initiative is successful the no one would be able to stop India from becoming a super power in the world.

Source:

1)https://en.wikipedia.org/wiki/Make_in_India

2)https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/first-plane-to-be-made-in-india-may-fly-out-of-maharashtra/articleshow/53611018.cms

3)http://www.makeinindia.com/about

Image source:

1)https://upload.wikimedia.org/wikipedia/en/4/46/Make_In_India.png
2)https://upload.wikimedia.org/wikipedia/commons/1/15/Narendra_Modi_launches_Make_in_India.jpg
3)https://cdn.static-economist.com/sites/default/files/images/2017/10/articles/main/20171021_wbp501.jpg