Prime Minister had launched yet one more campaign on sept. 25, 2014, titled
‘Make in India “. The objective is to encourage Indian industry and entrepreneurs to produce in India. Right now, manufacturing sector contributes only 15% of GDP. The objective is to raise it to 25%.
If manufacturing contributes 25% of our GDP, then obviously there will be the benefits of more employment and also higher incomes and reduced import bill. We may even reduce our gap with the Chinese which is biggest trade partner. The benefits are many. But can we achieve it ?
Hurdles to achieving the target of 25% contribution by manufacturing to GDP.
‘Make in India “. The objective is to encourage Indian industry and entrepreneurs to produce in India. Right now, manufacturing sector contributes only 15% of GDP. The objective is to raise it to 25%.
If manufacturing contributes 25% of our GDP, then obviously there will be the benefits of more employment and also higher incomes and reduced import bill. We may even reduce our gap with the Chinese which is biggest trade partner. The benefits are many. But can we achieve it ?
Hurdles to achieving the target of 25% contribution by manufacturing to GDP.
