Employment Opportunities through Make in Indian: An Analysis

Dr Virender Koundal

Volume : VI, Issue : II, February - 2016

Employment Opportunities through Make in Indian: An Analysis

Dr Virender Koundal

Abstract :

The ‘MAKE IN INDIA’ initiative was launched on September 25, 2014 with an aim of providing global recognition to the Indian economy. The program includes major new initiatives designed to facilitate investment, foster innovation, protect intellectual property, and build best–in–class manufacturing infrastructure and make the country a global manufacturing hub. At present manufacturing sector contributes about 16–17 percent to the GDP as compared to south East Asian countries like China, Korea and Indonesia, where the share is 40 to 50 % of GDP. Government is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share in GDP to 25 percent by 2022. The objective of this paper are four fold, firstly to study unemployment in India, secondly to study about the challenges of employment, thirdly to study make in India programme and lastly conclusion and suggestions for the success of the program. Census data revealed that 47 million young Indians, under the age of 24 were jobless and looking for work. Manufacturing plays a crucial role in absorbing surplus workers. The manufacturing sector is critical for the economy’s growth as it employs 12% of the country’s labour force as well as provides a transitional opportunity to the labour force in agriculture. In addition, the sector has a multiplier effect for job creation in the service sector. The changed economic environment has increased the demand for skilled manpower in the country which has made it necessary to focus on advancing the skills of the unemployed population of the country. For meet the challenges of employment, India needs to push hard on educational and health fronts and must try its every bit to inculcate the required skills in its workforce to make it as competent as its counterparts in the developed countries. It not needs suitable strategies to answer the challenges but also a proactive challenge in the execution of these strategies.