Volume : VII, Issue : XI, November - 2017

MAKE IN INDIA: A REALITY OR AN ILLUSION FOR THE FOREIGN DIRECT INVESTMENT

Lipsa Das

Abstract :

 Rapidly increasing global competition has provided the manufacturers from around the globe the opportunities of cheap labour, raw material, potential high profit making markets. The insight of the role foreign direct investment inflows plays in the development process has evolved over time. FDI inflow acts as a stimulant to the growth process for the economy as a whole. “Make in India” is an international marketing strategy, conceptualized by the Prime Minister of India, Narendra Modi to attract investments from businesses around the world and make India the manufacturing Hub.  This initiative focused on removing the barriers on FDI investment in India across various sectors. It  is a new national program designed to facilitate investment (both domestic and foreign) in India, fostering innovation, intensify skill development, generate employment opportunities, preventing ain drain and making the use of internationally standardized technology affordable for Indian citizens.  The Make in India initiative resulted into affirmative changes in the FDI flow in the country which is a positive sign for the growth of the country as a whole. India may surpass China in attracting foreign direct investment, as after the implementation of the reforms in India. After the campaign, FDI equity flow through automatic route and approval route is 90.24% and 9.76% respectively. The rising FDI inflows has not only provided a stable source of financing for the current account deficit problem, but also expected to ing technical know–how, which may help in boosting India’s productivity growth in the near future

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Lipsa Das, MAKE IN INDIA: A REALITY OR AN ILLUSION FOR THE FOREIGN DIRECT INVESTMENT, INDIAN JOURNAL OF APPLIED RESEARCH : Volume-7 | Issue-11 | November-2017

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