Analysing Innovative Idea of 'Make In India': India's Journey from 10th Largest to 5th Largest Economy

Every country has an urge to become a strong economy in the world. Industrialisation, infrastructure development, attracting foreign investments are some of the key areas which a lot of developing countries are focusing on. It is evident historically that Manufacturing is imperative for rapid development of a nation and its economy. India is one of the fastest growing economy in the world, which has been mainly an agriculture based economy until 1980s. Late 1990s, the IT Services sector accelerated and became dominant. Manufacturing of goods and services was slow paced during this period. The IT Services sector flourished year on year since then and India was called back office for the world in services like IT, Business Processes Outsourcing, Call Centres etc. In 2014, India’s honorable Prime Minister Narendra Modi, realized the necessity of manufacturing sector and initiated a campaign, “Make in India” with an aim to become a manufacturing hub and investment destination. Like any other developed nation, India started focusing on huge capital investment, building strategic partnerships, enhanced infrastructure, extensive government incentives for Foreign Direct investments and start-ups, industry collaborations, etc. Its journey, mainly from agriculture based economy to a service based and to now, emerging as a manufacturing based, is very fascinating in itself. This dissertation, through literature research, explores the areas in which India has made extensive progress under “Make in India” campaign and compare with other countries that have already implemented such business model. Out of all 25 sectors introduced under MII, Aerospace sector is researched as a case study. A detailed analysis of Make in India will be conducted and a conclusion will be drawn. The dissertation will also complement any previously performed research studies on this topic. The literature review of Make in India is purely for academic purposes and for any future research studies.

Name dc:type.qualificationname

msc

Level dc:type.qualificationlevel

masters

Grantor dc:publisher.institution

University of Wales Trinity Saint David

Year dc:date.issued

2024

Author dc:creator

• Chalavadi, Sreenivasa

• TS Diwydiannau

Dc Identifier Grantnumber

UWTSD

OAI identifier oai:identifier

oai:repository.uwtsd.ac.uk:3090