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What is the ‘Make in India’ Initiative? - UPSC Economy
What is What is the ‘Make in India’ Initiative? in UPSC Economy?
What is the ‘Make in India’ Initiative? is a key topic under Economy for UPSC Civil Services Examination. Key points include: <strong>‘Make in India’</strong> launched on <strong>Sept 25, 2014</strong>, to boost domestic manufacturing.. Objectives: <strong>12-14%</strong> manufacturing growth, <strong>100 million</strong> jobs by <strong>2025</strong>, <strong>25%</strong> manufacturing share in <strong>GDP</strong> by <strong>2025</strong>.. Four pillars: <strong>New Processes</strong> (ease of doing business), <strong>New Infrastructure</strong> (industrial corridors, IPR), <strong>New Sectors</strong> (liberalized FDI), <strong>New Mindset</strong> (government as facilitator).. Understanding this topic is essential for both UPSC Prelims and Mains preparation.
Why is What is the ‘Make in India’ Initiative? important for UPSC exam?
What is the ‘Make in India’ Initiative? is a Medium-level topic in UPSC Economy. It is tested in both Prelims (factual MCQs) and Mains (analytical answer writing). Previous year UPSC questions have frequently covered aspects of What is the ‘Make in India’ Initiative?, making it essential for comprehensive IAS preparation.
How to prepare What is the ‘Make in India’ Initiative? for UPSC?
To prepare What is the ‘Make in India’ Initiative? for UPSC: (1) Study the comprehensive notes covering all key concepts on Vaidra. (2) Practice previous year questions on this topic. (3) Connect it with current affairs using daily updates. (4) Revise using key takeaways and mind maps available for Economy. (5) Write practice answers linking What is the ‘Make in India’ Initiative? to related GS Paper topics.
Key takeaways of What is the ‘Make in India’ Initiative? for UPSC
- <strong>‘Make in India’</strong> launched on <strong>Sept 25, 2014</strong>, to boost domestic manufacturing.
- Objectives: <strong>12-14%</strong> manufacturing growth, <strong>100 million</strong> jobs by <strong>2025</strong>, <strong>25%</strong> manufacturing share in <strong>GDP</strong> by <strong>2025</strong>.
- Four pillars: <strong>New Processes</strong> (ease of doing business), <strong>New Infrastructure</strong> (industrial corridors, IPR), <strong>New Sectors</strong> (liberalized FDI), <strong>New Mindset</strong> (government as facilitator).
- Aims to facilitate investment, foster innovation, enhance skill development, and protect intellectual property.
- Crucial for <strong>‘Atmanirbhar Bharat’</strong>, driving economic growth, and integrating India into global supply chains.
- Supported by initiatives like <strong>Production Linked Incentive (PLI) schemes</strong> across various sectors.
What is the ‘Make in India’ Initiative?
Medium⏱️ 7 min read
economy
📖 Introduction
Introduction to Make in India
The ‘Make in India’ initiative is a flagship program launched by the Government of India. Its primary aim is to transform India into a global manufacturing hub.
The campaign was initiated to attract and facilitate both domestic and foreign investment in various sectors across the country. It seeks to create a conducive environment for businesses to thrive.
Key aspects of the initiative include fostering innovation, enhancing skill development, protecting intellectual property, and building world-class manufacturing infrastructure.
Key Objectives of Make in India
The initiative set ambitious targets to boost the manufacturing sector and its contribution to the Indian economy. These objectives were crucial for achieving sustainable economic growth and creating employment opportunities.
- Increase Manufacturing Growth Rate: To achieve a growth rate of 12-14% per annum in the manufacturing sector.
- Job Creation: To create 100 million additional manufacturing jobs. Initially targeted by 2022, this was later revised to 2025.
- GDP Contribution: To increase the manufacturing sector’s contribution to India's GDP to 25% by 2025.
Pillars of ‘Make in India’
The ‘Make in India’ initiative is built upon four foundational pillars designed to create a holistic ecosystem for manufacturing growth. These pillars address various aspects from policy to infrastructure.
New Processes
This pillar focuses on improving the regulatory and business environment to make India an attractive destination for manufacturing. It emphasizes streamlining procedures and reducing bureaucratic hurdles.
The government recognized the critical importance of ‘ease of doing business’ for fostering entrepreneurship. Various measures have been implemented to simplify regulations.
These improvements aim to create a more predictable and transparent business environment for both new startups and established enterprises.
New Infrastructure
Developing robust and modern infrastructure is vital for supporting a thriving manufacturing sector. This pillar focuses on physical and digital connectivity, as well as innovation ecosystems.
The government prioritized the development of industrial corridors and smart cities to provide world-class infrastructure. This includes better logistics, power, and connectivity.
Additionally, efforts were made to enhance innovation and research through streamlined registration systems and improved intellectual property rights (IPR) infrastructure. This supports indigenous R&D.
New Sectors
To attract investment and expand manufacturing capabilities, the initiative significantly opened up various sectors for foreign participation. This broadened the scope for international collaboration and technology transfer.
Foreign Direct Investment (FDI) norms were liberalized in key sectors, including Defence Production, Insurance, Medical Devices, Construction, and Railway infrastructure. This attracted global players.
💡 Key Takeaways
- •<strong>‘Make in India’</strong> launched on <strong>Sept 25, 2014</strong>, to boost domestic manufacturing.
- •Objectives: <strong>12-14%</strong> manufacturing growth, <strong>100 million</strong> jobs by <strong>2025</strong>, <strong>25%</strong> manufacturing share in <strong>GDP</strong> by <strong>2025</strong>.
- •Four pillars: <strong>New Processes</strong> (ease of doing business), <strong>New Infrastructure</strong> (industrial corridors, IPR), <strong>New Sectors</strong> (liberalized FDI), <strong>New Mindset</strong> (government as facilitator).
- •Aims to facilitate investment, foster innovation, enhance skill development, and protect intellectual property.
- •Crucial for <strong>‘Atmanirbhar Bharat’</strong>, driving economic growth, and integrating India into global supply chains.
- •Supported by initiatives like <strong>Production Linked Incentive (PLI) schemes</strong> across various sectors.
🧠 Memory Techniques
98% Verified Content
📚 Reference Sources
•Press Information Bureau (PIB), Government of India
•NITI Aayog reports and publications
•Drishti IAS Economy Study Material