Driving Economic Growth by Promoting Manufacturing in India

For driving economic growth at the time of COVID-19 pandemic our Prime Minister has given a policy “Make in India: zero defect zero effect”. The aim is to alter the country into a worldwide industrialized hub. He encourages the organizations to manufacture their goods in India. Global industries are...

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Bibliographic Details
Published in:International journal of innovative technology and exploring engineering 2021-03, Vol.10 (5), p.24-26
Main Authors: Mayank, Mr, Arya, Ms. Rachana
Format: Article
Language:English
Online Access:Get full text
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Summary:For driving economic growth at the time of COVID-19 pandemic our Prime Minister has given a policy “Make in India: zero defect zero effect”. The aim is to alter the country into a worldwide industrialized hub. He encourages the organizations to manufacture their goods in India. Global industries are invited to formulate investment and locate factories in India and develop their merchandizes. But the question arrived why they will setup their industries? By using India’s extremely capable and skilled workforce, they generate zero defect output. What are the sectors where India can do better? Research for all the parameters are done in this paper. What are the different policies for lower and middle class people and how they will boost up their growth and help to develop the economy? Prime Mistier also focus on “3D” outlook policy: Democracy, demography and demand. Skill expansion programs are especially launched for people of rural cities.
ISSN:2278-3075
2278-3075
DOI:10.35940/ijitee.E8608.0310521