The Prime Minister of India, Shri Narendra Modi launched an initiative named Make in India on 25th of September, 2014 in New Delhi. The aim of this campaign is to provide India an economic global recognition. While launching the programme, P.M. said that investors should take it as an opportunity and not as market in India. This campaign aimed to renew an Indian economy from a services-driven growth model to labour-intensive manufacturing-driven growth. A successful implementation of the programme will be the reason of employment for more than 10 million people in India. This is an effective plan which will attract top foreign companies to set up their business here in India.
In order to attract foreign capital, huge changes have been made in defence, the manufacturing and insurance sectors, however, according to the analyst, they need to do in more effective manner. More employments in the country will boost the purchasing power of common man. India is a country having unique combination of demography, democracy and demand which can benefit the investors.
Because of the lack of resources and wider clarity on policy issues, Indian businessmen too were planning to quit India and set up their businesses somewhere else. If this continued, it would have caused more poor economy. Make in India campaign with various effective resources will draw the attention of worldwide top businessmen to invest in India for any related business. In order to avoid the compulsion of Indian businesses to another country, the government has launched this attractive plan.
The dream of P.M. Narendra Modi is to make this country free of unemployment by bringing development and growth-oriented employment through his effective governance. Poverty in India can be reduced to a great level by solving the unemployment issue for youths which in turn may solve various social issues.