Economics Art Integrated Learning - Make In India.pptx

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1. St. Joseph’s Convent Sr. Sec. School, Sagar, M.P. 2020-21 Art Integrated Learning Subject : Economics (030) Topic : Make In India [UNIT 10: EMPLOYMENT & UNEMPLOYMENT] [MACROECONOMICS]

2. Index Introduction Objectives Impacts Advantage & Disadvantages Countries Making Big in India Current Events Collage Conclusion 2

3. Chapter - 1 Introduction

4. Make In India

5. Make In India Make in India, a type of Swadeshi movement covering 25 sectors of the economy, was launched by the Prime Minister of India Mr. Narendra Modi on 25 September 2014 to encourage companies to manufacture their products in India and enthuse with dedicated investments into manufacturing . As a strategy it is the road map to respond to glocal (global + local) challenges through preparations for a World class manufacturing status & knowledge infrastructure that should create further knowledge for stepping on to global competitiveness.

6. Why Make In India? 6

7. Why Make In India? Ultimate objective is to make India a renowned manufacturing hub for key sectors. Companies across the globe would be invited to make investment and setup factories and expand their facilities in India. Using India's highly talented and skilled manpower to create world class zero defect products . The purpose of Make in India Campaign: Job Creation Economic Development Global Recognition 7

8. Mission of Campaign: "Manufacture in India and sell the products worldwide." 8

9. Chapter - 2 Objectives of Make In India

10. Objectives of Make In India

11. Objectives Of Make In India The major objective behind this programmes is to focus upon the heavy industries, public enterprises which generating employment in India . The programme is launched to facilitate investment . To Foster innovation . To enhance skill development . To protect intlectual property . To build best in class manufacturing infrastructure. 11

12. Objectives Of Make In India To enhance the growth of the manufacturing sector of India by 12-14% annually. To create 100 million additional manufacturing jobs in the Indian economy by 2022. To ensure the contribution of the manufacturing sector in GDP is increased by 25% by 2022. The direct impact of the Make in India movement was seen when World Bank in 2019 acknowledges India’s jump of 23 positions against its rank of 100 in 2017 to be replaced now by 63rd rank among 190 countries.  12

13. 13 Chapter - 3 Impacts of Make In India

14. 14 Impacts of Make In India

15. Impacts of Make In India 15 The main focus of Make in India Campaign is mainly on 25 sectors. These were: IT and BPM Roads and highways Aviation Leather Space Biotechnology Media & Entertainment Textiles and garments Chemicals Mining Thermal power Construction Oil and gas Tourism, Hospitality Defense manufacturing Pharmaceuticals Wellness Ports Electronic system Railways Electrical machinery

16. Impacts of Make In India 16 Almost every sector is capital-intensive and demands a lot of skill. So, with the more and more investment in these sectors, the main focus will be on increasing employment and the use of advanced technology . It c reates a policy framework to ease foreign investment, ease of business and management of intellectual property. This helps industries to establish their manufacturing bases in India.. Exports from such industries help in contributing to our foreign exchange reserve. Most importantly, such an initiative helps bring critical knowledge about manufacturing and production into the Indian population. This initiative, by Mr. Modi is literally inviting the rich and semi-rich countries to step in India and invest their money for the future of India.

17. 17 Chapter - 4 Advantages & Disadvantages of Make In India

18. 18 Advantages & Disadvantages of Make In India

19. Advantages of Make In India At present India has a large workforce to cater to the needs of foreign investors. Skilled labour is easily available in our country because of the high rates of unemployment. All these factors have developed India as an outsourcing hub of the world . Numerous measures focusing on the ease of doing business in India have been launched under the Make in India program . This initiative of the government is helping in skill development, driving foreign investment, encouraging innovations and above all providing employment to the unemployed youth of the nation. 19

20. Some of the achievements under Make in India initiative Foreign Direct Investment (FDI ) The Government of India amended the FDI policy in 2014 to increase the FDI inflow. The government increased the foreign investment upper limit from 26% to 49% in insurance sector . Ease of Doing Business Recently India climbed 14 ranks in the World Bank’s annual report on Ease of Doing Business, ‘Doing Business 2020. It would strengthen the value of India rupee against the domination of the American dollar. This campaign will ensure definite growth and valuable employment construction in the country. It will provide advantages to both the investors and our country. This campaign will help Indian GDP growth. 20

21. Negligence of Agriculture Depletion of Natural Resources Loss for Small Entrepreneurs Disruption of Land Manufacturing based Economy Interest in International Brands Pollution Bad Relations with China 21 Disadvantages of Make In India

22. 22 Chapter - 5 Countries Making Big In India

23. 23 Countries Making Big In India

24. USA 24 France Germany UAE Japan Countries Making Big In India

25. 25 Countries Making Big In India UNITED STATES India and America have had strong business relations over the many years and several American companies are fulfilling the indispensable needs of the Indian market. From searching online through Google to drinking Coca Cola, or using the latest I-phones by Apple, the Indian consumer is, by and large, a dedicated follower of American companies. American companies are preparing to set up an alternative to China by investing in India. 1  Some renowned American companies are Amazon, Citibank, Coca-Cola, Ford India, Google, American Express, Pepsico , Hewlett Packard, IBM, JP Morgan Chase, Adobe Systems Incorporated, Apple Inc., Microsoft Corporation, Cognizant, Oracle.

26. 26 Countries Making Big In India JAPAN Holding the baton in automobiles and electronics sector, Japanese companies were amongst the 1 st  ones to enter India. An incredible 1,305 Japanese companies are registered in India. Japan and India share strong ties, as India seeks Japanese expertise in sectors such as infrastructure, energy and manufacturing. India-Japan Cooperation Act East Forum, established in 2017 has been a driving force to advance India-Japan cooperation. 1  Japanese companies have a huge opportunity in India and since years Japan is dominating the Indian market through brands like Suzuki, Honda, Sony and Panasonic etc. Japan proposes to triple infrastructure orders to about US$300 bn by 2020. 2  A few big Japanese companies are Hitachi, Mitsubishi, Toshiba, Canon, Toyota, Yamaha, Panasonic, Honda, Sony, Suzuki.

27. 27 Countries Making Big In India UNITED ARAB EMIRATES India has strong bilateral ties in the middle east, especially with the United Arab Emirates. Cumulative foreign direct investment (FDI) equity flows from UAE into India reached US$898 mn in 2018-2019. 1  In a recent development, Abu Dhabi Investment Authority (ADIA) announced its decision to invest US$ 1 bn in the National Investment & Infrastructure Fund, India’s attempt to raise equity funds for the infrastructure sector. The United Arab Emirates (UAE) intends to use India as a food security base and plans to invest in its agriculture sector. More specifically, the UAE plans to increase its imports of Indian food grains and horticulture products. UAE has already launched talks with various state governments for this purpose. Some key companies functioning in India include Emaar, DP World, Abu Dhabi’s National Petroleum Construction Company, Abu Dhabi National Energy Company, Drake and Scull International. .

28. 28 Countries Making Big In India GerMANY Indo-German trade story dates back to the 16th century when the German companies started manufacturing in India. Some notable names are Krupp AG & Demag , who set-up the Rourkela Steel plant, while, Bosch set-up its 1st unit to make spark plugs in 1953, followed by Siemens, Bayer, Daimler-Benz, etc. India has more than 1,600 German companies and over 600 Indo-German joint ventures in operation which include big names like, BMW, Volkswagen, SAP, Siemens AG, and Merck. FDI from Germany has increased more than 41% from 2013-14 and has reached a cumulative amount of US$ 4.50 bn till 2017-18.1 Government of India is seeking investments from German companies in areas including smart cities and construction of airports to increase economic cooperation between themselves

29. 29 Countries Making Big In India France Increase trade in goods to US$ 16.7 bn by 2022. To encourage SMEs and mid-cap companies, to play a growing role in the economic and commercial exchanges between the two countries. Promote Make-in-India initiative for Indian and French defence enterprises to enter into arrangements for co-development and co-production of defence equipment in India. Scorpene submarine; Defence Research and Development Organisation (DRDO) and SAFRAN discussions; Rafale are some prospects being aggressively considered

30. 30 Chapter - 6 Current Events Related to Make In India

31. 31 Current Events Atmanirbhar Bharat: Delhi Metro and Central Electronics Limited recently signed a Memorandum of Understanding for developing various indigenous rail engineering and system technologies . Atmanirbhar Bharat: The agreement is signed with Bharat Electronics Limited for developing indigenous platform screen doors in the Delhi-Meerut regional rapid transit system . Dish TV India has announced it has shifted the production of its set-top boxes (STBs) to India. This comes as a demonstration of commitment to the Indian government’s ‘Make in India’ initiative . Tata Sky has tied up with Technicolor in order to develop set-top boxes for the Indian market that will be manufactured and distributed within the country . India's latest set of incentives to entice businesses moving away from China seem to be working, with companies from Samsung Electronics Co to Apple Inc's assembly partners showing interest in investing in the country . Union Home Minister Amit Shah on Saturday reiterated Prime Minister Narendra Modi's vision of "Vocal For Local" saying that people should now make it the mantra of their lives and move towards Make in India as well as Make for World . Prime Minister Narendra Modi unfurled the national flag and delivered his seventh consecutive Independence Day speech from the iconic Red Fort this morning.

32. Chapter 7 Collages 32

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35. Chapter 8 Conclusion 35

36. Conclusion 36 Make in India initiative focuses on enhancing skill development, build manufacturing infrastructure and make India a global manufacturing hub. This scheme launched by the government intends to attract investments from across the globe and create employment opportunities for the youth of the country. There are about twenty-five sectors of Make in India initiative that needs to be promoted to cater to the needs and demands of foreign investors. All in all, this is an excellent initiative taken by the government of India which is aiming at the overall development of the nation. However, there is a need to reform the labour laws, curb corruption and remove bureaucracy from the country to make India more feasible to invest in and start a new business .

37. 37 Bibliography Times Of India Indian Economic Development by V.K. Ohri www.MakeInIndia.com Google

38. 38 Thank You For Watching!