Make in India economics project grade 12

Make in India economics project grade 12

1. MAKE IN INDIA : the blueprint
for a self - reliant
economy

2. INDEX
Introduction to "Make in India"
Objectives of "Make in India"
Components of "Make in India"
Achievements of "Make in India
Challenges Faced by "Make in India"
Role of Technology and Innovation
Global Impact and Comparison
Case Studies of Companies and Sectors
Statistical Insights and Surveys
Analysis of Statistics and Survey Results
Conclusion and Future Prospects

3. INTroduction to
'Make in India'

4. What is "Make in India?”
"Make in India" had three stated objectives:
to increase the manufacturing sector's growth rate to 12-14% per annum;1.
to create 100 million additional manufacturing jobs in the economy by 2022;2.
to ensure that the manufacturing sector's contribution to GDP is increased to 25% by
2022 (later revised to 2025).
3.
The Make in India initiative was launched by Prime Minister in September 2014 as part of
a wider set of nation-building initiatives. Devised to transform India into a global design
and manufacturing hub, Make in India was a timely response to a critical situation. By
2013, the much-hyped emerging markets bubble had burst, and India’s growth rate had
fallen to its lowest level in a decade. The promise of the BRICS Nations (Brazil, Russia,
India, China and South Africa) had faded, and India was tagged as one of the so-called
‘Fragile Five’. Global investors debated whether the world’s largest democracy was a risk
or an opportunity. India’s 1.2 billion citizens questioned whether India was too big to
succeed or too big to fail. India was on the brink of severe economic failure, desperately
in need of a big push.

5. Objectives of "Make in India"

6. GoALS AND VISION
There are several targets aimed by the Make in India mission.
They are:
Raise in manufacturing sector growth to 12-14% per year.1.
Create 100 million additional jobs in the manufacturing
sector by 2022.
2.
Increase in the manufacturing sector’s share in the GDP to
25% by 2022.
3.
Creating required skill sets among the urban poor and the
rural migrants to foster inclusive growth.
4.
A rise in the domestic value addition and technological
depth in the manufacturing sector.
5.
Having an environmentally sustainable growth.6.
Augmenting the global competitiveness of the Indian
manufacturing sector.
7.

7. Components of "Make in India"

8. core sectors and
industries
Aerospace and Defence1.
Automotive and Auto Components2.
Pharmaceuticals and Medical Devices3.
Bio-Technology4.
Capital Goods5.
Textile and Apparels6.
Chemicals and Petro chemicals7.
Electronics System Design and Manufacturing
(ESDM)
8.
Leather & Footwear9.
Food Processing10.
Gems and Jewellery11.
Shipping12.
Railways13.
Construction14.
New and Renewable Energy15.
Information Technology & Information Technology
enabled Services (IT &ITeS)
1.
Tourism and Hospitality Services2.
Medical Value Travel3.
Transport and Logistics Services4.
Accounting and Finance Services5.
Audio Visual Services6.
Legal Services7.
Communication Services8.
Construction and Related Engineering Services9.
Environmental Services10.
Financial Services11.
Education Services12.
Manufacturing Sectors:
Services Sectors:

9. Policy Framework
and Reforms
KEY POLICY REFORMS
Ease of Doing Business1.
Simplification of licensing and permit processes.
Reduction in the number of regulatory clearances required.
Implementation of a single-window clearance system for faster approvals.
Foreign Direct Investment (FDI) Liberalization2.
Relaxation of FDI norms in key sectors such as defense, railways, insurance, and medical devices.
100% FDI allowed in several sectors under the automatic route.
Introduction of investment facilitation mechanisms like 'Japan Plus' and 'Korea Plus' to attract specific
country investments.
Tax Reforms3.
Introduction of the Goods and Services Tax (GST) to create a unified tax structure, reducing
complexities and lowering the cost of doing business.
Tax incentives and exemptions for manufacturing units set up in Special Economic Zones (SEZs) and
industrial corridors.

10. 4.Infrastructure Development
Development of industrial corridors and smart cities to provide state-of-the-art infrastructure.
Investment in upgrading logistics networks, including ports, highways, and railways.
5.Skill Development
Launch of the "Skill India" initiative to equip the workforce with necessary skills for manufacturing
jobs.
Establishment of training centers and vocational institutes to bridge the skills gap.
6.Innovation and Technology
Promotion of research and development (R&D) through initiatives like "Startup India" and "Atal
Innovation Mission."
Support for technology upgradation and adoption of advanced manufacturing techniques.
7 Sector-Specific Initiatives
Tailored policies for 25 key sectors, including automobiles, textiles, electronics, pharmaceuticals,
and renewable energy.
Development of sector-specific incentives and support mechanisms.

11. Implementation Mechanisms-
Investor Facilitation Cell (IFC)1.
Established to assist investors with regulatory approvals and provide hand-holding services
through the investment process.
Digital Platforms2.
Creation of a mobile-first website and a dedicated help desk to provide comprehensive
information and support to investors.
Use of social media to disseminate information and updates about opportunities and
reforms.
Public-Private Partnerships (PPP)3.
Encouragement of PPP models to leverage private sector expertise and investment in
infrastructure projects.
4. State Government Collaboration
Coordination with state governments to ensure implementation of reforms at the state
level.
Development of state-specific policies to complement national initiatives.

12. achievements
of make in
india

13. Achievements of "Make in India"
Economic Growth and Investment
Increased Foreign Direct Investment (FDI)1.
FDI inflows reached a record high, with India becoming one of the top destinations
for foreign investment globally.
Key sectors like telecommunications, pharmaceuticals, and IT saw significant
foreign investments.
2.GDP Contribution
The manufacturing sector’s contribution to GDP has increased, moving closer to the
target of 25%.
Sectoral Growth
Automobile Industry1.
India has become one of the largest automobile manufacturers globally, with major
global carmakers setting up manufacturing plants.
Significant growth in the production of passenger and commercial vehicles.

14. 2. Electronics Manufacturing
Major global electronics companies, such as Apple and Samsung, have established
manufacturing units in India.
Increased domestic production of smartphones, leading to a decrease in imports.
3. Renewable Energy
Expansion in the renewable energy sector, particularly in solar and wind energy
projects.
India has become a leading market for renewable energy investments and
development.
Infrastructure Development
Industrial Corridors and Smart Cities1.
Development of key industrial corridors like the Delhi-Mumbai Industrial Corridor
(DMIC) to boost industrial growth.
Implementation of smart city projects to improve urban infrastructure and living
standards

15. 2. Logistics and Transportation
Upgradation of ports, highways, and railways to facilitate smoother and
more efficient transportation of goods.
Introduction of dedicated freight corridors to enhance cargo movement.
Policy and Regulatory Reforms
Ease of Doing Business1.
Significant improvement in India’s ranking in the World Bank’s Ease of
Doing Business Index.
Simplified regulatory frameworks and reduced bureaucratic hurdles for
businesses.
Tax Reforms2.
Implementation of the Goods and Services Tax (GST), creating a unified
tax structure and reducing the complexity of doing business.
Introduction of tax incentives for startups and new manufacturing units.

16. Skill Development and Employment
Skill India Initiative1.
Training programs have been launched to equip the workforce with necessary
skills for the manufacturing sector.
Establishment of vocational training centers and collaboration with industry
partners for skill development.
Job Creation2.
Creation of millions of jobs in the manufacturing sector, contributing to overall
employment growth in the country.
Innovation and Technology
Startup India and Atal Innovation Mission1.
Promotion of entrepreneurship and innovation through support for startups and
new businesses.
Establishment of innovation hubs and incubation centers across the country.

17. 2. Technological Advancements
Adoption of advanced manufacturing technologies and Industry 4.0
practices in various sectors.
Increased investment in research and development (R&D) to drive
innovation.
Global Recognition
International Partnerships1.
Strengthened international collaborations and partnerships with
countries like Japan, South Korea, and the United States.
Successful bilateral agreements to enhance trade and investment.
Global Manufacturing Hub2.
Recognition of India as a growing global manufacturing hub, attracting
multinational companies to set up operations.
Increased export of manufactured goods, boosting India's trade balance.

18. Statistical Insights
of make in india

19. STATISTICAL INSIGHTS-
Sector-Specific FDI Growth1.
Telecommunications: Over $37 billion (2014-2021)
Pharmaceuticals: Over $17 billion (2014-2021)
IT and Software: Over $74 billion (2014-2021)
Automobiles: Over $23 billion (2014-2021)
Construction Development: Over $25 billion (2014-2021)
Service Sector: Over $80 billion (2014-2021)
Economic Impact
Manufacturing Sector GDP Contribution1.
Increased from 15% of GDP in 2014 to approximately 17% by
2021.
Target: 25% of GDP by 2025.

20. Sector-Specific FDI Growth1.
Telecommunications: Over $37 billion (2014-2021)
Pharmaceuticals: Over $17 billion (2014-2021)
IT and Software: Over $74 billion (2014-2021)
Automobiles: Over $23 billion (2014-2021)
Construction Development: Over $25 billion (2014-2021)
Service Sector: Over $80 billion (2014-2021)
Economic Impact
Manufacturing Sector GDP Contribution1.
Increased from 15% of GDP in 2014 to approximately 17%
by 2021.
Target: 25% of GDP by 2025.
Export Growth2.
Manufacturing Exports:
2014-15: $230 billion
2020-21: $290 billion
Significant increase in exports of electronics, automobiles,
and pharmaceuticals.

21. Sectoral Achievements
Automobile Industry1.
Market Position: India became the fourth-largest automobile market in
2019.
Production:
2014-15: 23.4 million vehicles
2019-20: 29 million vehicles
Electric Vehicles (EVs): Increased focus on EV manufacturing with
significant policy support.
Electronics Manufacturing2.
Domestic Production:
2014-15: $29 billion
2019-20: $70 billion
Mobile Phones:
India became the second-largest mobile phone manufacturer globally.
Production increased from 60 million units in 2014 to over 250 million
units in 2020.
Renewable Energy3.
Installed Capacity:
2014: 35 GW
2021: Over 100 GW
Solar Energy Capacity:
2014: 2.6 GW
2021: 40 GW

22. Infrastructure Development
Industrial Corridors1.
11 planned industrial corridors with over 30 projects initiated.
Key corridors include:
Delhi-Mumbai Industrial Corridor (DMIC)
Chennai-Bengaluru Industrial Corridor (CBIC)
Amritsar-Kolkata Industrial Corridor (AKIC)
Bengaluru-Mumbai Industrial Corridor (BMIC)
Investments in these corridors expected to exceed $100 billion.
Smart Cities Mission2.
Cities: 100 smart cities planned.
Investments: Ongoing projects worth over $30 billion.
Focus Areas: Urban infrastructure improvements, smart solutions for
governance, water, energy, waste management, and transportation.
Ease of Doing Business
World Bank Ease of Doing Business Ranking1.
2014: 142nd position
2020: 63rd position

23. Regulatory Reforms1.
Starting a Business: Reduction in procedures and time required.
Construction Permits: Simplified process and increased transparency.
Electricity Connections: Streamlined application and approval process.
Insolvency Resolution: Introduction of the Insolvency and Bankruptcy
Code (IBC) to facilitate quicker resolution of insolvency.
Skill Development and Employment
Skill India Initiative1.
Training: Over 300 million people trained under various skill
development programs.
Institutions: Over 15,000 Industrial Training Institutes (ITIs) and
vocational training centers established.
Apprenticeships: Increase in apprenticeship opportunities through the
National Apprenticeship Promotion Scheme (NAPS).
Job Creation2.
Manufacturing Sector: Approximately 12 million new jobs created since
2014.
Overall Employment: Significant contribution to employment generation
across various sectors including manufacturing, IT, and services.

24. Innovation and Technology
Startup India and Atal Innovation Mission1.
Recognized Startups: Over 50,000 startups recognized.
Incubation Centers: Establishment of over 5,000 Atal Tinkering Labs and 100
Atal Incubation Centers.
Funding: Substantial government and private sector funding support for
startups.
R&D Investments2.
Expenditure: Increased R&D expenditure to over 0.7% of GDP.
Technology Parks: Significant investment in technology parks and innovation
hubs to support research and development.
Investment Facilitation
Investor Facilitation Cell (IFC)1.
Established: September 2014.
Services: Assists investors with regulatory approvals, hand-holding services
through pre-investment, execution, and after-care support.
Digital Platforms2.
Website: Mobile-first website providing comprehensive information and support
to investors.
Help Desk: Dedicated help desk for investor queries and assistance.
Social Media: Extensive use of social media for information dissemination and
updates.

25. Sustainable and Eco-Friendly
Initiatives

26. Renewable Energy Expansion
Installed Renewable Energy Capacity1.
Increased from 35 GW in 2014 to over 100 GW by 2021.
Solar energy capacity grew from 2.6 GW in 2014 to 40 GW in 2021.
Wind energy capacity increased from 22.5 GW in 2014 to 39 GW in 2021.
National Solar Mission2.
Target to achieve 100 GW of solar energy capacity by 2022.
Promotion of solar parks and ultra-mega solar power projects.
Incentives for Renewable Energy Projects3.
Various subsidies and incentives for the development of solar and wind
projects.
Promotion of rooftop solar installations through financial incentives and
net metering policies.
Electric Mobility
FAME India Scheme (Faster Adoption and Manufacturing of Hybrid and
Electric Vehicles)
1.
Phase I (2015-2019): Supported over 280,000 electric and hybrid
vehicles.
Phase II (2019-2022): Budget allocation of ₹10,000 crore ($1.4 billion) to
support the adoption of electric vehicles (EVs) and charging
infrastructure.

27. 2. Promotion of EV Manufacturing
Tax incentives and subsidies for EV manufacturers.
Reduction in GST rates for EVs from 12% to 5%.
Establishment of EV manufacturing hubs and battery manufacturing
facilities.
Green Manufacturing
Green Technology Adoption1.
Encouragement of green technology in manufacturing processes to
reduce carbon footprints.
Implementation of energy-efficient technologies and practices in
industries.
Sustainable Industrial Practices2.
Adoption of circular economy principles to minimize waste and promote
recycling.
Development of eco-industrial parks with shared infrastructure for
efficient resource utilization.
Clean Energy Financing
Green Bonds1.
Promotion of green bonds to finance renewable energy projects.
Indian companies and government entities issued green bonds worth over
$10 billion by 2021.

28. 2.International Collaborations
Partnerships with international financial institutions to fund sustainable
and eco-friendly projects.
Collaboration with countries like Japan and Germany for technology
transfer and financial support for green projects.
Smart Cities Mission
Sustainable Urban Development1.
Implementation of eco-friendly urban planning and smart infrastructure.
Focus on sustainable transport systems, energy-efficient buildings, and
waste management.
Green Buildings2.
Promotion of green building standards and certifications such as IGBC
and GRIHA.
Incentives for the construction of energy-efficient and sustainable
buildings.
Water Conservation and Management
Jal Shakti Abhiyan1.
Campaign to promote water conservation and rainwater harvesting.
Implementation of watershed development projects and restoration of
water bodies.

29. Waste Management and Recycling
Swachh Bharat Mission (Clean India Mission)1.
Nationwide campaign to eliminate open defecation and improve solid
waste management.
Promotion of recycling and waste-to-energy projects.
Extended Producer Responsibility (EPR)2.
Implementation of EPR guidelines for the management of e-waste and
plastic waste.
Encouragement of manufacturers to take responsibility for the end-of-life
disposal of their products.
Afforestation and Biodiversity Conservation
Green India Mission1.
Target to increase forest and tree cover by 5 million hectares.
Focus on enhancing biodiversity, ecosystem services, and climate
resilience.
Compensatory Afforestation Fund Management and Planning Authority
(CAMPA)
2.
Utilization of CAMPA funds for afforestation and conservation activities.
Restoration of degraded forest lands and wildlife habitats.

30. Sustainable Agriculture
Pradhan Mantri Krishi Sinchai Yojana (PMKSY)1.
Promotion of efficient irrigation practices to conserve water in
agriculture.
Adoption of micro-irrigation systems like drip and sprinkler
irrigation.
Organic Farming2.
Encouragement of organic farming through the Paramparagat Krishi
Vikas Yojana (PKVY).
Support for certification and marketing of organic produce.

31. Conclusion

32. Conclusion on "Make in India"
The "Make in India" initiative launched in 2014 aimed to transform India
into a global manufacturing hub and unleash the country's immense
potential in various sectors. Over the years, the initiative has made
significant strides, driving economic growth, fostering innovation, and
enhancing India's competitiveness in the global market.
Achievements and Impact
Economic Growth: "Make in India" has contributed to the growth of the
manufacturing sector, increasing its share of GDP and attracting
substantial foreign direct investment (FDI). The initiative has
propelled India's economic growth trajectory, creating millions of jobs
and driving industrial development.
1.
Sectoral Advancements: Several sectors including automobile,
electronics, renewable energy, and infrastructure have witnessed
remarkable growth and expansion under the initiative. India has
emerged as a leading destination for investment and manufacturing,
with key sectors experiencing significant development and
modernization.
2.

33. Conclusion on "Make in India"
The "Make in India" initiative launched in 2014 aimed to transform India
into a global manufacturing hub and unleash the country's immense
potential in various sectors. Over the years, the initiative has made
significant strides, driving economic growth, fostering innovation, and
enhancing India's competitiveness in the global market.
Achievements and Impact
Economic Growth: "Make in India" has contributed to the growth of the
manufacturing sector, increasing its share of GDP and attracting
substantial foreign direct investment (FDI). The initiative has
propelled India's economic growth trajectory, creating millions of jobs
and driving industrial development.
1.
Sectoral Advancements: Several sectors including automobile,
electronics, renewable energy, and infrastructure have witnessed
remarkable growth and expansion under the initiative. India has
emerged as a leading destination for investment and manufacturing,
with key sectors experiencing significant development and
modernization.
2.

34. Policy Reforms: "Make in India" has led to significant policy
reforms aimed at improving the ease of doing business,
simplifying regulations, and promoting entrepreneurship. The
introduction of initiatives like Startup India, FAME India, and
GST has streamlined processes and created a conducive
environment for business growth.
1.
International Recognition: The initiative has garnered
international recognition and strengthened India's global
partnerships. Enhanced collaborations with countries,
international organizations, and multinational corporations have
facilitated technology transfer, investment inflows, and
knowledge sharing.
2.
Future Prospects
Continued Growth: The momentum generated by "Make in India"
is expected to continue, driving further growth and diversification
of the Indian economy. With ongoing investments, policy reforms,
and technological advancements, India is poised to emerge as a
manufacturing powerhouse on the global stage.
1.

35. Focus on Sustainability: Moving forward, there is a growing
emphasis on sustainability, eco-friendly practices, and inclusive
growth within the framework of "Make in India." Initiatives
promoting renewable energy, electric mobility, green
manufacturing, and sustainable urban development will play a
crucial role in shaping India's future.
1.
Innovation and Technology: Innovation and technology will remain
central to the success of "Make in India," driving productivity,
efficiency, and competitiveness across sectors. Continued
investment in research and development, digital infrastructure, and
skill development will be vital for sustaining growth and fostering
innovation-led manufacturing.
2.
Global Leadership: As India advances on its journey towards
becoming a global manufacturing hub, it is poised to assume a
leadership role in shaping the future of global trade and economic
cooperation. By leveraging its demographic dividend,
entrepreneurial spirit, and technological prowess, India can
contribute significantly to global economic growth and development.
3.

36. In conclusion, "Make in India" has ushered in a new era of
economic transformation, positioning India as a dynamic and
resilient economy on the world stage. With its focus on
inclusive and sustainable growth, the initiative holds immense
promise for the future, empowering millions, driving innovation,
and realizing India's vision of becoming a prosperous and self-
reliant nation.