Modi’s contribution to make India a powerful and self-dependent country lead to the scheme- MAKE IN INDIA. In this scheme, the government focused on the abolition of imported goods from other countries and producing goods of our own. But somehow it didn’t come out as beneficial as it was expected to be.
There are various reasons why Make in India did not work out at least in international markets.
- First, it depends mainly on the public-private partnerships (PPP) instead of state-led development model.
- Second, the strategy was in the conflict due to its domestic demand. It is because it requires a continuous decline in the production cost, out of which is a part of wages to be provided to the workers. The problem can be resolved by decreasing the wages of the workers or by increasing the productivity of labor.
- Third, even if the growth is delivered it will be unfair for the workers in general.
- Fourth, raw materials contribute to the other part of the cost – that the corporates are given a free hand to exploit natural resources which leads to massive scams.
- Fifth, if this growth is not delivered then it would still be beheld by the importing nations.
As promised under Make in India campaign, India has failed to create an international market. As a result, Modi has promised to bring the pride back and to make the rupee powerful again.
About Make in India Campaign:
Make in India was launched by the Government of India on 25 September 2014 to encourage companies to manufacture their products in India and enthuse with dedicated investments into manufacturing. It is a type of Swadeshi movement and it is applicable across 25 sectors. As per in line with the Make in India, individual states too launched their own local initiatives, such as “Make in Odisha”,Vibrant Gujarat, “Happening Haryana” and “Magnetic Maharashtra”.