Driving Economic Growth by Promoting Manufacturing in India
Mayank1, Rachana Arya2
1Mr. Mayank, Assistant Professor, Department of Biochemical Engineering, B.T. Kumaon Institute of Technology, Dwarahat, (Uttrakhand), India.
2Ms. Rachana Arya, Assistant Professor, Department of Electronics and Communication Engineering, B.T. Kumaon Institute of Technology, Dwarahat, (Uttrakhand), India.
Manuscript received on March 03, 2021. | Revised Manuscript received on March 11, 2021. | Manuscript published on March 30, 2021. | PP: 24-26 | Volume-10 Issue-5, March 2021 | Retrieval Number: 100.1/ijitee.E86080310521| DOI: 10.35940/ijitee.E8608.0310521
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: 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.
Keywords: Make in India, Indian economy, Challenges, Vocal for local.