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MAKE IN INDIA
Shahzad Musawwir Farid
Job Creation and Economic
Development and to give the Indian
economy global recognition
India is one of the world's fastest-growing
The tenth-largest in the world by nominal
GDP and the third-largest by purchasing
power parity (PPP).
India has been recording sustained trade
deficits since 1980 mainly due to the high
growth of imports, particularly of crude oil,
gold and silver.
India is heavily dependent on crude oil imports,
with petroleum crude accounting for about 34
percent of the total imports.
The country also imports: gold and silver,
machinery , electronic goods and pearls, precious
and semi- precious stones .
India’s main import partners are China , United
Arab Emirates , Saudi Arabia, Switzerland and the
United States .
A. EXPORTS (Receipts)
Exports during October, 2014 were valued at US $ 12,146
Million (Rs. 74505.99 Crore).
B. IMPORTS (Payments)
Imports during October, 2014 were valued at US $ 5,942
Million (Rs. 36449.42 Crore).
C. TRADE BALANCE
The trade balance in Services (i.e. net exports of Services) for
October, 2014 was estimated at US $6204 Million.
Invited global companies to pick India to
locate factories, promising to replace red tape
with red-carpet welcomes.
• To make India break into the top 50 in the
World Bank’s ease of business index ranking
from the current 134th position.
"Our manufacturing should have zero
defect so that our products should not
be rejected in the global market. Besides,
we should also keep in mind that
manufacturing should not have any
negative impact on our environment."
Make in India is an international
marketing campaigning slogan coined
by the Prime Minister of India, on
September 25, 2014 to attract
businesses from around the world to
invest and manufacture in India.
The highlights and purpose
of Come, Make in India are-
The campaign, 'Make in India' is aimed at
making India a manufacturing hub and
economic transformation in India while
eliminating the unnecessary laws and
regulations, making bureaucratic processes
easier and shorter, and make government
more transparent, responsive and
Following sectors have been
included by the Government in
#1 Guide Foreign Investors •
#2 Assistance to Foreign Investors •
#3 Prompt Response •
#4 Provide Relevant Information •
#5 Proactive Approach
• India’s chronic infrastructure and inefficient
transport networks makes it tough for
manufacturing companies to achieve just-in-
• A large chunk of manufacturers in India even
believe that globalization is a myth for them and
they consider global opportunities as threat for
their domestic business.
• Currently, it takes 12 procedures and 27
days to start business, 35 procedures and
168 days to get construction permits and
1420 days to enforce contracts in India.
This is not the first time India is
focusing on its manufacturing sector.
In 2006, the UPA government put out a
national strategy for manufacturing. It
even dubbed 2006-15 as the “decade of
manufacturing in India.”
Mukesh Ambani said in order to succeed in
this campaign, it was important to be open to
capital and expertise from all over the globe,
and implementation of GST will make India
one market and strengthen overall Make in
The Goods and
Services Tax (GST) is a
Value Added Tax
(VAT) to be
implemented in India,
the decision on which
It will replace all
indirect taxes levied
on goods and services
by the Indian Central
customs duty, central
excise duty, service tax,
sales tax, value added tax
Coinciding with Prime Minister Narendra
Modi’s ‘Make in India’ pitch, the Chinese
government has launched a ‘Made in China’
campaign with a host of tax concessions in
an effort to retain its manufacturing prowess.
• China will encourage high-tech imports,
research and development (R&D) to upgrade
‘Made in China’, a decision by the Chinese
central government said.