The Insight to look Ahead

MAKE IN INDIA

ByRV Subramanian

1. Prospect.2. Role of GDP.3. Major exports & imports.4. Indian Industries.5. Chances to boom manufacturing.6. Value added products.7. Foreign investment in India.

contents

Economics of the world.Promote manufacturing sector.Utilize the power of youth.Improve the import-export statistics.

Prospect

The monetary value of all the finished goods and services produced within a country's borders in a specific time period.

Role of GDP

Oil & petroleum crude (39.5%).Gems & precious metals (14.5%).Machines, engines & pumps.Electronic equipments.Organic chemicals.

Major imports

Oil & petroleum products (refined, 20.7%).

Gems, pearls, jewellery (13.1%).Pharmaceuticals.Vehicles.Cotton & readymade garments.

Major exports

INDIAN JUGGERNAUTS in manufacturing sector.

Reliance industries

TATA Steel

Larsen & Tubro

Maruti Suzuki

HERO motocorp

HCL

Dr.REDDY’s

Bharat Electronics

Chances to boom MANUFACTURI

NG

AGRO based production

Double agricultural output in 10yrs.

Achieve 500mn tonne overall.Export 200mn tonnes.Food bowl of the world.

Agglomeration of land: a) Consolidate land holdings.b) Technology implementation.c) APMC.

Employ graduates:d) 65 universities.e) Science + Agri-mind.

Emphasise

Lack of technology:

a) Select the right crop.b) Test the soil routinely.c) Quality of seed.d) Optimum usage of water.e) Appropriate mechanisation.

Not just desirable but immensely feasible.Harvest the benefits in next two seasons.+ve impact on growth

Export soya bean to China.

Cotton industry

Fully integrated industry.Yarn, fabrics, garments.$40bn-current export.

Value added products

The total value of the millions of products churned out in Indian factories is recorded in India’s current account.

 Measures the net difference between exports and imports of goods and services.

COME make in IndiaInvite foreign investment

Implement UMPP’s.Special schemes.Harvest nuclear

power.

Enhance power sector

Allocating industrial sites at suitable locations.

Extending transportation facilities through Railway lines.

Skilled labour .

PPP approach

In 2012, India refused to sign CO2 emission pact at the UN conference.

Stern negotiations

“Lets start using the Yojna bhavan to illuminate ideas. Sow the seeds for our future Bhojna !!”

1. The Industrial Economist, July 2014.

2. Wikipedia.org3. Livemint.com

References