Skip to main content

Posts

Showing posts with the label Indian industries

MAKE IN INDIA- WHAT IS IT AND HOW IT WILL BETTER OUR LIVES?

"Make in India" is the new initiative by the Government of India to indigenously develop the products in India rather than import and rely on foreign vendors. India relies on foreign products and services to drive it's massive economic growth. WHAT IS "MAKE IN INDIA" India after independence had closed it's economy to foreign investors and opted for public undertakings to build it's industrial base. A take from the socialistic era, the early planners wanted the Indian economy be driven by the public sector, but the private sector was allowed to continue, but was severely hampered by the so called "license raj" which saw a lot of bureaucratic impediments and red tapism.  Massive industries were set up in the public sector in areas ranging from steal to locomotives, sugar and aeroplanes. They formed the base for building a strong industrial infrastructure which saw the break from buying everything from tooth brush to nails from a