HOW HAS THE MAKE IN INDIA POLICY AFFECTED INDIA’S ECONOMIC GROWTH OVER THE PAST 10 YEARS?

Authors

  • Ayaan Kedia Research Scholars Program, Harvard Student Agencies, In collaboration with Learn with Leaders

Keywords:

Make In India, Economic Growth, Positive Impacts, Negative Impacts, Foreign Direct Investment, GDP Growth Rate, Unemployment Rate, Arable Land, Pollution Levels

Abstract

Since its implementation in 2014, the Make in India program has had a profound impact on India's economy, leading to record-breaking figures in various economic indicators. However, as with any nationwide program, there are industries that have not reaped the intended benefits. This research article examines both the positive and negative impacts of the Make in India program to provide a comprehensive understanding of its overall effect. By analyzing factors such as foreign direct investment (FDI), GDP growth rate, and unemployment rate, the study demonstrates the significant economic advantages derived from the program. Nevertheless, the research also acknowledges the negative consequences, such as the depletion of arable land and increased pollution levels. The article aims to evaluate whether the economic benefits outweigh the environmental damages caused by the program, offering insights into the program's efficacy and potential areas for improvement.

References

I. BusinessAlligators. (2016, August 21). Advantages and disadvantages of make in india. Advantages and Disadvantages of Make in India. Retrieved May 13, 2023, from https://www.businessalligators.com/advantages-disadvantages-make-india/

II. IBEF. (2018, September). Make In India. Retrieved May 13, 2023, from https://www.ibef.org/research/india-study/make-in-india

III. PIB Delhi. (2022, September 24). 'Make in india' completes 8 years. Press Information Bureau Delhi. Retrieved May 13, 2023, from https://pib.gov.in/PressReleasePage.aspx?PRID=1861929

IV. Senthilraja, S., & Stanislaus, S. (2019). IMPACT OF MAKE IN INDIA ON INDIAN ECONOMY. International Journal of Scientific Research and Review, 8(1), 442-448. http://www.dynamicpublisher.org/gallery/57-s68-s69.pdf

V. Srivastava, R. (2019). Impact of "Make in India" on the Indian economy. International Journal of Trend in Scientific Research and Development, 3(4), 429-432. https://doi.org/10.31142/ijtsrd23728

Additional Files

Published

15-06-2023

How to Cite

Ayaan Kedia. (2023). HOW HAS THE MAKE IN INDIA POLICY AFFECTED INDIA’S ECONOMIC GROWTH OVER THE PAST 10 YEARS?. International Education and Research Journal (IERJ), 9(6). Retrieved from https://ierj.in/journal/index.php/ierj/article/view/2793