12. Industries in India - AW Flashcards
(10 cards)
What is the ‘Make in India’ initiative and what is its main target for the manufacturing sector’s GDP contribution?
‘Make in India’ was launched in September 2014 to make India a global manufacturing hub and reinvigorate the manufacturing sector. It targets increasing the manufacturing sector’s contribution to India’s GDP to 25% by 2025.
The initiative aims to boost manufacturing and create jobs in India.
What are the key global and domestic impediments to ‘Make in India’?
Key impediments include:
* China’s first mover advantage
* Global competition (Vietnam, Bangladesh)
* Lack of FTAs
* Protectionism
* Global supply chain disruptions
* Non-tariff barriers
* Scarcity of land
* High land cost
* Lack of digital land banks
* Skilled labor shortage
* Inadequate infrastructure
* High logistics cost
* Credit constraints for MSMEs
* Inadequate R&D investment
* Red-tapism
* High compliance cost
* Complex labor laws
* Weak dispute redressal
* Weak IPR protection
* Inverted duty structure
* Policy flip-flops.
These factors create significant hurdles in enhancing India’s manufacturing capabilities.
Cloze: The manufacturing sector’s contribution to India’s GDP has stagnated at around ____%, despite ‘Make in India’ efforts.
17%
This indicates limited progress in achieving the initiative’s goals.
Cloze: ‘Make in India’ aims to increase the manufacturing sector’s GDP contribution to ____% by 2025.
25%
This is a critical target for the initiative.
Cloze: Initiatives like ____, ____, and ____ are suggested to address infrastructure deficits for manufacturing.
NIP, NMP, PM Gati Shakti
These initiatives focus on enhancing infrastructure for manufacturing.
List all the key keywords and boxed terms related to ‘Make in India’ impediments and solutions.
Keywords:
* Make in India
* Manufacturing hub
* GDP contribution
* First mover advantage
* Global competition
* FTAs
* Protectionism
* Supply chain
* Non-tariff barriers
* Land banks
* Skilled labor
* Infrastructure
* Logistics cost
* MSMEs
* R&D
* Red-tapism
* Compliance cost
* Labor laws
* Dispute redressal
* IPR
* Inverted duty
* Policy flip-flops
* NIP
* NMP
* PM Gati Shakti
* SEZs
* RAMP
* PSL
* AI
* Semiconductors
* Drones
* Technical textiles
* Network product
* SCRI
* MSP
* BTIA.
These terms encapsulate the challenges and strategies related to the initiative.
What are the main issues impeding domestic manufacturing in India? (Bullet points, keywords only)
- Global competition, lack of FTAs
- Land scarcity, high cost
- Infrastructure deficit
- Skilled labor shortage
- High logistics cost
- Credit constraints for MSMEs
- Red-tapism, compliance cost
- Complex labor laws
- Weak IPR, policy flip-flops
These issues hinder the growth of the manufacturing sector.
What are the main solutions to encourage domestic manufacturing? (Bullet points, keywords only)
- Rationalize policies (tax, labor, land)
- Judicial reforms, single window solutions
- Strengthen IPR, address infrastructure deficit
- Capacity building for MSMEs
- Invest in emerging technologies
- Skilling workforce
- International collaboration, FTAs
These solutions aim to create a more conducive environment for manufacturing.
What is the way forward for strengthening ‘Make in India’? (Bullet points, keywords only)
- Targeted policy interventions
- Proactive stakeholder engagement
- Atmanirbhar Bharat focus
- Leverage technology and innovation
- Strengthen supply chains
These strategies are essential for the future success of the initiative.
List 4-5 value addition points that provide an edge in understanding ‘Make in India’ challenges and solutions.
- Recognizes global and domestic barriers
- Emphasizes infrastructure and policy reforms
- Highlights MSME and technology roles
- Connects supply chain resilience to manufacturing
- Focuses on Atmanirbhar Bharat vision
These points offer insights into the complexity of the initiative.
