Open AccessDriving Economic Growth by Promoting Manufacturing in India
Author(s) -
. Mayank,
Rachana Arya
Publication year - 2021
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.e8608.0210421
Subject(s) - workforce , prime minister , investment (military) , democracy , economics , economic growth , manufacturing sector , covid-19 , prime (order theory) , development economics , business , political science , labour economics , medicine , mathematics , disease , pathology , combinatorics , politics , infectious disease (medical specialty) , law
For driving economic growth at the time of COVID19 pandemic our Prime Minister has given a policy “Make in India: zero defect zero effect”. The aim is to alter the country into a worldwide industrialized hub. He encourages the organizations to manufacture their goods in India. Global industries are invited to formulate investment and locate factories in India and develop their merchandizes. But the question arrived why they will setup their industries? By using India’s extremely capable and skilled workforce, they generate zero defect output. What are the sectors where India can do better? Research for all the parameters are done in this paper. What are the different policies for lower and middle class people and how they will boost up their growth and help to develop the economy? Prime Mistier also focus on “3D” outlook policy: Democracy, demography and demand. Skill expansion programs are especially launched for people of rural cities.