Make In India
Make in India is Modi’s new deal for foreign investors—these numbers explain why it was overdue.
India now has a facilitation window of sorts for investors who want to do business in the country, ushering in a new paradigm that is meant to make India’s notorious labyrinth of red tape and bureaucratic hurdles an unhappy memory from the past.The initiative got a high-profile launch in New Delhi today, with India’s top industrialists, including Reliance Industries chairman Mukesh Ambani and Wipro chairman Azim Premji, speaking about the new deal for foreign investors, alongside Modi.
Answers in 72 hours
He face of the initiative is a slickly designed website—makeinindia.gov.in.
Designed by creative agency Wieden and Kennedy (W+K), it’s possibly the snazziest web portal of any government program in India, and offers information about various sectors.
prospective investors can post questions on the Make In India portal and they will be answered by a panel of experts within 72 hours. Twenty five sectors have been identified as priority areas and the portal offers a wealth of information about them.
15% : That is the current share of manufacturing sector in Indian’s GDP. It compares poorly to other Asian countries. The sector is 34% of China’s GDP and 31% of South Korea’s. In the next decade, India expects to ramp up manufacturing to 25% of the GDP.
100 million jobs: The number of manufacturing jobs the Indian government aims to create by 2022. According to Justin Lin, a former chief economist at the World bank, China will shed 85 million manufacturing jobs in the next few years because of fast rising wages. India can attract some of these jobs—and it desperately needs to—if it can cut bureaucratic hurdles that scare away new businesses.
“Global companies want to come to Asia but they don’t know where to look in Asia,” Modi said today. “Democracy, the demographic dividend and strong demand are important factors, and India has all three.”
65% of India’s 1.2 billion population is under the age of 35. The average age of an Indian in 2020 will be 29, compared with 37 in China and the United States. In the next decade, India is expected to have the largest available workforce in the world. But if the country cannot create jobs for its youth, the demographic advantage would be wasted.
“In the last five to six years we have had jobless growth and consumption. That is unsustainable. We have only created 2 million jobs every year. But 12 million youth are coming to the job market every year. Obviously it is a recipe for disaster if we allow it to continue, ” said Y.C. Deveshwar, chairman of ITC, India’s largest cigarette maker, at the event today.
134th: That is where India stands, out of 189 countries, in World Bank’s “Ease of doing Business” Index. In South Asia, only Bhutan (141) and Afghanistan (164) rank lower than India. The World Bank reportnotes that it takes 27 days to start a business in India. In Singapore it takes two and a half days. Registering a business takes less than a day in Singapore.
#ModiAtUN:
Modi give his first speech in USA in Hindi which was an awesome move by him. here are the 10 points which are highlighted from his speech:
Here are 10 highlights from PM Modi's speech:
- 1. Every nation's world view is shaped by its civilization and philosophical tradition. India's ancient wisdom sees the world as one family- Vasudhaiva Kutumbakam.
(Full text of PM's speech) - 2. A nation's destiny is linked to its neighbourhood. That is why my Government has placed the highest priority on advancing friendship and cooperation with her neighbours. (Watch)
- 3. I am prepared to engage in a serious bilateral dialogue with Pakistan in a peaceful atmosphere, without the shadow of terrorism, to promote our friendship and cooperation. However, Pakistan must also take its responsibility seriously to create an appropriate environment. Raising issues in this forum is not the way to make progress towards resolving issues between our two countries.
5. Today, we still operate in various Gs with different numbers. India, too, is involved in several. But, how much are we able to work together as G1 or G-All.
6. No one country or group of countries can determine the course of this world. There has to be a genuine international partnership. This is not just a moral position, but a practical reality.
7. We must reform the United Nations, including the Security Council, and make it more democratic and participative. Institutions that reflect the imperatives of 20th century won't be effective in the 21st.
8. When we craft agreements on international trade, we n accommodate each other's concerns and interests.
9. When we think of the scale of want in the world - 2.5 billion people without access to basic sanitation; 1.3 billion people without access to electricity; or 1.1 billion people without access to drinking water, we need a more comprehensive and concerted direct international action.
10. Yoga embodies unity of mind and body; thought and action; restraint and fulfillment; harmony between man and nature; a holistic approach to health and well being. It is not about exercise but to discover the sense of oneness with yourself, the world and the nature. By changing our lifestyle and creating consciousness, it can help us deal with climate change. Let us work towards adopting an International Yoga Day.
or more go to NDTV.
It will be interesting to see the future Consequences of Modi's USA tour . His convocation with the president will decide the future of both country or may be of the WORLD.
don't forget to comment your views. your comments are always appreciated.
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