REVITALIZING THE MANUFACTURING SECTOR IN INDIA

Manufacturing is in trouble in India. India’s development model is largely at fault. In the absence of a well conceived policy response by the new government, manufacturing will soon be gripped by an even more profound crisis. The new government at the centre as launched the “MAKE IN INDIA” campaign with the object to revive the manufacturing sector in India. Also the abolition of the extra constitutional body namely Planning Commission and creation of NITIAayog in lieu of it, are constructive steps that the new government has taken. This paper seeks to address some of the concerns that the manufacturing sector in India is facing and how to tackle the intrinsic and extrinsic issues in order to revitalize the manufacturing sector in India. Finally it also talks about the different measures that the government must adopt to ensure that “Make in India” campaign is a success.