Question 1 · 10 marks · 133 words written
Opening · a date or context
Government launched Make in India in 2014 to focus on Indigenisation of manufacturing sector and boost employment.
Body · points
Methods to Reset Manufacturing Sectors
Targetting of emerging Sunrise sectors → Food Processing Industry (Shanta Kumar Committee)
Invest in emerging sectors like AI, Robotics, Internet of Things - via
Increased R&D expenditure (current 0.67%)
- Increase private sector investment
Promotion of Secondary Agriculture (Dalwai Panel) → Promote Food Processing Industry.
Scaling of MSMEs - changed definition.
Promoting increased FDI in sectors like Multi Retail Brands.
Increase Industry - Academia linkages.
- Apprenticeship to be compulsory-
Utilise (China + 1) strategy to attract FDI via diplomacy.
Increased Infra Investment - & Regulatory control to be reduced
Close · a summary
India's manufacturing sector can help realise Double Digit growth rate for India.