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Make in India: Re-chanting the Mantra with a Difference

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  • Satish Y Deodhar

Abstract

The paper attempts to trace the origin and idea of Make in India through time and identifies what needs to be done to turn the Make in India mantra into a reality. Free market is the engine of growth for the economy and government has to provide the necessary lubricant for it to work. This involves reforming industrial, labour, and land acquisition laws; liberalizing inflow of FDI and technology; simplifying and integrating state/center administrative compliances for business; government staying away from economic activities which do not qualify for market failure argument, and, instead concentrating on improving comparative advantage of the country by investing in merit goods such as basic research, primary education, and primary healthcare.

Suggested Citation

  • Satish Y Deodhar, 2015. "Make in India: Re-chanting the Mantra with a Difference," Working Papers id:6593, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:6593
    Note: Institutional Papers
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    References listed on IDEAS

    as
    1. Maria - Ramona SARBU, 2015. "Globalization And Foreign Direct Investments," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(2), pages 324-331, August.
    2. Deodhar, Satish Y. & Ganesh, Sankar & Chern, Wen S., 2008. "Emerging Markets for GM Foods: A Study of Consumer's Willingness to Pay in India," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6348, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Colenov O. M., 2015. "Foreign tools of the state environmental policy," Visnyk of National University of Civil Protection of Ukraine. Public Administration series., National University of Civil Protection of Ukraine, vol. 3(2), pages 146-151, July.
    4. Yanjing Chen & Yu Gao & Ying Ge & Juan Li, 2015. "Regional financial development and foreign direct investment," Urban Studies, Urban Studies Journal Limited, vol. 52(2), pages 358-373, February.
    5. Smith, Adam, 2008. "An Inquiry into the Nature and Causes of the Wealth of Nations: A Selected Edition," OUP Catalogue, Oxford University Press, number 9780199535927 edited by Sutherland, Kathryn.
    Full references (including those not matched with items on IDEAS)

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