Page 15 - NIS English 16-30 Sep 2024.pdf
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Before the Industrial Revolution,
we were considered the golden
bird. But when the world was
climbing the ladder of the industrial
revolution, we lagged. Why?
We were slaves. We lost that
opportunity. After that, a new
era of economic awareness and
a new opportunity came. And
this belongs to Asia. Now it is our
responsibility to make it India's.
Such an opportunity has come, and
we have the biggest strength 65% of
the population is below 35 years.
- Narendra Modi, Prime Minister
manufacturing sector to the world. To promote committed to adopting a new path under which
investment, awareness is being raised through industrial units are given full support. Invest India
various ministries, state governments and Indian is the first to guide foreign investors on all aspects
missions abroad, thereby encouraging domestic related to regulatory and policy issues. It also helps
and foreign direct investment (FDI). Currently, Make in getting regulatory approvals. The government
in India 2.0 is focused on 27 sectors under various keeps a close watch on all regulatory processes to
ministries, departments, and state governments. simplify them and reduce the compliance burden
Today, global optimism and confidence are on investors. The Make in India initiative is also
visible in the Indian economy. India is seen as a focusing on select domestic companies that are
destination having openness, opportunities, and at the forefront of innovation and new technology.
options. During the last 10 years, India has become The aim is to transform these companies into
the fifth-largest global economy. This is the result of global champions. Under this, the focus will be on
the continuous efforts of the Central Government. promoting environmentally friendly and advanced
By starting the journey of 'Reform, Perform and manufacturing. Along with this, these companies
Transform' in the year 2014, competitiveness and are also given support in becoming an important
transparency have increased in the last 10 years. part of the global value chain.
Digitalization has been expanded and innovation
has been promoted. Red tape is replaced with India is becoming a
red carpet and liberalized FDI flow. Initiatives manufacturing powerhouse
like Make in India and Aatmanirbhar Bharat have 'Make in India' has become India's biggest initiative.
boosted manufacturing. Above all, the Central Today India is among the top six manufacturing
Government has brought policy stability so that countries in the world. Be it policy decisions or
India can become the third-largest global economy the general budget, every time many important
in the next few years. The Central Government is provisions have been made for self-reliant India
New India Samachar September 16-30, 2024 13
