Riassunto analitico
Make In India is an international marketing campaigning slogan coined by the Prime Minister Narendra Modi on 25th September2014, to encourage the companies around the world to invest and manufacture their products in India. This ambitious campaign was launched with an objective to turn the country into a global manufacturing hub. The campaign has been concentrated to fulfil the purpose of Job Creation, Enforcement to Secondary and Tertiary sector, Boosting national economy, convert India to a self-reliant country and to give the Indian economy global recognition. This research has been carried out to determine the impact of this Make in India policy on the foreign direct investment (FDI) and the manufacturing sector. The study mainly focuses on the relationship and the impact of FDI on the manufacturing sector growth in India. It also provides an overview of the Make In India campaign, the policies made with an intention to make India a global manufacturing hub, the sectors in focus under the Make In India campaign and the advantages of initiating the Make In India scheme. This study also shows the effect of Make In India campaign on the economic growth of GDP. In order to analyse the data, both econometric and statistical methods are used. The econometric regression model of ordinary least square is applied in evaluating the relationship between foreign direct investment and major economic indicators such as Manufacturing value added (%GDP), FDI inflows (%GDP), Domestic investment (% GDP), Employment in manufacturing(%), Indian Manufactured exports(%), exchange rate(per US $) and interest rate(%) , for the data collected from secondary sources from 1981 to 2016, annual time series data of India . The model has revealed a positive relationship between. as Manufacturing value added (%GDP), FDI inflows (%GDP), Domestic investment (% GDP), Employment in manufacturing(%), Indian Manufactured exports(%), exchange rate(per US $) and interest rate(%) .
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