User talk:Sheel Madhur/sandbox

Manufacturing Sector In India

India is rapidly becoming one of the best tempting options for the manufacturing industry to grow and develop. The current manufacturing strategies implemented in India was analysed on the factors that affected the manufacturing sector in the different states of the Country. Better infrastructure, compliance to tax and labour laws, along with the environmental conditions led Gujarat and Andhra Pradesh to perform better. International Monetary Fund (IMF) noted the pace of reforms being made as the Indian economy is facing a “decelerating pace of reforms”. Recently GST bill was passed by the government enabling an easy and cost-cutting flow of goods across the states of the nation. It is a wonderful opportunity for the manufacturing sector to re-establish the logistic sector. A robust infrastructure is necessary for any manufacturing sector to grow. Government of India is investing a lot of funds in building a strong network of roads, rails and transport to nourish the manufacturing sector. Many industrial corridors and road networks are being ready.

After independence, Indian economy relied on the agricultural sector heavily. It contributed more than 50% of the GDP. Later, India shifted gradually to service-based economy form the agriculture-based economy. Many economists say that skipping the secondary sector is the main reason for the Indian economy to be lagging behind the world. In recent years the manufacturing sector has been the main focus of the Indian Government. Many initiatives are taken as several employment opportunities are provided in the growth of the manufacturing sector. Having a high amount of educated population & skilled labour, there is enough scope for the further development of manufacturing. The ‘Make In India’ campaign started by the current government is one of the biggest such initiatives to attract foreign investors to start manufacturing in India. Adequate infrastructure like electricity and a strong network of roads and railways for transportation are provided to them to ease the process. Several laws favouring the labours and land acquisition are being implemented. The main motive of this is to manufacture goods with zero defects so that none of the exported goods has to be returned. Environmental standards are still followed properly to ensure a sustainable and environment-friendly path to prosperity. Major Industries on a high rise are automobile industry, electronics and semiconductor industries, machinery, chemical, pharmaceutical industries and aviation industries. Many foreign investors are trying to invest n the defence sector of the country as well. Along with foreign investors, domestic companies are also encouraged to invest to make them able to compete with global leaders.