A Study on the Impact of Make in India Concept in the Manufacturing Sectors Productivity Issues and Challenges

Abstract

There are only two priorities for India creation of 10-15 million jobs per year, growth of 10-15% per year. We cannot achieve these solely on the basis of service industry. We need growth both in inputs and in efficiency. Make in India is an ambitious initiative launched by the Government of India in September 2014 with a mission to transform India into a global design and manufacturing hub. India aims to become the top destination for FDI in the world. The initiative plans to increase the contribution of manufacturing to India are GDP to 25% from current 15% and also generate employment. India aims to increase its competitiveness compared to China, which is seen as a more favorable destination for manufacturing. India believes it has a lot of untapped potential in terms of human resource and infrastructure development which, when properly utilized, will propel India into an industrial hub. This research work emphasizes on the relationship between various factors that affect the productivity of the manufacturing sector with respect to the SMEs that is Auto Ancillary Units. The research tool that were used in the research work were ANOVA, Regression, Correlation, Neural Networks. newline KEYWORDS: Make in India, Automobiles, Auto Ancillary Units, SME, Productivity, Competitiveness, Financial Resources, Managerial Capability