Examine the current industrial policy of the Indian government, paying particular attention to “Make in India” and “Stand up India.” (125 Words) [UPPSC 2022]
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On: February 22, 2025
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On: February 22, 2025
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The present industrial policy of the Government of India, particularly through initiatives like ‘Make in India’ and ‘Stand Up India,’ aims to boost manufacturing, enhance job creation, and promote entrepreneurship. ‘Make in India,’ launched in 2014, focuses on transforming India into a global manufacturing hub by attracting foreign direct investment (FDI), improving infrastructure, and easing regulatory processes. This initiative has led to significant investments in various sectors, particularly in automobiles, electronics, and defense.
‘Stand Up India,’ on the other hand, emphasizes promoting entrepreneurship among women, SCs, and STs by providing financial support and resources. This policy aims to foster inclusive growth by empowering marginalized communities.
However, challenges such as bureaucratic hurdles, inconsistent policy implementation, and global economic fluctuations continue to impact the effectiveness of these initiatives. Sustainable success requires addressing these challenges and ensuring a stable policy environment.
‘Make in India’:
‘Stand Up India’:
Conclusion: Both policies contribute significantly to industrial growth and inclusive development. However, addressing implementation challenges is crucial for realizing their full potential.