Make in India is an initiative by the Government of India to encourage companies to manufacture in India and incentivize dedicated investments into manufacturing.The policy approach was to create a conducive environment for investments, develop a modern and efficient infrastructure, and open up new sectors for foreign capital. The initiative targeted 25 economic sectors for job creation and skill enhancement,and aimed "to transform India into a global design and manufacturing hub.
Country : India Prime Minister : Narendra Modi Key people : Ministry of Commerce and Industry (India) Launched : 25 September 2014 Status : Active
"Make in India" had three stated objectives:
1 ) to increase the manufacturing sector's growth rate to 12-14% per annum; 2 ) to create 100 million additional manufacturing jobs in the economy by 2022; 3 ) to ensure that the manufacturing sector's contribution to GDP is increased to 25% by 2022 (later revised to 2025).
After the launch, India gave investment commitments worth ₹16.40 lakh crore (US$230 billion) and investment inquiries worth of ₹1.5 lakh crore (US$21 billion) between September 2014 to February 2016.As a result, India emerged as the top destination globally in 2015 for foreign direct investment (FDI), surpassing the United States and China, with US$60.1 billion FDI.As per the current policy, 100% Foreign Direct Investment (FDI) is permitted in all 100 sectors, except for Space industry (74%), defence industry (49%) and Media of India (26%).Japan and India had also announced a US$12 billion 'Japan-India Make-in-India Special Finance Facility" fund to push investment.
In line with the Make in India, individual states too launched their own local initiatives, such as 'Make in Odisha,' 'Tamil Nadu Global Investors Meet,' 'Vibrant Gujarat,' 'Happening Haryana' and 'Magnetic Maharashtra.’India received US$60 billion FDI in FY 2016–17.
The World Bank's 2019 Ease of Doing Business report acknowledges India's jump of 23 positions against its rank of 100 in 2017 to be placed now at 63rd rank among 190 countries.By the end of 2017, India had risen 42 places on Ease of doing business index, 32 places World Economic Forum's Global Competitiveness Index, and 19 notches in the Logistics Performance Index,thanks to recent governmental initiatives, which include converges, synergies and enables other important Government of India schemes, such as Bharatmala, Sagarmala, Dedicated Freight Corridors, Industrial corridors, UDAN-RCS, Bharat Broadband Network, Digital India.
Make in India has not yet achieved its goals. The growth rate of manufacturing averaged 6.9% per annum between 2014-15 and 2019-20.The share of manufacturing dropped from 16.3% of GDP in 2014-15 to 15.1% in 2019-20.
Irwin Allen Ginsberg was an American poet and writer.
As a student at Columbia University in the 1940s, he began friendships with William S. Burroughs and Jack Kerouac, forming the core of the Beat Generation.
<h3>What is "A Supermarket in California"?</h3>
"A Supermarket in California" is a poem by American poet Allen Ginsberg first published in Howl and Other Poems in 1956.
In the poem, the narrator visits a supermarket in California and imagines finding Federico García Lorca and Walt Whitman shopping.
For more information about Allen Ginsberg, refer to the link:-
Ecological fallacy, also called ecological inference fallacy, in epidemiology, failure in reasoning that arises when an inference is made about an individual based on aggregate data for a group. In ecological studies (observational studies of relationships between risk-modifying factors and health or other outcomes in populations), the aggregation of data results in the loss or concealment of certain details of information.
