India has received pledges for nearly Rs. 15 Lakh crore (or US $222 billion) of investment pledges for “Make in India” so far already. PM’s Make in India initiative is to simply transform India into the leading “global manufacturing hub,” while creating jobs for the youth. The global chatter is that foreign direct investment into India is likely to overtake both USA and China, and is far ahead of the BRICS countries. Why this push? we have so many youth now, and by mid-century, India’s workforce will exceed 100 crores – so leaders have to figure out how to keep them all employed.
- 29 Mar 2016