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Evaluate the present industrial policy of the Government of India with special reference to “Make in India” and “Stand up India”. । UPPSC General Studies-III Mains Solutions 2022


Evaluate the present industrial policy of the Government of India with special reference to “Make in India” and “Stand up India”.

( UPPSC, UP PCS Mains General Studies-III/GS-3 2022)


The present industrial policy of the Government of India has several initiatives like “Make in India”, “stand up India”, “Skill India”, and PM Gati Shakti Scheme. However, “Make in India” and “stand up India” are two of the most prominent ones. Evaluations of the “make in India” and “stand up India” are below-

Make in India;

The Make in India program was launched by the central government of India in 2014 to promote manufacturing and encourage investment in India. The aim of this scheme is to boost domestic manufacturing, bring foreign demand investment, create jobs, and make India a global manufacturing hub.

The positive outcome of this scheme includes an increase in FDI in the manufacturing sector and growth of manufacturing in India. In the year 2021-22, India received recorded foreign direct investment (FDI) at USD 83.6 billion.

Some challenges associated with Make in India are the lack of adequate infrastructure and skilled manpower in some areas of the manufacturing sector. The success of the Make in India scheme depends on too much foreign capital and the international market. Both are uncertain in today's scenarios. This can limit the growth of the manufacturing sector and prevent India from realizing its full potential.

Stand Up India;

Stand Up India scheme was launched by the Indian government in 2016 to promote entrepreneurship among women and SC/ST communities. This scheme provides financial assistance and other technical support to eligible entrepreneurs to set up and run their businesses.

The positive outcome of the scheme has created several new businesses. It promotes social and economic empowerment of women and marginalized communities. More than 40000 crore has been sanctioned under the scheme and 80 % of them and women beneficiaries.

Some limitation faced by the scheme was the availability of credit, technical assistance, and other support which hinder the success of this scheme.

 Overall Industrial policies like “Make in India” and “stand up India” play important role in promoting manufacturing, entrepreneurship, and Innovation. There are some challenges associated with these schemes, and the government needs to address these challenges to ensure the full benefits of the scheme.

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