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| Article Name : | | | MAKE IN INDIA: A LION’S STEP TOWARDS INFRASTRUCTURE DEVELOPMENT | | Author Name : | | | Harpreet Kaur | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-6649 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | Infrastructure is one of the most important pillars of any economy, and is certainly the most essential factor that distinguishes the leaders from the laggards. The right infrastructure helps in propelling the growth of an economy. Unfortunately, the Indian infrastructure is marred with under-capacity and largely insufficient in almost all of its key areas. It is a major constraint to the overall development of the country and the successive governments have failed to achieve the investment targets fixed from time to time which have left the country with dire deficits in this critical area. The World Economic Forum’s Global Competitiveness Report (2015-16) has ranked India 81st out of 140 countries for its insufficient infrastructure. As a good infrastructure is the backbone of the manufacturing sector, so government of India is required to take a big leap in this direction to revive the poor show of the manufacturing sector of India. To give a boost to the manufacturing sector, PM Narendra Modi has launched the ‘Make in India’ campaign. Under this campaign, the government is taking various initiatives to reduce the infrastructural gap by spending around $1trillion in the 12th five year plan. Not only that, the government is also trying hard to combat various challenges and the roadblocks to the infrastructural development like corruption, land acquisition reforms, environmental clearances, government policies, etc in order to attract the investment from the investors inside and abroad. | | Keywords : | | - Make in India,Infrastructure,12th Five Year Plan,Infrastructural Bottlenecks,Manufacturing,Union Budget.,
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