Government Will Make India An Economic Superpower
Uday India is the first magazine that has organized such a humongous event on “Make in India” campaign of the Government of India. Since the first issue of Uday India, I have been reading this magazine and I can say one thing that this magazine is nationalistic in its approach and it publishes articles on the current issues plaguing the whole country on regular basis. This is the reason why CEO of Uday India, Deepak Kumar Rath has organised this event. This event is organised keeping in mind the goals of “Make in India” campaign.
You all know, what the purpose of “Make in India” is. Our objective is to promote manufacturing in the country. We want to take “Make in India” to the highest pedestal of quality and cost-effectiveness. Earlier, there was a misconception in the world that whatever products are manufactured in India are of poor and inferior quality. But, you all know, in the field of softwares, we are world known. Softwares, made in India, are in demand world over. Youths of India, who are working in this field, have made India proud. I also believe that if we produce hardwares, then in manufacturing sector also India can be leader.
If we see the history of India since getting Independence in 1947, we can conclude that no industrial revolution took place in India. We changed to service economy directly from agriculture economy. This resulted in youth started leaving agriculture sector, consequently unemployment rose as youth were devoid of employment opportunities. I believe if employment opportunities are to be created, these will be created in the manufacturing and construction sectors only. Even if we didn’t have any industrial revolution, even if our economy is facing problems, but if we see the history of our country, we will notice that we have always managed to overcome all the difficulties and have always come out stronger than ever from every problem. In the economic sphere too, we will become a superpower.
After the Independence, we chose the path of mixed and planned economy. Many industries were set up during that time, but in the primary decade, growth rate was approximately 3-3.5 per cent of the GDP. I read some articles of that time, in one place, I read that foreign analysts said that India did not achieve growth in consonance of its potential. Hence, they termed that growth rate as “Hindu Rate of Growth”. But I would like you to recall Atal Bihari Vajpayee government’s reign from 1998 to 2004. Conditions were very critical–we had fought the Kargil war with Pakistan. We stood victorious, but a war is a war. Whenever a country goes into a war, it creates economic problems for that country. When Kargil happened, the whole world was afflicted with recession. India could not have remained aloof. It was the leadership of Vajpayeeji only that India withstood those turbulent times. Heavy investments in manufacturing and infrastructure sectors saved India from the ill impacts of the global economic recession and we succeeded in attaining the 8-8.4 per cent growth rate of GDP during 2003 and 2004. We sent out a message to all those who believed that Indian economy did not have potential. We showed them our potential through this growth rate. We gave a message that if we want to increase our growth rate of GDP, then through reforms in our policies, we can achieve it.
But irony is that the momentum our economy got during 1998-2004 couldn’t be maintained in the decade of 2004-2014. Now, we have our government under the leadership of Shri Narendra Modi. You all know that development and good governance are the priorities of our national agenda. The immediate challenge after the formation of our government was of rising inflation. Today, I can say that we have succeeded in controlling the inflation to a large extent. Some people can say that it is not due to our policies, but owing to the fall in the prices of crude oil in international market. To some extent, it can be a factor, but not entirely.
As far as inflation is concerned, in November 2013, Consumer Price Index was 11.2 per cent, now it is around 4 per cent. Whole Sale price Index was 7.5 per cent in November 2013, now it is zero per cent. Overall, if I talk about food inflation, in November 2013, it was around 19 per cent, now it is 0.6 per cent, which is almost nil. We have controlled inflation, but to make it a permanent phenomenon, we need more endeavours. We need to speed up our economic engine. Today, our growth rate is between 5 per cent and 5.5 per cent. We need to increase this growth rate. We need heavy investment in manufacturing, infrastructure and construction sectors to increase our growth rate. Now, how will we get this investment? Until we generate confidence among domestic and foreign investors, we cannot succeed. But after Narendra Modi’s becoming Prime Minister, we have succeeded in giving the world the message that this government means business.
We want to make the whole environment industry-friendly and investor friendly. Whatever instructional and procedural reforms are required for this, we are proceeding to that direction. As far as foreign direct investment is concerned, everybody knows that we have increased its limit to 49 per cent in sectors like defence and insurance. A long-standing demand of implementing GST is overdue. Our cabinet has approved its implementation but we couldn’t get it passed in Parliament because of the hullaballoo created by the opposition in the Rajya SAbha. We tried our best to get the GST Bill passed in the winter session of Parliament, but it could not be possible. I want to appeal to all the political parties that in a healthy democracy, survival of democracy is possible only by zeal, not by obstinacy. If Parliament had been run smoothly, we would have been successful in getting the GST Bill passed in both the houses.
I firmly believe that success of “Make in India” will take the country to new heights and our country has that potential. Despite the fact that we have immense human and natural resources, the contribution of manufacturing sector in GDP growth rate is a meager 14-15 per cent, whereas China’s manufacturing sector’s contribution in its GDP growth rate is 30 per cent. We considered that we can increase our growth rate by bringing more investment in manufacturing sector. It will take time, but we will increase the investment. Our aim is to bring the contribution of manufacturing sector in GDP to around 25 per cent in next ten years, so that we can stand alongside our neighbour. We have to give employment to our enormous population and also promote manufacturing sector alongside service sector.
I recently went to Israel. Along with the Prime Minister, I met with ministers, people from business community and investors. I was impressed with the advancement of technology in that country. While talking to the Prime Minister, I emphasized that their technological advancement should be transferred to India as well. I also told their business community and investors that they should come and invest in India. Israel’s Prime Minister readily agreed and said that an invitation from India should come to them, and a big group of businessmen and investors would come to India. We too want that investors from Israel should invest on a large scale in our country.
By promoting “Make in India” campaign, India can capture 20 per cent of low-end export market. We pledge that through “Make in India” we will take the contribution of manufacturing sector in GDP to the maximum level possible, whether it takes ten, twelve or fourteen years. As far as import related to manufacturing sector is concerned, at present it is to tune of 127 billion dollars. Economists believe that by promoting “Make in India” campaign, within five years, we can limit it to 50 billion dollars.
We want to make a digital India, which will enable us to realise our dream of good governance. Mckinsey Global Institute has said in one of its reports that there are 12 sectors in India, in which, by promoting advance technology, in the next ten years, Indian economy’s total output can be further increased up to 1 trillion dollars. At present, the size of our economy is 2 trillion dollars. This will be our major achievement. These twelve sectors comprise mobile internet, cloud computing and many others. If we talk about villages, we have to think about the 65 per cent of people living in these villages. How villages are to be made livable, how migration to the cities from villages could be stopped and how employment opportunities are ensured in villages themselves, are some issues which need to be deliberated upon profoundly. We want to make smart cities, bullet trains and many other things, but we also want to improve the condition of villages, so that migration from the villages could be checked and employment opportunities could be ensured in villages. And this is our priority.
Super Catalyst To Becoming Superpower
A nation’s past and present determine its future. India, one of the oldest civilizations on earth has just become the buzz word across the globe once again. Ages ago, India was the famed land of riches, a paradise for explorers. It drew bounty hunters from afar. Even Columbus had set sail to India; it was another matter that he ended up in America. Those who came carried back tales of the riches, both material and immaterial. It attracted conquerors and scholars alike; some came for the wealth, others for the immense wisdom.
Besides the still visible past glories of art and architecture, the wonderful ancient literature which we are justly proud of, the Indian past includes another type of glory most tantalizing to the Indians of today–prolonged material prosperity. For well over a millennium and a half, the Indian subcontinent was the richest and happiest place in the world.
Not only did we have vast treasures of knowledge and developments, but ancient India also had great wealth, along with good climate and great fertility. The deep levels of knowledge and development was another of her greatest assets. For this reason, the ambition of all conquerors was to possess India, and we remained under foreign yoke for ages.
This is all going to change. There is going to be a second coming. The India magic, in the last six months, since the new government is in place, has spread over all the continents of the world once again. The world waits with bated breath. Analysts are projecting India as the next super power by 2035. India will be the source of ‘Human Capital’ in the future, with its robust economic growth and fast growing I.T. industry.
Much before the pharaohs of Egypt built the great pyramids, before the powerful kings of Persia conquered the Babylon, or before Alexander the great crushed the army of Darius and established his sovereignty all over the known world, or before imperial dynasties of China constructed the forbidden city, before the supremacy of roman empire, India was living in its golden age with advanced civilization and great scientific knowledge.
At that time, only India had a flourishing urban civilization called “Indus Valley Civilization” on banks of the Indus River. It was the first civilization on earth which had sophisticated city planning including had exceptional knowledge in metallurgy. And yes every house had a toilet even then.
It was Aryabhata —an Indian, who discovered the number zero which allowed the society to count. He was the first person to measure the distance between the sun and the earth accurately and also decipher that the earth rotates on its own axis and was the first person to explain the concept of an eclipse scientifically. Algebra, trigonometry and calculus all came from India. It was the birth place of Philosphy, religion, physics and chemistry. Sanskrit, the mother of all languages had its origin in India.
Susruta, the “father of surgery”, had performed many difficult surgeries, thousands of years before, including cosmetic surgery. The Sushrutha Samhitha, a collection of his surgical practices, is the oldest available material for surgical procedures.
Ayurveda, an ancient Indian school of medicine believed in a strong correlation between mental thoughts and physical body. Yoga, another great meditation method, was developed in ancient India. Research has proved that yoga is a better preventive medicine for many incurable diseases. World’s first university “Takshashila” existed in India thousands of years ago. This university produced many great scholars, notable among who is Chanakya who wrote the Arthashastra, one of the oldest books in the subject of economics.
Ancient India is also birth place to many religions including Hinduism, Buddhism, Jainism and Sikhism, all of which co-exist peacefully even today.
Ancient Indians gave women greater importance, in fact they enjoyed equal status with men. Scholars believed that many civilizations at that time did not give equal rights to women. They educated women in the Vedic period.
Cotton was first cultivated by ancient Indians around 7,000 years ago. They produced the finest cotton of their time, most of the people used to think it was silk.
They also developed spinning and fabricating techniques. Indian agriculture dates back to 9,000 BC. They domesticated many plants and animals. Scientists believe that first spinning mill could have developed by Indians.
These are all just tip of the large iceberg; scholars believe that there are many more discoveries by ancient Indians still yet to be discovered. In sum, India laid down the true foundation to our modern civilization thousands of years back and driven the world from the dark to light by providing their exceptional contribution to the mankind.
In May 2014, as the new stable government took oath in Delhi, there was a wave of optimism and excitement that pursed through Indian veins. Of the numerous announcements made by the new government the one that generated the most news, was the Make In India campaign. The prime minister is very keen to turn India into a manufacturing hub and announced a grand initiative to that end titled ‘Make in India’.
India today exists in a world that is surrounded with new forces of globalization, competition, lean manufacturing and real-time standards.
World’s top-notch brands from smart phones to fast cars are already tapping into the advantages of smart sourcing in India and soon products in our hands could very well read ‘made-in-India’ instead of ‘made-in-Taiwan’ or ‘made-in-Germany’.
India, with its epic wealth of diversity, inveterate resilience and amazing lineage of overcoming struggles, can very well add that extra stripe on every barcode. But to be able to do that, it would need to have common denominators like technology, firmly under its belt.
‘Make In India’ is not a fantasy, it is not something that will happen in the next few years, it’s happening right now, right around, as I read these lines. Let us allow the power of technology to act as a super-catalyst in this almost super-natural journey of the world’s next superpower. India is arriving. The launch of “Make in India” campaign is as much about the new initiative as about the man behind it. So I call upon our public intellectuals in all walks of life to raise their voices and reflect together about what is good and bad in what we do, say and believe. I beg them for loud and clear in the public sphere. If they are already speaking, as a member of the journalistic community, I do not understand why I cannot hear enough of them. I want to hear more, and the best of them.
I still have regrets that probably in my lifetime I will not be able to see India as a land of prosperity and contentment, where most of our impoverished poor will be able to live a life which is meaningful, happy and contented. An India where there would be no hunger, homelessness and despair. It is the India of my dreams and if in any way, through Uday India, I have been able to contribute a little towards this goal then I feel that my life has been a success. Thank You all for giving me such a patient hearing.
Deepak Kumar Rath
Let’s Make “Make In India” A Success
Before I start talking about Make in India, I would like to mention a proverb in Odiya: “Jaha nahi Bharate tahe nahi jagate (thing which is not available in India will not be available in the world)”. One can find almost everything in India. The country is a perfect blend of region, different weathers, festivals and traditions. I would like to share a joke with you people.
NASA was getting ready to launch a very important space shuttle. The scientists and engineers checked and double-checked everything to make sure that things are fine. However, on the day of launch, something seemed to be wrong. The rocket gave all sorts of noise but never took off even an inch from the ground. The engineers were puzzled because they could not figure out the problem. Finally, there was a Sardar who offered to help. The NASA people were desperate by that time and agreed to do anything. “Tilt the rocket 45 degrees to the right,” said the Indian scientist. The engineers were puzzled but did it anyway. “Bring it back to vertical position,” the Sardar said. The engineers did. “Now start the engines,” he said. And surprise, the rocket took off and flew into outer space! Everybody congratulated him and asked him how he knew what to do. He replied: “It is very simple. This is what we always do with our Bajaj scooters in India.”
The joke is humours but it has an important message as well. A message that we can achieve anything we want. Whether we lag behind in theory but practically we are more advance. Our Hon’ble PM has started a noble campaign. Let us all be united and make this a grand success.
Innovation Is The Key
There are four ways to become rich. Different countries of the world have applied these ways in different time zones. It was Europe, which used the first way to become rich. It colonized many countries of the world. Britain alone had 70 countries as its colonies. Saudi Arab and other Middle-East countries have huge natural resources and they became rich through them. Third way is of China. They make cheap goods, which in western countries rake in high costs. However, these ways are not very good and will not endure for a long time. That’s why the best way is—innovation and research. Those countries that give time to researches, they are the true rich countries.
Minister of State (IC) for Environment, Forest & Climate Change, Govt. of India
Promote Textile Sector
I can only say that after agriculture the sector that has the maximum potential is the textile sector. But it seems that in the past few years we have underestimated the textile sector. There are many places in India which can give a tough fight to Manchester but we tend to ignore them. This year we surpassed China and became number one producer of cotton but we lag in clothes production. So the need of the hour is to promote the textile industry and the Hon’ble Prime Minister is taking right measures in this direction. We need to improve our primary education and make sure that each and every village in our country should get quality skill development training. Only then can we move further to achieve this goal.
Minister of State (IC) for Textiles, Govt. of India
Industrialists: Sculptors Of Economy
You all industrialists are sculptures of our economy. You all live within the realm of power of creation. You not only grow yourself, but also play an active role in the growth of your family and ultimately of the country. For that we all are thankful to you. On 15th August this year, Prime Minister launched the “Make in India” campaign. As a citizen of this country, I have never seen a Prime Minister working like a salesman, selling the country’s business interest in the whole world. This can only be done when a Prime Minister has great emotional value for his country. It is considered that our country is plagued with red-tapism, but our Prime Minister wants to extend red-carpet to the investors’ world over.
COL. (RETD.) RAJYAVARDHAN RATHORE
Minister of State for Information & Broadcasting, Govt. of India
Raise Competitiveness Of Manufacturing Sector
Make in India programme is launched by our Hon’ble Prime Minister Shri Narendra Modi to make our country a global manufacturing hub. Under the guidance of our Prime Minister, the departments concerned of the government are formulating business policies to boost the manufacturing sector. The need to raise the global competitiveness of Indian manufacturing sector is important for country’s long-term growth. If Make in India programme is implemented properly, then it will increase the growth of this sector by 12 to 14 per cent per year. It will create 100 million additional jobs in the manufacturing sector by 2020. I believe the government will play the crucial role in making Make in India a reality.
Minister of State for Heavy Industries & Public Enterprises, Govt. of India
My Dil For India, My Will For India
It is important that the things and situation should change, but it is most important that the image of this country should also change. I am talking about that India where we talk not only about GDP or economical development but also about spiritual development and social development. Make in India is a great slogan, but India should not only be known for Make in India but also for Make India. Today’s slogan should be: ‘My dil for India, my will for India’. Before elections, Gujarat was a model for India, but now our nation should be the model for the world. We Indians have jugaad for everything. But now is the time that we leave jugaad and attach ourselves to development stream. If we all stand united, then we can achieve whatever we want.
SWAMI CHIDANAND SARASWATI
World Famous Spiritual Leader, Parmarth Niketan
Build A Positive Policy Environment
Media is also a part of Make in India campaign. The media is expanding and is advancing in its technology. We import most of the things like digital set-top boxes. We have imported around 11 crore digital set-top boxes and 25 crore more are to be imported. In every quarter, we import lakhs of phones. Can’t these be made in India? If India can make quality products in automobile like Maruti, Hyundai etc. then why cannot we make quality products of phones and digital set-top boxes? We need to build a positive policy environment to boost the production. As part of one of the biggest media organisations, I assure you that we will positively support the building of this policy environment.
President (News), Network 18
Quality, The Most Important Aspect
Narendra Modi’s Make in India slogan has come at a right time. As many said, our industrial contribution to GDP is 15 per cent, whereas in China it is 30 per cent. UPA government did many things to increase it, at least on papers, but in vain. From my understanding there are two-three things that need our attention. Quality is the most important aspect of Make in India campaign. Till now there is no quality standard in our labour force, our supervisors and entrepreneurs, which is required in the international market. There is doubt in the international market as to how the products of Make in India campaign will be. We have to go through all of this and there is a need to understand the international market.
MRIDU HARI DALMIA
President, OCL India Ltd.
Modi, A Dynamic PM
I would like to take the names of those people who became entrepreneurs and were admired. But unfortunately they have long been forgotten. In 1880-82 Jamsedji Tata thought of starting a steel plant in India, but the then British government didn’t support him. He then thought that without research and innovation the steel plant can’t be successful. So he then established Tata Institute of Fundamental Research in Bangalore. It is an undeniable fact that we have the capability. If we can go to Mars in our first attempt, then why do we spend crores of rupees on buying airplanes? If we can go to Mars, then we can also make these planes. We are fortunate that we got a dynamic Prime Minister like Narendra Modi. I am proud that today businessmen are not insulted.
Founder, LNJ Bhilwala Group of Industries