Showing posts with the label Make in India

Make in India Needs to Account for Make in MSMEs Too

Pic Courtesy: Times of India News came in today  of the government going all out to woo industries willing to move out of China. While I like the effort going on and find out timely, there are a few things that people really need to ponder over as we move forward. A step back is also needed to understand just where we stand and what we need, especially with respect to potential wave of industrial expansion that we are aiming for. Market Size and Currency Valuation People in government machinery cotinue to overestimate the ability of Indian market to absorb things is overstated. Some of our best industries were really earning from exports. Textiles, auto, ceramics, pharma - you name it, the export earning is big.  Also, analysts like Sajid Chenoy and several others have regularly pointed out also that India has really seen growth in the past two decades when two factors converged: 1. Export oriented units, especially MSME sector boomed and got big orders 2. Rupee's real