In pre-colonial times, goods manufactured in India were not only exported to every nook and corner of the world, but also loved and much appreciated for their durability, quality, and excellence of workmanship. However, with the end of the colonial rule, the manufacturing industry of India faced heightened challenge form imported goods, since by that time, Indian consumers found the imported goods cheaper compared to goods manufactured by Indian workers. Consequently, Indian manufacturers faced unemployment, and the country’s ‘Balance of Trade’ was permanently disoriented.
With time, the much cheaper Chinese goods made inroads and further caused destruction of Indian manufacturers. Thus, there emerged an ill-famous practice, i.e., ‘Made in India’ stickers were pasted on the imported goods, which were sold to Indian consumers.
Successive governments did less than expected to revitalize the goods manufacturing in the country. However, Prime Minister Shri Narendra Modi has shown courage to challenge and reverse this practice by kick starting ‘Make in India’ campaign. The campaign is expected to boost manufacturing of goods in the country, augment employment opportunities for Indian youth, and improve ‘Balance of Trade’ in India’s favour by increasing the export of Indian goods. With this, he is set to actualize all inclusive growth and development of Indian economy.