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.
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