Piyush Goyal Announces Future Roadmap for Make in India on 10th Anniversary
On the 10th anniversary of the Make in India initiative, Union Minister of Commerce and Industry Piyush Goyal announced the future roadmap for the country. He estimated that by 2047, the manufacturing sector’s share in the economy will rise to 25 per cent.
India’s Manufacturing Growth
Goyal stated, “I see in Amrit Kaal India gradually expanding its manufacturing base to meet the large Indian and international demand. In the Amrit kaal towards Viksit Bharat 2047 the share of manufacturing will also go up to 25 per cent. We will also see more and more industrial townships with plug-and-play infrastructure walk forward.”
He praised the fact that the world now sees India as a manufacturing hub. “It has been a holistic approach in partnership with the private sector, both in India and internationally. Today, the world views India as a key manufacturing destination.”
Comparing Decades
Union Minister Goyal compared the growth of the last 10 years under the Modi government to previous administrations, calling it a “story of the lost decade versus the last decade.” He criticized the period from 2004 to 2014 for economic downturns and corruption, contrasting it with the progress made since 2014 under PM Modi’s leadership.
Addressing Critics
Goyal also addressed critics of the Make in India scheme, rebutting their claims by saying that manufacturing has significantly boosted job creation. He cited examples like the iPhone 16 being made in India and the growth in domestic production of air conditioners. “Manufacturing creates jobs and builds an ecosystem that fosters entrepreneurship and provides employment for young men and women,” he said.
Doubts Revealed
Piyush Goyal -: Piyush Goyal is a politician in India. He is a Union Minister, which means he is part of the central government and helps make important decisions for the country.
Make in India -: Make in India is a program started by the Indian government to encourage companies to manufacture their products in India. It aims to create jobs and boost the economy.
10th Anniversary -: The 10th anniversary means it has been 10 years since the Make in India program started. Anniversaries are like birthdays for events.
2047 -: The year 2047 is 24 years from now. It is also the year when India will celebrate 100 years of independence from British rule.
25% -: 25% is a way to show a part of something. Here, it means that one-fourth of India’s economy will come from manufacturing.
Modi’s government -: Modi’s government refers to the current government led by Prime Minister Narendra Modi. He has been the Prime Minister of India since 2014.
Critics -: Critics are people who express their opinions about something, often pointing out problems or areas for improvement.
Global manufacturer -: A global manufacturer is a company or country that makes products for people all around the world.
