Roles of Institutions & Policies in Make in India Initiative A Success and the Hurdles

Evaluating the role of Institutions and Policies in India's Manufacturing Sector

Abstract

India’s potential in the manufacturing sector has not been fully utilized yet. The Indian Manufacturing industry certainly needs to be upgraded on a priority basis to compete with its emerging market peers. Although India missed the ‘bus ‘of Manufacturing Revolution in Asia, which was taken well in time by countries like China, South Korea and Thailand. However this lost opportunity can still be availed by our Country by means of major Industrial Reforms supported with a backing of effective and targeted policy.In the present Study the Industrial reforms, hurdles challenges and the roles of Institutions for the present initiative have been analysed and need have Industry 4.0 has been evaluated.