11/26/2017 Make in India Vs Make for India

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GLLef Series: Can Make for India overthrow Make in India?

Posted by admin on January 29, 2015

My recent journey in a MRTS train was interesting. I happened to hear a conversation between two of my co-passengers and it made me think a couple of
things related to the just-in big thing Make In India.
Passenger 1 was reading a news item about the conflict of Rajan vs. Jaitley and passenger 2, his friend, was glancing outside. The conversation was
something like this.

Passenger 1: Do you think Make for India can overthrow Make in India?
Passenger 2: Huh?? What did you ask?
Passenger 1: I asked whether you think Make for India can overthrow Make in India?
Passenger 2: Let me ask you a question, what is your understanding of Make for India and Make in India?
Passenger 1: Okay.. Let me try. In Make for India, the aim is to produce goods, which are demanded by the local economy. And then, these are made
available at affordable prices with an objective to capitalize the increasing consumerism and to exploit the higher purchasing power parity.
Passenger 2: (interrupts) you are right. Recently, India replaced Japan and become the third largest economy of the World in terms of purchasing power
parity. Now Continue please..
Passenger 1: Thanks. Let me share my views on Make in India. It means diversifying the manufacturing sector to produce as much as possible. To put it
simply, optimal output with constrained or available resources.
Passenger 2: Precisely!
Passenger 1: Having said that, in my opinion, Make for India is better than Make in India. Whats your take?
Passenger 2: I dont think so and I wish to differ. But before that, can you substantiate your stand?
Passenger : Alright.. Let me give an example. Indias import of goods and services to its GDP is around 30 per cent, for the last half a decade. Probably,
Make for India will help to curtain the imports in addition to the foreign exchange involved in this. May I now know why you differ?
Passenger 2: Make in India is better because, it not only concentrates on manufacturing goods for local but also to sell to potential markets globally. It
may lead to more entrepreneurial initiatives which further can find ways to nurture young talents in the country, all the while increasing the domestic
consumption economy. What do you say?

Passenger 1: Thats a valid point. But, successes of any dynamic policy diversification are in the hands of political governance and bureaucrats. The
stereotype that Indians are good in policy formulation and reverse in its implementation should be broken to handle anything.

Everybody listening to their conversation had a giggle hearing the last line. I was wondering how certain plain conversations like these make you think in
a way you have not thought before. The understanding of complex concepts by a common man can bring many perspectives.

There was an announcement for the next station and there they got down greeting each other and I begin to think what more Make In India mean to
common people like me?

Dr. G. Sathis Kumar

Lecturer, Great Lakes Institute of Management

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Comments

great contribution thanks for this and keep it up sir

gajendra

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