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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

International Journal of Applied Research

Vol. 2, Issue 8, Part C (2016)

Growth drivers of emerging market economies: With special reference to make in India

Abdullah Shadab
“MAKE IN INDIA” initiative is launched to give boost to different sectors like automobiles, chemicals, IT, Pharmaceuticals, textiles, engineering & manufacturing, aviation, railways, defence, renewable energy, mining, bio-technology, electronics, leather, tourism & hospitality etc. The initiative also aims to transform India from highly potential market to the powerhouse of manufacturing, thereby creating millions of job opportunities. In short the campaign is conceived and designed to achieve multiple objectives and far reaching impact on the economy.
This paper identifies the potential growth drivers in India that could stimulate growth and drive the Indian economy on a high and sustainable growth path. Identifying substantial investments in physical and social infrastructure and harnessing the demographic dividend as the key growth drivers which will enable the economy to achieve ‘inclusive and sustainable growth’ in the period leading to FY20. The service and industrial sector provide employment to nearly 45% of the population, whereas they contribute around 86% in overall GDP.
In this paper I have discussed various opportunities and challenges that we have raised through this concept. Most of them include development in education standards, Infrastructure Building, Foundry development, and other economic issues.
Pages: 145-152  |  628 Views  18 Downloads
How to cite this article:
Abdullah Shadab. Growth drivers of emerging market economies: With special reference to make in India. Int J Appl Res 2016;2(8):145-152.
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International Journal of Applied Research