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Sectors in Focus - Make in India, Interdisciplinary issues in Indian Commerce Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com

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FAQs on Sectors in Focus - Make in India, Interdisciplinary issues in Indian Commerce Video Lecture - Interdisciplinary Issues in Indian Commerce - B Com

1. What is the Make in India initiative and how does it impact the sectors in focus?
Ans. The Make in India initiative is a program launched by the Indian government to encourage domestic and foreign companies to manufacture their products in India. It aims to boost the manufacturing sector, create job opportunities, and attract investments. The sectors in focus under this initiative include automobiles, chemicals, textiles, electronics, defense, and aerospace, among others. The initiative aims to improve the competitiveness of these sectors and make India a global manufacturing hub.
2. What are some of the interdisciplinary issues faced in Indian commerce under the Make in India initiative?
Ans. The interdisciplinary issues faced in Indian commerce under the Make in India initiative include challenges related to infrastructure development, skill development, legal and regulatory framework, technology adoption, and coordination between various government departments. These issues require collaboration and coordination between different disciplines such as engineering, law, economics, and management to ensure the smooth implementation of the initiative and address any bottlenecks.
3. How does the Make in India initiative contribute to job creation in India?
Ans. The Make in India initiative aims to promote manufacturing activities in India, which in turn leads to job creation. By attracting domestic and foreign investments in sectors such as automobiles, electronics, and textiles, the initiative creates employment opportunities across various skill levels. The growth of these sectors not only generates direct jobs in manufacturing units but also indirect jobs in the supply chain, logistics, and services sectors, thereby boosting overall employment generation in the country.
4. What are the key objectives of the Make in India initiative?
Ans. The key objectives of the Make in India initiative are to increase the share of manufacturing in India's GDP, attract foreign direct investment (FDI) in the manufacturing sector, create job opportunities, improve the competitiveness of Indian industries, and promote sustainable development. The initiative also aims to simplify business procedures, enhance ease of doing business, and promote innovation and entrepreneurship in the manufacturing sector.
5. How does the Make in India initiative impact foreign companies looking to invest in India?
Ans. The Make in India initiative provides a favorable environment for foreign companies looking to invest in India. It offers incentives such as tax benefits, relaxed regulations, and streamlined approval processes to attract foreign direct investment (FDI) in the manufacturing sector. By focusing on sectors such as automobiles, defense, electronics, and textiles, the initiative aligns with the interests of many foreign companies. Additionally, the initiative aims to improve the ease of doing business in India, making it more attractive for foreign companies to set up manufacturing units and expand their operations in the country.
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