The campaign certainly provided the thrust required to push the slowing India economy on the growth mission. TimesJobs.com spoke to industry experts to decode the impact of “effective governance” on job creation and skills development.
- Kick Start Robust Hiring as Government invests in Industrialisation
The Make in India campaign will kick in robust hiring in the coming months with the Union Government investing more in industrialisation and devising policies to boost employment and thereby contribute towards the GDP.
Ravichandran Purushothaman, president, Danfoss India
- Enhance GDP Contribution from manufacturing
More than half of the Indian workforce contributes only 14% to GDP; this campaign will help boost India’s economy by enhancing GDP contribution from Manufacturing. It will have a cascading effect on all sectors including ours through creation of millions of jobs and many opportunities for skill development.
Amit Malik, chief human resource officer, Aviva life Insurance India
- Focus on manufacturing will drive growth in other sectors
With focus on manufacturing, which is a core industry sector for job creation, the government has set the juggernaut rolling in the right direction. The focus on manufacturing will drive the development of other key sectors like infrastructure and energy as they will serve as growth enablers. This cascade effect across sectors will immensely benefit the youth entering the workforce. We expect the impact of the initiatives and schemes to be felt over a period of time. If the intent is translated efficiently into execution, we can expect the job market to grow aggressively over the next five years.
Moorthy K Uppaluri, CEO, Randstad India
- Make in India will promote human capital at grass root level
The demand for skilled manpower is widespread in the international labour market. Taking steps towards addressing this demand, the Prime Minister has emphasized on skill development in his ‘Make in India’ and ‘Deen Dayal Upadhyay-Grameen Kaushalya Yojana (DDU-GKY)’ campaigns. These initiatives create a robust platform to promote human capital at grass root level. It has also raised the confidence of Indians staying overseas to invest in high growth sectors like manufacturing, biotechnology, construction, among several others.
Sudhesh Giriyan, vice president & business head, Xpress Money
- Transforming Domestic Manufacturers into Global MNCs
After almost two years of minimal growth due to the global slowdown, the manufacturing industry is slowly recovering. By streamlining regulatory processes and introducing a dedicated cell to address the queries of business entities within 72 hours, the government has made it its mission to have global companies invest in India. This could also potentially spark off a chain reaction leading our domestic manufacturers to become global MNCs. With the mechanisms that the Prime Minister has put in place, this ‘Make in India’ campaign could spell great success for our economy, boosting job creation and a higher level of growth.
Udit Sheth, executive director, Setco Automotive
- Enabling Indian manufacturing to become globally competitive
After a long time the government has put its might behind growing the manufacturing sector. Manufacturing is key not only for expanding the GDP but most vitally for job creation. His vision of FDI – ‘First Develop India’ and make the country an attractive business destination for domestic and foreign investors is laudable. The success will however come from effective implementation in dealing with various factors required for Indian manufacturing to become globally competitive.
Harsh Pati Singhania, director JK Organisation & MD JK Paper