Today, India has become a global business hub, be it aviation, automobile, mining, defence or etc.

there is
a boom of investment, this is primarily because of one scheme that the Govt. introduced three years back,
known as the ‘Make in India’, this scheme was introduced to encourage investors to set-up their
businesses in the country. On September 25th, 2014, The Hon’ble Prime Minister of India, Shri Narendra
Modi launched this initiative in order to revive Indian economy & thus making India a superpower. It is
an initiative to invite top business investors all across the world to invest in India. This attractive plan has
resourceful proposals for the foreign companies to set up manufacturing powerhouses in India. This
campaign focuses on building the effective physical infrastructure as well as improving the market of
digital network in the country to make it a global hub for business (ranging from chemicals to paper, food
processing to mining, etc). This program is designed to transform the country into a global business hub
as it contains attractive proposals for local and foreign companies. This initiative focuses on creating
substantial no. of jobs as well as skill enhancement in almost 25 sectors of economy for improving the
status of youths of the country. After the implementation of this policy, India has witnessed a
considerable growth in foreign direct investment, in the year 2015-16 India witnessed the highest ever
FDI inflow at $ 55.5 Billion. It has imprinted a positive image of the country’s economy at global level.
As per the IMF, India has emerged as the fastest growing economy with a GDP growth rate of above
7.6% in 2015-16. To make this campaign a success the Govt. of India has introduced a no. of specific
measures in order to attract domestic and foreign investors in various sectors. India received worth US$
260 billion of investment commitments and investment inquiries worth US$ 23 billion between
September 2014 & February 2016. As a result, India emerged as the top destination globally in 2015
for foreign direct investment (FDI), surpassing the USA and China, with US $60.1 billion FDI in 2016-
17. India jumped to 100th place in the ease of doing business ranking from 142 in 2014 when this
campaign was started and also rose to 32 places in World Economic Forum’s Global Competitiveness
Index, and 19 notches in the Logistics Performance Index. I would like to conclude it by saying that with
every initiative/scheme there comes a challenge on how to execute it and make it fruitful. In this scheme
also, there are certain challenges that an investor faces while establishing their businesses, major one’s
being the political gridlock, role of different states, better infrastructure, skilled labour and power supply.
Having said that this initiative has projected India as a global investment hub, still these hindrances affect
the mindset of many other investors in India as well as globally, had these impediments not been there,
this scheme would have given more valuable results.