MAKE IN INDIA A BOON OR A BANE FOR FLOW OF FDI

India being a developing nation is attracting many investors to increase its production capacity and to attain economic self-sufficiency. Foreign Direct Investment flows in the form of capital, technology and human resources (skills) which plays a pivotal role in the global economy. The Indian Government's ‘Make in India' initiative is to make India a manufacturing hub and thereby to reduce import from other countries. Exploiting this opportunity, many MNCs are investing in India. But, this initiative has affected the local producers and investors because they cannot compete with MNCs which are adopting advanced technology and skilled human resource. In this scenario, the question is whether making in India initiative is really helping India to grow globally. In order to compete in the global market, we should not neglect the interest of our local producers and investors. To encourage the flow of FDI, Make in India is a good initiative but as we know everything will have two faces, this initiative should not give significance to foreign investment at the cost of our own people. The research paper throws light on the impact of making in India initiative on the free flow of FDI and merits and demerits of FDI on Indian economy.