MAKE IN INDIA INITIATIVE AND ITS IMPLICATIONS

India's economy, which ranks tenth in the world in terms of nominal GDP, is among the fastest growing in the world. The government of India's "Made in India" initiative promotes investment, innovation, skill development, intellectual property protection, and the development of manufacturing infrastructure. On September 25, 2014, the Prime Minister of India, Narendra Modi, unveiled the "Made in India" campaign, an international marketing tactic designed to draw in foreign investment and establish India as a global hub for manufacturing. This "Made in India" campaign offers guidance to international investors, as well as timely assistance, pertinent information, and a proactive approach. With this initiative, the Indian government hopes to make good use of its rapidly growing labor force, realizing that the service sector—which accounts for between 55 and 60 percent of GDP—cannot be the only engine driving the nation's economy. The study's only data source is secondary. The data came from a variety of sources, including reputable websites, research articles, government publications from India's Ministry of Commerce, and various RBI bulletins. "Made in India" will have a significant impact on industries such as manufacturing, automotive, aerospace, biotechnology, defense, media, thermal power, oil, and gas, according to the study. As a result, we can conclude that, while "Made in India" arrived at the right time, its implementation still poses significant challenges.