Come, Make in India: The Tech Story

9-min

India Then and Now The election of a new nationally ruling government in India in May, 2014 has been succeeded by a consistent focus on reforms to boost its economy. The overall aim of these reforms is to make it easier to do business in India and to promote it as a manufacturing destination. In other words, it means reducing barriers to investment, simplifying procedures and increasing transparency and predictability in the regulatory environment, to promote the campaign “Make in India”, aimed at enhancing the growth of the economy.

Prior to the most recent parliamentary elections in 2014, India was ranked 142 in a list of 189 countries on the World Bank’s “Ease of Doing Business’’ report. The new government came to power in an India with a growth rate of 6.7 percent and inflation at 6.4 percent. It was within this context that the government launched the “Make in India” initiative. Through this initiative, foreign investment was sought to be made more productive and efficient across a vast range of sectors, including Information and Communications Technology (ICT).

Kriti Trehan Lahiri is an Associate with the Policy and Advisory Policy at Luthra & Luthra Law Offices, New Delhi.

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