This question hangs in the balance. With the current changes and economic growth in India, anything is possible. The question that follows this is, what does the country need to beat the odds? Am sure creating a manufacturing country or manufacturing hub takes a lot. Big and recognized countries didn’t make it happen in day. As Indian we should take the perspective of do we have enough resources?
Basically Indian is classified as a software manufacture as countries like China take the glory of hardware manufacturing. Indian are we there yet? This will take a lot economic wise and man power. Note there is also a lot competition but again can we beat the odds?
Looking at the brighter side India has all the potential to become a manufacturing country. They have set different policies and are really taking on the electronic world. Experts call it a 3D advantage which makes the manufacturing idea bright as the country has demography, democracy and demand. I most fall for the demand part. With new technologies coming up demand for new gadgets is highly rising.
Taking Mobile phones especially the smart phone devices. All country whether third world need them. If India takes the electronic pathway. I bet you they are in right ship.
Investment of big companies like Samsung factory adds up the taste. Now the country can manufacture and sell their products making big markets. We have the car manufactures take the type of Suzuki. A study by the famous Deloitte which concludes to be true if well followed. Show that Indian will move fast and high to the 5th position in the year 2020. This ranks it among the top best manufacturing country in the world.
However this has to get the support of the government at large. Here we are talking about the GDP. Checking at the statistics Indian government has plans and has already started increasing manufacturing share to 25% GDP.
India is not yet there but has really pushed it way through and in few years to come it will be there. Taking countries like US where the labour cost is $37.96 per hour which gives a big difference compared to India’s $ 1.75 per hour.
But what are the strategies? What do we need? Sincerely I bet the country has taken its baby steps already. Having companies invest in the country is a good sign. The country can provide or take grants from others and invest in car manufacturing, electronics internet gadgets etc. the government should advocate for exporting their own made products. Have a link to the global market, where you can sell and also buy ideas. Let outside world invest in the country and with time the country’s economy will boost its own manufacturing hub.
On this take India becoming a manufacturing country is an open question. It has all the positivity giving the green light with capital, workers and right attitude from the government. Lay down the right policies to govern the manufacturing industry, make best infrastructure and search for markets at the outside world. Yes petty stuff but will make the road to manufacturing easier.