A Policy-Cum-Perception Analysis on the Economic Reform Program: ‘Make in India’

Abstract

India known for its policy paralysis and a mass industrial destitution is redefining its policies and strategies for Trade progress and Industrial growth. One of the programs of the Government of India – ‘Make in India’ has a mixed response from industrialists, economists and media. The study attempts to understand the reach and acceptability of the program by the major economic contributors Micro Small and Medium Enterprises (MSME) sector. This research analyses the economic history in the relevant context to provide a wholesome picture, and the perception of one of the MSME operators. The recorded perception of MSME operators covers the prospects and pitfalls of the current system and that of the new program. Over 50 respondents from 5 clusters where selected through purposive sampling method to administer in depth interviews to collect data. The study revealed that the essence of the program has not reached the grass root and the sector operates with loads of inhibitions, impediments and are unfocussed.

DOI: 10.5901/mjss.2015.v6n4p226