Atmanirbhar Bharat and Make in India are two significant initiatives commenced under the direction of Indian Prime Minister Shri Narendra Modi Ji. Atmanirbhar Bharat and Make in India both aims for a high cash flow in the country. These initiatives have boosted the exports of products manufactured and developed within the geographical boundaries of India. Before throwing light on the difference between Atmanirbhar Bharat and Make in India, furnishing details about the basic concept and points associated with both the initiatives are also important. Let’s begin with the joint features of both of the initiatives.
On 25September, 2014, our honorable Prime Minister Shri Narendra Modi propelled the Make in India initiative as a part of a more exhaustive set of nation-building initiatives. The core reason behind the introduction of this initiative was to elevate the manufacturing sector, create employment opportunities, and simplify the ease of doing business within the geographical boundaries of India. The main focus was to augment the contribution of the manufacturing segment in the GDP of the country. Beyond enhancing the manufacturing industry, Make in India represents an extensive and unmatched overhaul of outdated processes & policies.
Two major sectors covered under the scheme are mentioned below-
The manufacturing sectors that are encompassed under Make in India Initiative are-
The services sectors that are encompassed under Make in India Initiative are-
The significant objectives of the Make in India mission are mentioned below-
1- To create more than 100 million additional jobs in the manufacturing sector by 2022.
2- To uplift the manufacturing sector growth to 12-14% every year.
3- To bring an increase in the manufacturing sector’s share in the overall GDP to 25% by 2022.
4- An increase in the domestic value addition as well as technological depth in the manufacturing sector.
5- Formulating required skill sets among the urban poor as well as the rural migrants to foster inclusive development.
6- Having environmentally-sustainable progress that ensures advancement without harming the environment at any cost.
7- Escalating the global competitiveness of the manufacturing sector of India.
Due to the Make in India Movement, a brainchild of our PM Narendra Modi, our country has witnessed a positive transformation in different areas.
Let’s have a look at the developments in India-
1- Goods and service tax has relaxed the procedural system engrossed in tax & also aided in bringing a reduction in the production costs.
2- Digitization has taken centre stage in modern time. The seamless online system has simplified the journey from the birth of the company and its survival.
3- The term Foreign Direct Investment (FDI) has been doing the rounds for a bit now. FDI liberalization has brought an escalation in the inflow of funds and has started assisting India to walk on the path of becoming an open economy. The after-effects are likely to be positive due to increased job opportunities.
4- Connectivity is helpful in expanding businesses. The Bharatmala Pariyojana Programme & Sagarmala programme is striving to achieve the same.
5- Schemes such as Prime Minister’s Jan Dhan Yojana and Jan Dhan Yojana endeavors at financial inclusion of all the citizens.
6- Technology did not have its presence in many backward or rural regions. However, now, with the initiation of BharatNet making digital delivery, various services across the country have been commenced.
7- On a global level, India stands at No. 4 in terms of its capability to harness power from winds & stands at No. 6 in solar power on a global level.
8- The Central Government has extended the FDI limit in the defense sphere from 49% to 74% under automatic route & above 74% via the government route.
9- In projects related to construction & specified rail infrastructure, 100% FDI under the automatic route has been granted.
The joint features of Atmanirbhar Bharat and Make in India are mentioned below-
Atmanirbhar Bharat is the vision of Prime Minister Narendra Modi with a desire to usher India on the path of self-reliance. The Prime Minister has brought this initiative into limelight during his announcement of the coronavirus pandemic with respect to the economic package on 12 May 2020. With a vision to revive all the spheres of the economy including demand, supply, as well as manufacturing and transforming India as a self-reliant country, Prime Minister Narendra Modi has introduced this scheme. From financial aid to skill development programmes, this initiative focuses on the all-round revival of the economy. The Atmanirbhar Bharat yojana is the economic package announced in numerous tranches for refilling the empty pockets as well as stomachs who suffered a lot amidst the COVID-19 outbreak.
Atmanirbhar Bharat Scheme (Also known as Self-reliant India Mission) stand on the five pillars showcased below-
The five tranches under Atmanirbhar Bharat Scheme are exhibited below-
A total of INR 5, 94,500 crores furnished for the first tranche under Atmanirbhar Bharat Abhiyan, which shall solely focus on strengthening India’s backbone and revitalizing the Indian Economy. MSME is regarded as the real backbone of the Indian Economy; Central banks & the Government are taking all necessary measures to uplift the growth and advancement of small scale sectors.
Actions taken in the first tranche are shown in brief-
After the announcement of the first installation package, Union Finance Minister Nirmala Sitharaman introduced the second tranche, primarily focusing on Migrant labourers, street vendors, as well as farmers. Rs. 3, 10,000 Crore has been allotted for the second tranche under this Yojana.
Measures taken by the Indian government in this regard are mentioned below-
Under the umbrella of the third tranche of Atmanirbhar Bharat Abhiyan, the Indian government has focused mainly on agricultural reforms. The main goal is to strengthen agrarian sectors, fishery, animal husbandry, as well as dairy. The Government announced an entire sum of Rs. 1.5 lakh crore as the agricultural infrastructure fund. Union Finance Minister Nirmala Sitharaman came up with other various economic measures that solely strived to develop better infrastructure & capabilities in rural areas.
The agricultural reforms in favor of the agricultural sector encompass-
Under the Atmanirbhar Bharat Abhiyan, the Central Government of our country announced a fourth tranche entailing a sum of Rs. 20 lakhs in favor of eight significant sectors such as coal, minerals, airspace, defense, etc. The fourth & fifth tranches have an equal value of Rs. 48,100 crore, integrating the additional fund of Rs. 40,000 crore for MNREGA for generating job opportunities amidst the lockdown in India. Rs. 8100 crore was in support of viability gap funding.
The segments covered in the fourth tranche are exhibited in brief-
An additional package of Rs. 40, 000 crore in seven steps for health & education, ease of doing business, MGNREGA, decriminalization of Companies Act, state government funds, as well as others. The Central Ministry has granted INR 46, 038 crores for the state governments. In addition to this, the government has uplifted the advance limit by 60% for emergency use. INR 4,113 crore was released from the Healthy Ministry for COVID-19 relief activities in favor of state governments.
More or less, Atmanirbhar Bharat and Make in India carry similar approaches. Moreover, we can say that Atmanirbhar Bharat is a revamped version of the Atmanirbhar Bharat initiative. Both of the schemes, i.e., Atmanirbhar Bharat and Make in India, indicate an acceleration in exports, increase in job opportunities, increase in manufacturing activities in India, and minimize the scope of dependency on imports. Every individual holds a different perspective, and the difference between Atmanirbhar Bharat and Make in India lies in that point of perspective.
1- Atmanirbhar Bharat Mission revolves around reviving all the spheres in the Indian economy from demand, supply to manufacturing. On the other hand, the Make in India initiative endeavors to develop the manufacturing sector of the country.
2- Atmanirbhar Bharat offers skill development programmes as well as formulates employment opportunities for unskilled labor, whereas Make in India open the doors of employment for skilled labor.
3- Atmanirbhar Bharat will motivate us to produce and manufacture different types of products locally in India for domestic use & also for exports whereas Make in India will pull down the figures of imports since all the vital products will be produced in India & leftover products may get exported in the future course of time.
4- The term “Atmanirbhar Bharat” is giving wings to the self-help factor, while the term “Make in India” is giving wings to the inter-dependency factor.
5- Atmanirbhar Bharat is a narrow concept, whereas Make in India is a broad concept.
After going through the above-points, reflecting the difference between Atmanirbhar Bharat and Make in India, you will realize that both are almost the same as they are not much different from each other. It’s only a matter of perspective.
Atmanirbhar Bharat and Make in India are the byproducts of Narendra Modi’s vision. After the introduction of these schemes, many young startups, manufacturing businesses, and Indian products have gained popularity. At Aatmnirbhar Sena, we are creating awareness about Atmanirbhar Bharat and Make in India via this blog, and we hope that you will easily understand the basic concepts and the key differences between Atmanirbhar Bharat and Make in India.
Read our article:Atma Nirbhar Bharat Yojana: A Ray Of Hope Amid COVID-19