MAKE IN INDIA
WHAT ARE THE CHALLENGES OF MAKE IN INDIA Challenges to Make in India: The biggest hindrance is the labour laws and reforms in the country. The Global Rights Index (2016), published annually by the International Trade Union Confederation (ITUC), ranked India as one of the 10 worst countries for working people. Large-scale exclusions of workers from labour law, violence and arrests are the reasons for India’s poor performance. The complex taxation system, a huge amount of paperwork and corruption may be the main cause of worries among the investors. India started out with an overly complex GST, which has dampened investor sentiment and created tremendous compliance burdens on small and medium sized enterprises (SMEs). Stringent land acquisition laws and inflexible labour regulations make it difficult for India to attract investors in the manufacturing sector. India’s benchmark land acquisition law must be amended to make it easier to buy land for defence and development projec...