The Prime Minister, Shri Narendra Modi, today launched the Make in India initiative with an aim to boost India`s manufacturing sector.
The Prime Minister said it is important for the purchasing power of the common man to increase, as this would further boost demand, and hence spur development, in addition to benefiting investors. The faster people are pulled out of poverty and brought into the middle class, the more opportunity will there be for global business, the Prime Minister said. Therefore, he said, investors from abroad need to create jobs. Cost effective manufacturing and a handsome buyer – one who has purchasing power – are both required, the Prime Minister said. More employment means more purchasing power, he added.
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