Human Resource Management (usually referred to as HR) involves everything related to the employer-employee relationship and is about supporting and managing the organisation’s people and associated processes. It’s seen as a core business function essential to the organisation’s effective operation.
The Make in India initiative was launched by Prime Minister in September 2014 as part of a wider set of nation-building initiatives. Devised to transform India into a global design and manufacturing hub, Make in India was a timely response to a critical situation: by 2013, the much-hyped emerging markets bubble had burst, and India’s growth rate had fallen to its lowest level in a decade. The promise of the BRICS Nations (Brazil, Russia, India, China and South Africa) had faded, and India was tagged as one of the so-called ‘Fragile Five’. Global investors debated whether the world’s largest democracy was a risk or an opportunity. India’s 1.2 billion citizens questioned whether India was too big to succeed or too big to fail. India was on the brink of severe economic failure.
From India, Bangalore
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The Make in India initiative was launched by Prime Minister in September 2014 as part of a wider set of nation-building initiatives. Devised to transform India into a global design and manufacturing hub, Make in India was a timely response to a critical situation: by 2013, the much-hyped emerging markets bubble had burst, and India’s growth rate had fallen to its lowest level in a decade. The promise of the BRICS Nations (Brazil, Russia, India, China and South Africa) had faded, and India was tagged as one of the so-called ‘Fragile Five’. Global investors debated whether the world’s largest democracy was a risk or an opportunity. India’s 1.2 billion citizens questioned whether India was too big to succeed or too big to fail. India was on the brink of severe economic failure.
From India, Bangalore
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My view: India itself has a vast domestic market for consumption by the manufacturing sector and need not entirely depend upon the world for markets. This apart, it can tap markets first in its neighborhood like Sri Lanka, Bangladesh, Indonesia, West Asia, the Middle East, and African countries for exports. It needs to streamline its fiscal policies to increase the purchasing power of the public so that they can spend money on domestic goods. At the same time, it shall promote its service sector like IT and ITES, whose exports run into billions of dollars. This is my thought.
B. Saikumar
HR & Labour Law Advisor
Navi Mumbai
From India, Mumbai
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1979B. Saikumar
HR & Labour Law Advisor
Navi Mumbai
From India, Mumbai
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Central-Governm ent- of-India-Holida y-List 2016.pdf
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Minimum Wages in India as on 1.12.2015.doc