1 | Page Journal on Contemporary Issues of Law [JCIL] Volume 3 Issue 3 MAKE IN INDIA V. MADE IN CHINA Kapil Dhyani 1 & Akshita Saxena 2 INTRODUCTION China’s efforts to excel as a manufacturing hub back in 1992, was certainly not a stroke of luck but a prudent move at the precise strike of clock. The world required a global workshop and China successfully attempted to act at rescue. What went as a fruit of fluke was, its established skilled labour, raw materials and satisfactory infrastructural requirements. The government added tax incentives to this fluke and the country witnessed an elevation in its GDP from 2% in 1990 to 7.1% in 2000, rising up to 24.9% in 2013. Majority of the country’s GDP is contributed by the manufacturing sector due to surplus export. However, this dependency of the country on foreign transactions has become a pest as the sinking world economy has led to gloomy world demand and has dampened China's exports, in turn dropping demand of Chinese goods. Another contributory factor can be said to be the absence of low cost labour in the country. The economic growth has been slow at a pace of approx 7% GDP, which has been recorded as slowest ever in 25 years. Though despite some positive economic data, it has been noticed that manufacturing has been continued to languish. To survive this phase of business and also to advance their production, the Chinese government seems to vacate the area of low cost and volume production, and budge to high-tech production under their ‘Made in China 2025’ scheme, launched recently, to improve the value chain by manufacturing all by its own. 3 This shift can act as a windfall to India, trying to increase its share of manufacturing sector in GDP from 15% to 25% within next decade, to establish and deepen its roots as a global workshop. At such a stage of its development and shifting gears of improving the manufacturing sectors to improve the lost GDP so as to sustain the country's economy, China needs intelligent 1 3rd Year BBA LLB Student, Symbiosis Law School, NOIDA 2 3rd Year BBA LLB Student, Symbiosis Law School, NOIDA 3 Shannon Tiezzi, The Belt and Road: China's Economic Lifeline?, Diplomat (January14, 2015, 8.15 p.m.), Availabe at http://thediplomat.com/2015/07/the-belt-and-road-chinas-economic-lifeline/.