ISSN No.: 2454- 2024 (online) International Journal of Technical Research & Science DOI Number: 10.30780/IJTRS.V3.I7.2018.008 pg. 232 www.ijtrs.com www.ijtrs.org Paper Id: IJTRS-V3-I7-008 Volume 3 Issue VII, August 2018 @2017, IJTRS All Right Reserved MAKE IN INDIA AND EMPLOYABILITY- A STUDY OF STUDENT’S PERCEPTION Abhijit Mohanty 1 , BidhuBhusan Mishra 2 E-Mail Id: abhijitmohanty.1986@gmail.com, bidhu.mishra@gmail.com 1 Research Scholar, Department of Business Administration, Utkal University, Vanivihar, Bhubaneswar, Khurdha, Odisha (India) 2 Professor, Department of Business Administration, Utkal University, Vanivihar, Bhubaneswar, Khurdha, Odisha (India) Abstract-Make in India is an initiative launched by the Government of India to encourage multi-national, as well as national companies to setup their business in India. This is conceptualized by the PM of India to attract investments from businesses all over the world and transforming India into a global manufacturing Hub. The study has been conducted to understand the present status employability of graduates to support „ Make in India‟ campaign. Further, it aimed at identifying the Challenges to Employability in India. We have also tried to analyze the perception of Professionaland Humanities students & Social Sciencesstudents towards awareness and impact of „Make in India‟ campaign. Data were collected from 150 students of different colleges and universities of Bhubaneswar. Statistical tools like mean, standard deviation and t-test are used to analyze the data. The findings show that there is little dissimilarity in perception of between two groups of students regarding “Make in India” initiatives. Key words: Make In India, Employability, challenges, perception 1. INTRODUCTION Make in India is an initiative of the Government of India to encourage multinational, as well as domestic, companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014. India would emerge, after initiation of the program in 2015, as the top destination globally for foreign direct investment, surpassing China as well as the United States.The major objective behind the initiative is to focus on job creation and skill enhancement in twenty-five sectors of the economy. The initiative also aims at high quality standards and minimizing the impact on the environment. The initiative hopes to attract capital and technological investment in India.Under the initiative, brochures on the 25 sectors and a web portal (www.makeindia.com) were released. Before the initiative was launched, foreign equity caps in various sectors had been relaxed. The application for licenses was made available online and the validity of licenses was increased to three years. Various other norms and procedures were also relaxed. In August 2014, the Cabinet of India allowed 49% foreign direct investment (FDI) in the defence sector and 100% in railwaysinfrastructure. The defence sector previously allowed 26% FDI and FDI was not allowed in railways. This was in hope of bringing down the military imports of India. Earlier, one Indian company would have held the 51% stake. This was changed so that multiple companies could hold the 51%. Between September 2014 and November 2015, the government received Rs. 1.20 lakhcrore (US$18 billion) worth of proposals from companies interested in manufacturing electronics in India. 24.8% of smart phones shipped in the country in the April–June quarter of 2015 were made in India, up from 19.9% the previous quarter.Make in India focuses on 25 sectors of the economy, covering all most all the sectors. 100% FDI is permitted in all the above sectors, except for space (74%), defence (49%) and news media (26%). 2. REVIEW OF LITERATURE The previous studies related to employability and make in India were collected from various sources in order to identify the decisive factors affecting employability, general patterns of the findings and the conclusions that have been made earlier. The literatures were collected from existing journals, articles, reports and websites keeping the objectives of the study in mind. 2.1 Make in India „Make in India‟ is a dream campaign launched by the Prime Minister of India to boost this sector so that India can present its candidature for becoming the Global Leader [1]. Make in India is a considered as driver for growth in manufacturing sector. Job creation, skill development and innovation can be attended by encouraging Public Private Partnership (PPP), Joint Ventures (JV), Foreign Direct Investment (FDI) inflow in India [2]. Make in India is the key to revitalization of Indian economy. It is one of the schemes to pull back the economy from clutches of recession. Make in India initiative aims to correct the composition of Indian GDP which is the root cause of recession [3]. The development of education on the basis of skill development is necessary in India. Reforming the structure of training and education facilities to the reality of the employment market will be beneficial for employment rates [4].