1Professor and Chairman,
2Research Scholar
India is the world's third largest economy as per Gross Domestic Product in PPP terms. In terms of population, India is second in the world, with more than 1.21 billion people (2011 Census), out of which nearly 2/3rd of the population being in their working age. This means that India will be a source of human resources in most of the aging, developed world in the coming decades. With a new Government in place, India looks poised to enter a secular growth phase, with increasing stress on inclusiveness the greater the proportion of our population that is brought into the financial mainstream, the greater is the scope for growth combined with reduced inequalities is a dream of any development economies is concern. With a view to make India as an attractive global manufacturing hub, the Government has announced a “Make in India” project, which aims at easier and more effective governance to help achieve high growth rates and employment creation. Brazil, China, Singapore, Canada, USA, UK as attracting more FDI through Tax Reforms. The new Government of India should come out with new Tax Incentives policies, Foreign Trade Policies to attract more Foreign Direct Investment to emerging sectors in India. In This Respect this paper aims to understand the importance of Tax Incentive policies in enabling Make in India. For the purpose of the study Secondary Data has been collected, Tax Incentive of China and India is taken into consideration.
Economic Growth, Government Policies, GDP, Make in India, Tax Incentives