The concept of 'New India' has brought many opportunities and hence, challenges for our Industries. Comment through a TOWS framework.

Post liberalization, our country has witnessed tremendous changes, especially in the decade gone by, related to the macro-environment. Earlier, Globalization brought many forced changes, however, after the current Government took charge at the Centre again, a newer and much bolder concept of national depiction has arrived and is increasingly becoming acceptable across industries and common citizens, called 'New India'. In fact, it is an indicator of economic strength provided by a stable political environment, transforming socio-cultural fabric, action oriented legal environment, addressing ecological concerns and embracing the technological advancements that has repositioned India in a different league of nations altogether and its leading role towards creating a new world order is strongly acknowledged by the traditional power centres on the Globe. Indian industry has come a long way from the command, control style of functioning rooted in an inward looking Import substitution policy to an export orientation, globally competitive, quality driven style of functioning. In short term, with improved investment scenario coupled with government support through and reforms, the industrial performance is expected to do better. But in large run, the performance depends on how well the reforms are initiated, the investment and growth in Infrastructure, the continued availability of natural resources avail of low-cost, high skill workforce and global market scenario. Threats Difficulty in edging out China on many parameters Still poor in R&D, gender issues, innovation and industrial facilitation Agricultural sector not performing well Social security missing for society's lower segment Corruption and Red Tapism still prevalent Sustainability parameters missing Opportunities Industry becoming highly competitive Growing recognition of "Make in India" and "New India" branding in global market High outscoring opportunities Quality initiatives being undertaken Indian MNCs operations increasing worldwide Scale of operations across different sectors going up Vast talent pool and skill acquisition by young brigade Government initiatives for industrial surge, policies reframing Greater concern for green policy framework Financial Inclusion initiatives to strengthen the bottom-line Weaknesses Industrial sickness prevalent across certain sectors Outdated labour laws Regulatory bodies limited agility Poor functioning of micro and small enterprises Inadequate and poor quality infrastructure in some areas Strengths Government proactiveness on various fronts Global outreach politically and economically Proximity to global power centres Increasing R & D activities and developing educational Institutions Balanced Public and Private Sectors Growing demand for goods and services Availability of comparably low-cost and skilled work-force Capacity augmentation across Industrial segments Increasing investments and FDI Fast technological development