Indian President inaugurated 35th India International Trade Fair at New Delhi

The President of India,Shri Pranab Mukherjee inaugurated the 35^th India International Trade Fair 2015 at New Delhi. Speaking on the occasion, the President said that IITF 2015 presents an ideal platform for the global fraternity which has a shared interest in trade relations to enhance peace and prosperity.

India’s efforts for inclusive economic growth and social advancement have shown the way forward to many developing countries. Several recent initiatives of the Government of India have already started showing results and have created a positive impact in key sectors.The President said that he was particularly glad to find considerable participation of companies from the SAARC region. Theme of 2015 edition of IITF is Make in India in order to encourage companies to manufacture their products in India. It will promote Make in India programme.
What is "Make in India" initiative
Aim: to give the Indian economy global recognition. 
Ministry: Department of Ministerial Policy and Promortion.
Benefits: 
1. It will increase purchasing power of the common man, and this would further boost demand, and hence spur development, in addition to benefiting investors.
2. Faster people will be pulled out of poverty and brought into the middle class,thus giving the more opportunity will there be for global business.
3. More manufacturing units in India results in more employment.
Main Purpose: to attract investors and enterpreneurs to start their bussiness easily by easing policies. Also to make India a manufacturing hub,as it will decrease our dependence on exports,will reduce our fiscal deficit and finally develop our country to compete with other developed counteries.
Reasons behind for India an attractive destination:
1. Over the past two decades India has emerged as one of the fastest growing economies in the world.
2. India is the second-largest populated country. India has a very young population with over 62% in the age group of 15-59 years.
3. Demographic dividend; large consumer market; emerging knowledge hub.
4. India has third-largest technical and scientific manpower pool in the world.
5. Greater liberalization; strengthening domestic and exports sector.
6. India to be fifth-largest consumer market by 2025.
7. Per capita consumption of all major items is much below the world average thus providing ample opportunities for growth.
8. High Return on Equity (ROE)/ Return on Capital Employed (ROCE) for investments in India.