Since this was the earlier post, the other one was deleted. I am hence restoring the text in this thread.
When people come at you with their worst, you should come at them with your best (advice given to Selena Gomez by her mother, quoted in Time magazine.)
It is true if we important from other countries we will lose lot of foreign currency. So if we make in India and export it definitely our economy position will improve. But presently all political leaders are in the hands of a few big private corporates. If big foreign companies comes and our political leaders should not go into their hands.
It is true employment potential will increase. Many jobs will come and people will get jobs. But our hard work will result in somebody's cash.
A balanced policy is always desirable.
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
The investment in stock market will enable the money invested plus profit earned to be remitted back, affecting our foreign exchange. Make in India means investing on plant and machinery, employing our people and producing in India. That helps development , employment and gross productivity. These will improve our economy. When some item is produced in the country we buy it with our own rupee. We need not import it and lose foreign exchange. We get taxes.If the excess production is exported, we get foreign exchange also.
For sensitive items like arms and ammunition ,aeroplanes etc which we now import, we do not know if the same weapon is given to our adversary also. But if the same is produced here itself, at least we know how much is produced and how much is exported and to whom. That helps our defence strategy planning also.
When foreign investment comes here fr make-in -India projects, only the profit is taken out, but the capital investment remains here enabling development.That will help our precious internal resources to be used for essential welfare measures and for those things where we cannot take foreign finnacial support.