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Contribution of Manufacturing

is an initiat...

Question

is an initiative that encourages local production of goods. It was launched in 2014.

A

Manufacture in India

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B

GDP

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C

Make in India

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D

NMCC

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Solution

The correct option is C Make in India
The Make in India initiative was launched as part of an attempt to transform India into a global design and manufacturing hub. The key purpose of the initiative was to increase the share of the manufacturing sector in the country's national income and, in turn, promote economic development and hasten the modernisation of the economy.

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Q. This initiative was launched by the Prime Minister of India in September 2014 as part of a wider set of nation-building initiatives. Devised to transform India into a global design and manufacturing hub, this initiative was a timely response to a critical situation. It aims to encourage companies to manufacture in India and incentivise dedicated investments into manufacturing.

Which of the following initiatives is being talked about here?

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Q. ______________ is to encourage the import of capital goods for export production.

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Social and economic order and ideology that encourages the acquisition of goods and services in ever-increasing amounts is called ____________.

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