2
Question
_____________ was set up in 2004 to improve the growth rate of manufacturing Industries.
_____________ was set up in 2004 to improve the growth rate of manufacturing Industries.
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Solution
The correct option is A National Manufacturing Competitiveness Council
The desired growth rate for the manufacturing sector in India is at least 12 percent. Since 2003, this sector has been growing at the rate of 9 to 10 percent. Setting up of the National Manufacturing Competitiveness Council (NMCC) was an initiative by the government and the industries to remedy this. It was set up in 2004. Make In India is another key step taken with the intention of encouraging locally produced goods.
The desired growth rate for the manufacturing sector in India is at least 12 percent. Since 2003, this sector has been growing at the rate of 9 to 10 percent. Setting up of the National Manufacturing Competitiveness Council (NMCC) was an initiative by the government and the industries to remedy this. It was set up in 2004. Make In India is another key step taken with the intention of encouraging locally produced goods.
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