Economics • Indian EconomyEasy
What is the primary focus of the 'Make in India' initiative introduced in 2014?
A. To transform India into a global manufacturing and design hub by fostering investment and innovation✓ Correct Answer
B. To nationalize core heavy industries and mineral extraction sectors
C. To restrict foreign direct investment in retail and digital commerce platforms
D. To promote agricultural exports through heavy tax rebates and freight subsidies
💡 Solution & Explanation
Launched in 2014, the Make in India initiative focuses primarily on transforming the country into a global manufacturing and design hub by fostering investment, enhancing skill development, and building robust industrial infrastructure. It does not advocate for nationalization, restrictive foreign direct investment in retail, or agricultural freight subsidies. The campaign targets twenty-five key sectors for economic expansion.
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