Economics • Indian EconomyEasy
What does the 'Make in India' initiative, launched in 2014, primarily aim to achieve?
A. To transform India into a global design and manufacturing hub by facilitating investment, fostering innovation, and enhancing skill development✓ Correct Answer
B. To restrict all foreign imports and achieve complete economic autarky
C. To nationalize all private retail and e-commerce enterprises operating in urban centers
D. To subsidize agricultural exports to developed Western economies
💡 Solution & Explanation
Launched in September 2014, the Make in India initiative aims to transform India into a global manufacturing and design hub by fostering innovation, enhancing skill development, and attracting foreign investment. Alternative choices suggesting economic autarky or the nationalization of retail misrepresent the open-market and export-oriented philosophy of the policy. Such industrial schemes are frequently tested in economic and current affairs sections.
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