Economics • Indian EconomyEasy
What is the primary objective of the 'Startup India' initiative launched by the Government of India?
A. To provide universal basic income to rural households
B. To build a strong ecosystem for nurturing innovation and entrepreneurship in the country✓ Correct Answer
C. To nationalize loss-making heavy manufacturing industries
D. To provide direct cash subsidies for agricultural inputs
💡 Solution & Explanation
The Startup India initiative was launched by the Government of India in 2016 to build a robust ecosystem that nurtures innovation, encourages entrepreneurship, and drives sustainable economic growth. It focuses on simplifying compliance, providing funding support, and establishing industry-academia partnerships rather than nationalizing industries or providing universal basic incomes. This flagship program aims to transform India from a nation of job seekers to a nation of job creators.
More Economics Indian Economy questions
- The 'National Export Insurance Account (NEIA)' trust, established by the Government of India, is primarily…
- Which of the following organizations in India is statutorily responsible for compiling and publishing the…
- Under which Article of the Constitution of India is the President required to cause to be laid before both…
- Which committee was appointed by the Government of India to review the Fiscal Responsibility and Budget…
- Under the institutional framework of Indian fiscal policy, what does 'Revenue Deficit' signify?