Economics • Indian EconomyEasy
What is the main objective of the 'Startup India' initiative launched by the Government of India?
A. To build a strong ecosystem for nurturing innovation and startups, driving economic growth and generating employment.✓ Correct Answer
B. To provide mandatory employment to rural youth under guaranteed public works.
C. To nationalize emerging technology companies in the artificial intelligence sector.
D. To provide direct subsidies to large-scale heavy machinery manufacturers.
💡 Solution & Explanation
The Startup India initiative was launched by the Government of India to build a robust and vibrant ecosystem for nurturing innovation, boosting economic growth, and generating large-scale employment opportunities through tax breaks and funding support. It does not involve nationalizing tech companies or implementing rural public works programs. Government flagship schemes and their primary objectives are standard recurring themes in economic current affairs.
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