1. Enhancing India's manufacturing capabilities and exports across the industries
2. Incentivizing foreign investments for domestic production
Select the answer using the code given below :
Both 1 and 2
Atmanirbhar Bharat Scheme Objectives Explained
The Atmanirbhar Bharat Abhiyan, or the Self-Reliant India Mission, was launched by the Government of India to make the country self-sufficient and a global manufacturing hub. Let's analyze the objectives mentioned:
Analyzing Statement 1: Manufacturing and Exports
- Enhancing Manufacturing Capabilities: The scheme focuses significantly on strengthening India's domestic manufacturing sector. Initiatives like Production Linked Incentives (PLI) are introduced to boost production in key industries, improve product quality, and build economies of scale.
- Boosting Exports: By enhancing manufacturing capabilities, the goal is not just to meet domestic demand but also to increase India's share in global trade. The scheme aims to make Indian products globally competitive, thereby enhancing export potential across various sectors.
Therefore, statement 1, "Enhancing India's manufacturing capabilities and exports across the industries," aligns with the core objectives of the Atmanirbhar Bharat Scheme.
Analyzing Statement 2: Foreign Investment
- Incentivizing Foreign Investment: While promoting self-reliance, the scheme also recognizes the importance of global integration. It seeks to attract Foreign Direct Investment (FDI) into sectors where India aims to build capabilities.
- Domestic Production Focus: The objective is to encourage foreign companies to invest in manufacturing facilities *within* India ('Make in India'), thereby contributing to domestic production, job creation, and technology transfer, rather than just importing finished goods.
Thus, statement 2, "Incentivizing foreign investments for domestic production," is also a key aspect of the Atmanirbhar Bharat initiative, aiming to leverage global capital and expertise for local manufacturing growth.
Conclusion on Scheme Objectives
Based on the analysis, the Atmanirbhar Bharat Scheme aims to achieve both goals simultaneously: building robust domestic manufacturing and export capabilities while also attracting foreign investment to bolster local production. Both statements accurately reflect the scheme's multifaceted approach to economic development and self-reliance.
Important Questions from Taxation
What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'?
1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India.
2. It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves.
3. It will enormously increase the growth and size of the economy of India and will enable it to overtake China in the near future.
Select the correct answer using the codes given below:
The sales tax you pay while purchasing a toothpaste is a
Which one of the following is not a feature of "Value Added Tax”?
- In which year did the Government of India introduce Securities Transaction Tax (STT) to reduce the complexities involved in the taxation of securities transactions, promote fair trading, and prevent market manipulation?
- The Tonnage Tax Scheme, seen in Union Budget 2025-26, is associated with taxing which sector?
