Which initiative is intended to encourage domestic manufacturing and attract foreign investment?
Understanding the 'Make in India' Initiative
The question asks to identify the initiative specifically designed to encourage domestic manufacturing and attract foreign investment in India.
Make in India: Promoting Manufacturing and Investment
The Make in India initiative, launched on September 25, 2014, is a major program by the Government of India aimed at encouraging companies to manufacture goods within the country. Its core objectives include:
- Boosting domestic manufacturing sector growth.
- Creating employment opportunities for the Indian workforce.
- Attracting significant foreign investment (FDI) into India.
- Establishing India as a global manufacturing hub.
- Improving the ease of doing business in India.
By focusing on various sectors like automotive, electronics, textiles, and more, 'Make in India' seeks to transform India into a production powerhouse, thereby stimulating economic growth and increasing the share of manufacturing in the country's GDP.
Analyzing Other Initiatives
While other government initiatives are crucial for India's development, they serve different primary purposes:
- Digital India: This initiative focuses on transforming India into a digitally empowered society and knowledge economy by improving online infrastructure, digital literacy, and e-governance services. It doesn't directly target manufacturing promotion or foreign investment in the same way as 'Make in India'.
- Startup India: This program aims to build a strong ecosystem for nurturing innovation and entrepreneurship in startups. While it can lead to new manufacturing ventures, its main focus is on the startup ecosystem itself, not broad-based manufacturing and foreign investment attraction.
- Skill India: The goal of the Skill India campaign is to train over 40 crore people in India in different skills by 2022. It focuses on enhancing the employability of the workforce, which supports manufacturing but is not the primary driver for attracting investment or promoting manufacturing itself.
Therefore, 'Make in India' is the most fitting initiative described in the question, as it directly addresses both the encouragement of domestic manufacturing and the attraction of foreign investment.
Important Questions from Government Policies and Schemes
Which of the following statements about ‘SHRESHTA’ scheme, launched recently by the Government of India, is/are correct?
1. This scheme is for residential education for students in high school in targeted areas.
2. It provides for high quality education for meritorious but poor Scheduled Caste students.
Select the correct answer using the code given below.
On 14 th January, 2022, which one of the following ministries has organized a global Surya Namaskar Demonstration programme?
Bharatmala Pariyojana is related to
Which of the following statements about Krishi Kalyan Cess (KKC) is/are correct?
1) KKC is calculated in the same way as Service Tax is calculated.
2) The current rate of KKC is 0.50%
3) KKC is similar to the KKS (Krishi Kalayn Surcharge)
Select the correct answer using the code given below:Which of the following is/are the component/components of the Integrated Power Development Scheme launched by the Government of India recently?
1. Strengthening of sub-transmission and distribution networks in the urban areas
2. Metering of distribution transformers/feeders/consumers in the rural areas
Select the correct answer using the code given below:
