Which of the following statements with regard to the 'Make in India' initiative is/are correct ? 1. It was launched in the year 2018. 2. Its objective is to foster innovation. Select the correct answer using the code given below:
2 only
The 'Make in India' initiative is a flagship program launched by the Government of India. Its primary goal is to encourage companies to manufacture their products in India and boost the manufacturing sector within the country. Let's analyze the given statements about this initiative.
The first statement says the 'Make in India' initiative was launched in the year 2018. We need to verify the correct launch date of this important program.
Therefore, Statement 1, which claims the launch year was 2018, is incorrect.
The second statement claims that an objective of the 'Make in India' initiative is to foster innovation. Let's look at the key goals of the program.
Therefore, Statement 2, stating that fostering innovation is an objective, is correct.
Based on the analysis of both statements:
Only Statement 2 is correct.
Let's examine the given options based on our conclusion:
Thus, the correct option is the one stating that only statement 2 is correct.
| Feature | Detail |
|---|---|
| Launch Date | September 25, 2014 |
| Primary Goal | Encourage manufacturing in India, boost the sector |
| Key Objectives | Foster innovation, skill development, infrastructure development, attract investment, protect intellectual property |
| Initiated By | Government of India |
The 'Make in India' initiative is not just about manufacturing; it's a broader effort to transform India into a global design and manufacturing hub. Beyond fostering innovation, other critical objectives include:
By focusing on these areas, 'Make in India' aims to create jobs, boost economic growth, and improve India's position in the global supply chain.
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