The 'Make in India' initiative primarily focuses on which sector?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Manufacturing
- The 'Make in India' initiative primarily focuses on boosting the manufacturing sector in India.
- Launched in 2014 by the Indian government, it aims to transform India into a global manufacturing hub by encouraging both domestic and foreign companies to invest in manufacturing in India.
- The initiative covers 25 key sectors, including automobiles, electronics, pharmaceuticals, textiles, and defense manufacturing, to enhance economic growth, create jobs, and improve infrastructure. It seeks to increase the manufacturing sector's contribution to India's GDP and reduce reliance on imports.