The National Capital Goods Policy in India was launched in _____.
Show answer & explanation
Correct answer: B
Explanation
Correct Answer: Option 2: 2016
Explanation:
India's first National Capital Goods Policy was launched in 2016. The main goal of this policy is to make India a global manufacturing hub for capital goods and strengthen the 'Make in India' campaign. It aims to significantly increase capital goods production by 2025.
Additional Facts:
Goal: This policy aims to increase capital goods production from ₹2.3 lakh crore in 2014-15 to ₹7.5 lakh crore by 2025.
Employment: This sector has the potential to provide direct and indirect employment to millions of people.
Exports: Another important goal of the policy is to increase exports from 27% to 40% of production.
Possible Questions for the Upcoming Exam:
In which year was India's first National Capital Goods Policy notified?
(Answer: 2016) The National Capital Goods Policy aims to reach production of ₹7.5 lakh crore by which year?
(Answer: 2025).
The 'Capital Goods' sector is a key pillar of which major government initiative?
(Answer: Make in India).