What is the primary objective of the Indian government's “Make in India” initiative?

CA Foundation · Business Economics · MTP · January 2025
What is the primary objective of the Indian government's “Make in India” initiative?
(A) A. To increase imports from other countries
(B) B. To promote local manufacturing and attract foreign investment
(C) C. To reduce domestic production costs
(D) D. To expand the agricultural sector

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. To promote local manufacturing and attract foreign investment

Topics: Public Finance

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