Consider the following statements::Statement-I: Make in India is a government initiative that was launched with the aim of making India a global manufacturing hub. Statement-II: Make in India requires companies to manufacture their products entirely in India.Which one of the following is correct in respect of the above statements? |ForumIAS

Q. Consider the following statements::
Statement-I: Make in India is a government initiative that was launched with the aim of making India a global manufacturing hub.
Statement-II: Make in India requires companies to manufacture their products entirely in India.
Which one of the following is correct in respect of the above statements?

[A] Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

[B] Both Statement-I and Statement-II ate correct and Statement-II is not the correct explanation for Statement-I

[C] Statement-I is correct but Statement-II is incorrect

[D] Statement-I is incorrect but Statement-II is correct

Answer: C

Notes:

Explanation –

Statement 1 is correct. Make in India is a government initiative launched in 2014 with the aim of making India a global manufacturing hub. The initiative aims to boost industrial growth, create job opportunities, and reduce dependency on imports. The Make in India initiative has had a number of positive impacts on India such as Increased FDI inflows, Increased manufacturing growth, Job creation, Reduced import dependency, etc.

Statement 2 is incorrect. The goal of Make in India is to promote manufacturing in India and to make India a more competitive manufacturing destination. However, there is no requirement for companies to manufacture their products entirely in India. Companies can still import components and parts from other countries, as long as the final product is assembled in India.

Source: ForumIAS

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