Reducing tariffs
Improving infrastructure
Attracting foreign investment
Subsidies for exporters
Answer is Wrong!
Answer is Right!
The correct answer is: b) Improving infrastructure.
The Andhra Pradesh government aims to increase its exports primarily through improving infrastructure. This includes building new roads, bridges, and airports, as well as improving the power grid and telecommunications networks. By improving infrastructure, the government hopes to make it easier for businesses to operate and export their goods and services.
Here is a brief explanation of each option:
- a) Reducing tariffs. Tariffs are taxes that are imposed on imported goods. Reducing tariffs can make it cheaper for businesses to import goods, which can lead to increased exports. However, reducing tariffs can also hurt domestic businesses that compete with imported goods.
- b) Improving infrastructure. As mentioned above, improving infrastructure can make it easier for businesses to operate and export their goods and services. This can lead to increased exports.
- c) Attracting foreign investment. Foreign investment can help to increase exports by providing businesses with the capital they need to expand their operations. Foreign investment can also help to improve technology and productivity, which can lead to increased exports.
- d) Subsidies for exporters. Subsidies are payments that are made by the government to businesses that export goods and services. Subsidies can help to reduce the costs of exporting, which can lead to increased exports. However, subsidies can also distort the market and lead to inefficient production.