The Atmanirbhar Bharat Scheme announced by the Government helps in :

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Enhancing India’s manufacturing capabilities and exports across the industries
Incentivizing foreign investments for domestic production

Select the answer using the code given below :

1 only

2 only

Both 1 and 2

Neither 1 nor 2

Answer is Right!

Answer is Wrong!

This question was previously asked in

UPSC CDS-2 – 2024

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The correct option is C. The question asks how the Atmanirbhar Bharat Scheme announced by the Government helps.

The Atmanirbhar Bharat Abhiyan (Self-Reliant India Mission) is a comprehensive economic package and strategy aimed at making India self-reliant. Key objectives and components of the scheme include:
1. **Enhancing India’s manufacturing capabilities and exports:** A central goal is to boost domestic production across various sectors, improve quality and efficiency, and make Indian industries competitive globally, thereby increasing exports. Initiatives like Production Linked Incentives (PLI) are designed for this.
2. **Incentivizing foreign investments for domestic production:** The scheme aims to attract foreign capital and technology to boost manufacturing and other sectors within India. The PLI schemes, for example, are open to both domestic and foreign companies establishing or expanding manufacturing base in India.

Both statements accurately reflect the aims of the Atmanirbhar Bharat scheme. It seeks to strengthen the domestic economy by improving manufacturing capabilities, reducing import dependence where feasible, and promoting exports, while also leveraging foreign investment and technology to achieve these goals. The emphasis is on becoming self-reliant, not self-contained, implying continued engagement with the global economy through trade and investment.

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