Which of the following statements with regard to the ‘Make in India’ i

Which of the following statements with regard to the ‘Make in India’ initiative is/are correct ?

  • 1. It was launched in the year 2018.
  • 2. Its objective is to foster innovation.

Select the correct answer using the code given below :

1 only
2 only
Both 1 and 2
Neither 1 nor 2
This question was previously asked in
UPSC CDS-2 – 2019
Statement 1 is incorrect. The ‘Make in India’ initiative was launched by the Government of India on September 25, 2014, not 2018.
Statement 2 is correct. One of the key objectives of the ‘Make in India’ initiative is to foster innovation and encourage skill development in the country to boost manufacturing and make India a global design and manufacturing hub.
The ‘Make in India’ initiative was launched in 2014, and fostering innovation is one of its core objectives.
The ‘Make in India’ initiative aims to encourage companies to manufacture in India. It focuses on attracting foreign investment, simplifying business processes, developing infrastructure, and promoting innovation across 25 key sectors of the economy.