Topic Details (Notes format)

Make in India 2.0

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

An evolved push for domestic manufacturing competitiveness, targeting emerging sectors like semiconductors, medical devices, and advanced electronics. Emphasizes building a robust ecosystem—R&D, skilled labor, and stable policy frameworks. Students should explore how production-linked incentive (PLI) schemes aim to attract global supply chains relocating from other nations. Key success hinges on infrastructure improvements and bridging cost disadvantages, ensuring scale and quality for global markets.

Practice Questions

What does the term “national income” refer to?

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Which of the following is a characteristic of “perfect competition”?

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Which of the following measures is most effective in controlling inflation?

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What is the main feature of a free-market economy?

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What is the main aim of the “Startup India” initiative?

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What is meant by “marginal propensity to consume”?

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What is the significance of “Purchasing Power Parity” (PPP)?

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What is the objective of the Goods and Services Tax (GST)?

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What is the primary role of the Securities and Exchange Board of India (SEBI)?

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Which of the following is a direct tax?

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