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

Which of the following statements best defines Gross Domestic Product (GDP)?

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What is “inflation targeting”?

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What is the main function of the Reserve Bank of India (RBI)?

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What does the term “capital account” refer to in the balance of payments?

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What is the meaning of “dumping” in international trade?

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What is meant by “credit rating”?

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What is “fiscal stimulus”?

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Which of the following is NOT a component of Aggregate Demand?

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Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

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Which term refers to an economy that has elements of both capitalism and socialism?

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