Economics · Industrial Policy and Growth Models
In recent policy discussions, the expression 'India as a product nation' has been used in contrast to a purely service-led growth trajectory. Which one of the following best captures that idea?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1India should focus mainly on rapidly commercialising digital services tailored for foreign markets irrespective of domestic industrial capability formation.
- 2India should build globally competitive products and platforms, generate greater value addition, and deepen innovation-led capabilities within the domestic ecosystem.✓
- 3India should pursue export growth primarily through labour-cost advantages in business-process services without major domestic technological deepening.
- 4India should strengthen its position in low-cost service exports while relying on imported technologies for manufacturing efficiency gains.
Correct answer
India should build globally competitive products and platforms, generate greater value addition, and deepen innovation-led capabilities within the domestic ecosystem.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Industrial Policy and Growth Models MCQs →Want more practice questions on Industrial Policy and Growth Models?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Industrial Policy and Growth Models