Economics · Industrial Policies
Which of the following statements most accurately captures the deep conceptual distinction between the 'Make in India' initiative and the earlier, more generalized policy push for 'Industrialization' in the 1990s and 2000s in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1'Make in India' emphasizes building an integrated global supply chain and ensuring Ease of Doing Business for both domestic and foreign investors, moving away from a purely domestic-focused industrial policy.✓
- 2'Make in India' is fundamentally about attracting Foreign Direct Investment (FDI) for domestic production, while earlier policies only focused on leveraging domestic savings and technology.
- 3'Make in India' strategically focuses on 25 specific sectors and aims to increase the share of manufacturing in GDP to 25%, whereas earlier policies were general, sector-agnostic incentives.
- 4'Make in India' focused primarily on boosting exports in all manufacturing sectors, while earlier policies emphasized Import Substitution and protectionism.
Correct answer
'Make in India' emphasizes building an integrated global supply chain and ensuring Ease of Doing Business for both domestic and foreign investors, moving away from a purely domestic-focused industrial policy.
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