BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Government of India launched “Make in India” initiative in September, 2014 to increase foreign direct investment (FDI) in 25 sectors. As of April, 2015, FDI now in India increased by 48% since the launch of “Make in India” initiative. Identify the concept being described in the above lines, with regard to inflow of FDI.
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Demonetization
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Privatization
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Liberalization
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Globalization
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Explanation:
Detailed explanation-1: -’Make in India’ initiative has signicant achievements and presently focuses on 27 sectors under Make in India 2.0.
Detailed explanation-2: -The Government of India increased FDI in the defence sector by increasing it to 74% through the automatic route and 100% through the government route. The government has amended rules of the Foreign Exchange Management Act (FEMA), allowing up to 20% FDI in insurance company LIC through the automatic route.
Detailed explanation-3: -Prime Minister Shri Narendra Modi will launch “Make in India” initiative on 25th September 2014 from Vigyan Bhawan in New Delhi.
There is 1 question to complete.