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 is the term for the ability of an economy to produce more output from the same inputs?

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What does the term “elasticity of demand” measure?

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

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

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What is the Phillips Curve?

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Which of the following is considered a public good?

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What is the main aim of Public Distribution System (PDS) in India?

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Which of the following is an example of a capital receipt for the government?

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What is the primary purpose of Special Economic Zones (SEZs)?

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What does “inclusive banking” mean?

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