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 is a feature of monopolistic competition?

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

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

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

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

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What is “fiscal stimulus”?

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What is the Phillips Curve?

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What does “Laissez-faire” policy advocate?

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What does the term “national income” refer to?

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Which of the following is a feature of a command economy?

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