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    Question

    Which of the following is a key objective of India's New

    Industrial Policy 2019-2024?
    A Reducing import duties on consumer goods Correct Answer Incorrect Answer
    B Promoting environmentally sustainable industrial practices Correct Answer Incorrect Answer
    C Increasing the number of state-owned enterprises Correct Answer Incorrect Answer
    D Reducing the workforce in labor-intensive industries Correct Answer Incorrect Answer

    Solution

    The Industrial Policy of India 2019-2024 aims to foster industrial development and economic growth by focusing on various strategic areas. Here is an overview of the key highlights and objectives of the policy : Key Objectives: 1.      Employment Generation: Creating job opportunities through the promotion of labor-intensive industries. 2.      Ease of Doing Business: Simplifying regulatory frameworks and procedures to attract domestic and foreign investments. 3.      Technological Advancement: Encouraging the adoption of advanced technologies and innovation in manufacturing processes. 4.      Sustainable Development: Promoting environmentally sustainable industrial practices. Enhancing Competitiveness: Improving the competitiveness of Indian industries in the global market.  

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