Question
Which of the following is a key objective of India's New
Industrial Policy 2019-2024?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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