New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following reforms was highlighted in the

    Economic Survey 2023-24 as a significant factor improving the manufacturing sector's performance in India?
    A Implementation of the Goods and Services Tax (GST) Correct Answer Incorrect Answer
    B Introduction of the Insolvency and Bankruptcy Code (IBC) Correct Answer Incorrect Answer
    C Liberalization of FDI in retail Correct Answer Incorrect Answer
    D Launch of the Atmanirbhar Bharat initiative Correct Answer Incorrect Answer
    E Digital India program Correct Answer Incorrect Answer

    Solution

    The Economic Survey 2023-24 emphasizes that the implementation of the Goods and Services Tax (GST) has played a crucial role in improving the manufacturing sector's performance by creating a unified market across India, allowing manufacturing at scale, and reducing logistical costs.

    Practice Next

    Relevant for Exams: