Question : The government of India launched 'Make in India' initiative in september, 2014 to increase foreign direct investment (FDI) in 25 sectors. As of April, 2015, FDI inflow in India increased by 48% since the launch of 'Make in India' initiative. Identify the concept being described in the above lines, with regards to inflow of FDI?
Option 1: Demonetisation
Option 2: Privatisation
Option 3: Liberalisation
Option 4: Globalisation
Correct Answer: Liberalisation
Solution :
Liberalisation refers to end of licence, quota and many more restrictions and controls which were put on industries. In the above case, The government of India launched 'Make in India' initiative in september, 2014 to increase foreign direct investment (FDI) in 25 sectors.Liberalisation concept is discussed above.
Hence, option 3 is the correct answer.
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