Read the following Case Study, answer the question. Government of India has taken several measures to make the economy Robust and to improve Business Environment. Production linked incentive (PLI) scheme has been launched as result of which manufacturing is picking up. India has become second largest manufacturer of mobile phones in the world. Indian economy has become fifth largest economy in the world surpassing UK. India has become a large defense equipment and arms manufacturer and is also an exporter of arms. The ease of doing business has also improved. According to IMF and World Bank, India is one bright spot in a world hit by declining economies and business sentiment in era of pandemic. India successfully carried out largest Covid vaccination programme globally and also gave vaccine to other countries. |
Select the dimension of Business Environment to which production linked incentive is related to........ |
Social Legal Technological Economic |
Economic |
The correct answer is Option (4) → Economic. The Production Linked Incentive (PLI) scheme is aimed at boosting the manufacturing sector and improving the overall economic environment by providing financial incentives to companies. This directly impacts the economic dimension of the business environment by encouraging investments in domestic production and contributing to economic growth. |