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 correct combination of general forces of Business Environment from the following.

Political and Social Environment

The correct answer is Option (2) → Political and Social Environment.

The correct combination of general forces of Business Environment in the given case study is Political and Social Environment.

INVESTORS AND CUSTOMERS ARE SPECIFIC FORCES OF BUSINESS ENVIRONMENT.

• Political Environment: The government of India has taken measures such as launching the Production Linked Incentive (PLI) scheme and improving the ease of doing business, which are political decisions aimed at boosting the economy.
• Social Environment: The case study mentions the successful execution of the largest Covid vaccination program, which involves social factors like health, public welfare, and global cooperation, affecting the business environment.

Thus, the political and social environments are key forces driving the changes described in the case study.