Which of the follwing are objectives of National Manufacturing Policy 1 To enable the manufacturing ...........

Economic Affairs Industrial Policy and Industrial Growth

Which of the follwing are objectives of National Manufacturing Policy?

1. To enable the manufacturing sector to contribute at least 25% of GDP by 2022

2. To create 500 million additional jobs in the manufacturing sector by 2022

3. To create the appropriate skill sets among rural migrants and urban poor for their easy absorption in manufacturing sector

4. To allow more FDI in Manufacturing sector by 2017

Code

All of the above

2 and 3 only

1 and 3 only

2 and 4 only

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Explanation:

Objectives of National Manufacturing Policy

The government of India decided to bring out the National Manufacturing Policy to bring about a quantitative and qualitative change with the following six objectives:

Increase manufacturing sector growth to 12-14% over the medium term to make it the engine of growth for the economy. The 2 to 4 % differential over the medium-term growth rate of the overall economy will enable manufacturing to contribute at least 25% of the National GDP by 2022.
Increase the rate of job creation in manufacturing to create 100 million additional jobs by 2022.
Creation of appropriate skill sets among the rural migrant and urban poor to make growth inclusive.
Increase domestic value addition and technological ‘depth’ in manufacturing.
Enhance global competitiveness of Indian manufacturing through appropriate policy support.
Ensure sustainability of growth, particularly with regard to the environment including energy efficiency, optimal utilization of natural resources and restoration of damaged/ degraded eco-systems