Q.Objectives of National Manufacturing Policy.

The National Manufacturing Policy aims to make manufacturing a leading sector by raising its GDP share to about 25%, creating around 100 million jobs, developing skills, deepening technology and domestic value addition, ensuring environmentally sustainable growth, enhancing global competitiveness and setting up National Investment and Manufacturing Zones.

This 5-mark industrial-sector question in the AP Intermediate 2nd-year Economics course asks for the objectives of this policy.

Objectives of the National Manufacturing Policy

1. Increase the share of manufacturing in GDP to around 25% within a target period, so that industry contributes more to national income.

2. Create large-scale employment — about 100 million additional jobs — to absorb the growing workforce.

3. Develop skills of the workforce so that youth are employable in modern manufacturing.

4. Increase domestic value addition and technological depth in Indian manufacturing, reducing dependence on imports.

5. Enhance global competitiveness of Indian industry in quality and cost.

6. Ensure environmental sustainability of industrial growth through clean technology.

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