CLAT Exam  >  CLAT Questions  >  Prime Minister Narendra Modi on Saturday said... Start Learning for Free
Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.
Q. Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?
  • a)
    The launch of ‘Make in India‘ initiative in 2014
  • b)
    The Economic liberalisation in the year 1991
  • c)
    The Amendment in the FDI policy to increase the upper cap from 26% to 49%
  • d)
    All of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Prime Minister Narendra Modi on Saturday said major global firms are l...
Understanding FDI Growth in India
The growth of Foreign Direct Investment (FDI) in India can be traced back to several key historical events, but the most significant stepping stone is the Economic Liberalisation of 1991.
Key Events Influencing FDI:
- Economic Liberalisation in 1991:
- This was a pivotal moment for the Indian economy, marking a shift from a closed, centrally planned economy to a more open and market-oriented one.
- It removed several restrictions on foreign investment, allowing global companies to invest in various sectors, leading to a surge in FDI inflows.
- Launch of 'Make in India' Initiative in 2014:
- Although this initiative aimed at boosting manufacturing and attracting FDI, it built upon the foundation laid by the liberalisation policies of the 1990s.
- It further promoted India as an attractive investment destination but did not initiate the growth trend.
- Amendment in FDI Policy (26% to 49%):
- This amendment facilitated increased foreign investment in certain sectors, yet it was a subsequent step that relied on the earlier liberalisation.
- It allowed foreign entities to have greater control and influence, but again, it was not the original catalyst for FDI growth.
Conclusion:
In conclusion, while all the mentioned initiatives contributed to the overall growth of FDI in India, the Economic Liberalisation of 1991 stands out as the foundational event that opened the doors for foreign investments, making option 'B' the correct answer. This set the stage for subsequent initiatives like 'Make in India' and policy amendments to further enhance investment inflows.
Explore Courses for CLAT exam

Similar CLAT Doubts

Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iativ e) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following is not a goal of the stimulus package announced under the “Atmanirbhar” India?

Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iativ e) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.The Government announced a stimulus package under the Self Reliant India Scheme for the amount of _____________.

Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India initiativ e) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Under the National Infrastructure Pipeline, the Government plans to invest more than Rs. 102 lakh crore on infrastructure projects by 2024-25, with the Centre, States and the private sector to share the capital expenditure. What is the ratio of such expenditure by each of the stake holders?

Top Courses for CLAT

Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.
Here you can find the meaning of Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Prime Minister Narendra Modi on Saturday said major global firms are looking at India as a major investment destination, which is reflected by a robust inflow of Foreign Direct Investment (FDI) last financial year, and through ‘Atmanirbhar Bharat Abhiyan’ (Self-Reliant India init iative) the country is shift ing its focus from ‘Make in India‘ to ‘Make for world‘. He said Independent India should be “vocal for local” and asked citizens to glorify Indian products to promote ‘Atmanirbhar Bharat‘. Unveiling his vision of a Self-Reliant India, the Prime Minister said that the government has unveiled over Rs 110 lakh crore National Infrastructure Pipeline (NIP) to boost the economy and create jobs. “In order to rapidly modernise India, there is a need to give a new direction to overall infrastructure development,” he said, adding that over 7,000 projects under NIP have been already identified. “This will be, in a way, a new revolution in the field of infrastructure. This is the time to end silos in infrastructure. There is a plan to connect the entire country with multimodel connectivity infrastructure,” he said. NIP will play a crucial role in overcoming the adverse impact of Covid-19 on the economy and catapult the economy in a higher growth trajectory, he said. The government on December 31 last year unveiled the NIP with an aim to make India a $5 trillion economy by 2024-25. The focus of the infrastructure pipeline is to accelerate growth and create employment in both urban and rural areas.Q.Which of the following events can be seen as the stepping stone for the growth of the Foreign Direct Investment (FDI) in India?a)The launch of ‘Make in India‘ initiative in 2014b)The Economic liberalisation in the year 1991c)The Amendment in the FDI policy to increase the upper cap from 26% to 49%d)All of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.
Explore Courses for CLAT exam

Top Courses for CLAT

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev