Question
Download Solution PDFWhat does P stands for in the term DPIIT?
This question was previously asked in
MP Police Constable 2023 Official Paper (Held On: 01 Sept, 2023 Shift 1)
Answer (Detailed Solution Below)
Option 3 : Promotion
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MP Police Constable Full Test 10
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Detailed Solution
Download Solution PDFThe correct answer is Promotion.
Key Points
- DPIIT stands for the Department for Promotion of Industry and Internal Trade.
- The term "Promotion" in DPIIT refers to the role of the department in promoting industrial growth, trade, and investment in India.
- DPIIT operates under the Ministry of Commerce and Industry, Government of India, and was renamed from the Department of Industrial Policy & Promotion (DIPP) in January 2019.
- The department is responsible for framing policies to enhance foreign direct investment (FDI), ease of doing business, and industrial development across sectors.
- DPIIT also plays a critical role in promoting the "Make in India" initiative to boost manufacturing and attract global investments.
Additional Information
- Make in India Initiative
- Launched by PM Narendra Modi in 2014, this initiative aims to transform India into a global manufacturing hub.
- It focuses on 25 sectors, including automobiles, textiles, IT, pharmaceuticals, and electronics.
- The program emphasizes improving ease of doing business and attracting foreign investments.
- Ease of Doing Business Rankings
- DPIIT oversees India's performance in the World Bank’s Ease of Doing Business Index.
- India improved its rank from 142 in 2014 to 63 in 2019 due to reforms initiated by DPIIT.
- Startup India Initiative
- DPIIT launched this initiative in 2016 to foster innovation and entrepreneurship.
- Startups registered under DPIIT enjoy benefits such as tax exemptions, funding support, and simplified compliance.
- Foreign Direct Investment (FDI) Policy
- DPIIT regulates FDI policies to attract global investments and improve India's industrial landscape.
- In recent years, India has witnessed significant growth in FDI inflows, particularly in sectors like automobiles, electronics, and retail.
Last updated on Mar 12, 2025
-> The MP Police Constable 2023 Final Merit List has been out on 12th March 2025.
-> MP Police Constable 2025 Notification will soon be released on the official website.
-> The The Madhya Pradesh Professional Examination Board (MPPEB) will announce more than 7500 Vacancies for the post of constable.
-> Previously, the notification had invited eligible candidates to apply for 7,090 constable posts.
-> Candidates who have passed 10th or 12th are eligible to apply.
-> The final candidates selected will receive a salary between 19,500 and 62,600 INR.