ClearMains
Union Minister of Commerce and Industry Shri Piyush Goyal emphasized that innovation, deep technologies, skilled manpower, startups, MSMEs, and an enabling policy environment are key pillars for India's future growth. He highlighted several Government initiatives aimed at promoting research and innovation, including the Research, Development and Innovation Fund and the IndiaAI Mission. The Minister also discussed the importance of leveraging India's large domestic market to expand into global markets.
Quick Revision
Prelims-testable facts
Trap alerts
Mains Practice Question
Critically examine the role of Free Trade Agreements in promoting India's economic growth and global trade relations.
250 words
Practice this in the exam hall →Prelims Practice MCQs
Which Union Minister delivered the 22nd J.R.D. Tata Memorial Lecture?
The 22nd J.R.D. Tata Memorial Lecture was delivered by Shri Piyush Goyal, the Union Minister of Commerce and Industry.
Under the IndiaAI Mission, how many GPUs have already been onboarded?
The IndiaAI Mission has onboarded nearly 38,000 GPUs to provide affordable computing capacity to startups and researchers.
Consider the following statements regarding India's Free Trade Agreements (FTAs): 1. Prior to 2014, India's FTAs were largely with economies having a combined GDP of around US$50 trillion. 2. The Government has concluded nine Free Trade Agreements (FTAs) covering 38 developed economies with a combined GDP of nearly US$60 trillion. 3. India's FTAs have been exclusively with developing countries since 2014. How many of the above statements are correct?
Statement-1 is incorrect because the fact list states that prior to 2014, India's FTAs were largely with economies having a combined GDP of around US$10 trillion. Statement-2 is correct as per fact #3. Statement-3 is incorrect because it contradicts fact #4.
Consider the following two statements: Statement-I: The Government has concluded nine Free Trade Agreements (FTAs) covering 38 developed economies with a combined GDP of nearly US$60 trillion. Statement-II: This expansion of FTAs is due to the efforts of Shri Piyush Goyal, the Union Minister of Commerce and Industry, who has been instrumental in negotiating these agreements. Which one of the following is correct in respect of the above statements?
Statement-1 is correct as per fact #3. Statement-2 is incorrect because it makes an unsubstantiated claim about Shri Piyush Goyal's role in negotiating the FTAs.