The Indian government introduced a new economic plan called “Make in India” in 2015. The plan has reduced the restrictions on foreign companies making products in India. How will this plan affect the economy of the country? A.
Domestic businesses will face more competition, resulting in a poor growth in the economy.
B.
Foreign companies will increase investments in India, resulting in the strengthening of the economy.
C.
The government would have to lower taxes, resulting in a loss of revenue and a weakening of the economy.
D.
Foreign governments are likely to increase taxes on Indian exports, resulting in poor economic growth.