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Why is the government providing tax incentives to companies in the manufacturing sector?

1. For better infrastructure.
2. For tax deductions on emoluments paid to new employees.
3. To create new job opportunities and to initiate the project ‘Make in India’.
4. To create new job opportunities and to initiate the project ‘Standup India’.
5. To encourage firms to step up hiring new skilled employees.

Correct answer: To create new job opportunities and to initiate the project ‘Make in India’.

Solution

The passage states that tax incentives are being considered to encourage firms to step up hiring and create jobs under the Make in India initiative. This directly matches the option about job creation and Make in India.

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