Economy Day 24: September 24, 2025 💰

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Tomorrow, we launch Economy by Mrunal with Pillar 4B: Sectors of Economy – MFG, Startup-IPR, Make in India, EoD, MSME-Textile (📖 pp. 712–741).

🎯 Targets to Complete

Pillar 4B: Sectors of Economy – MFG, Startup-IPR, Make in India 🏭

  • MFG & Services: Industrial Policy & LPG Reforms 📜 – Explore Liberalisation, Privatisation, Globalisation’s impact on manufacturing.
  • LPG 🌐 – Understand the 1991 reforms driving economic liberalisation.
  • Beyond LPG: Towards 4th Industrial Revolution ⚙️ – Study automation, AI, and Industry 4.0 trends.
  • Circular Economy Mfg Policy 🌀 – Learn about sustainable manufacturing practices.
  • National Manufacturing Policy 2011 🏛 – Examine policies to boost manufacturing’s GDP share.
  • Make in India 1 and 2.0 🚀 – Dive into initiatives to promote manufacturing and investment.
  • Startup India 🌱 – Explore schemes supporting startups and entrepreneurship.
  • National Policy on Electronics 2019 📱 – Understand goals for electronics manufacturing growth.
  • Startup Criticism/Challenges 🚨 – Analyze hurdles like funding and regulatory issues.
  • IPR – Copyright-Related Bodies 📝 – Study bodies overseeing copyright protection in India.
  • IPR – Patents 🛡 – Learn about patent laws and their role in innovation.
  • Compulsory Licensing 💊 – Understand provisions for affordable access to patented products.
  • Evergreening of Patents 🔄 – Examine tactics to extend patent life and their controversies.
  • National IPR Policy 2016 📑 – Explore India’s framework for intellectual property rights.
  • IPR – Notable Schemes 🌟 – Study initiatives promoting IPR awareness and protection.
  • Global Innovation Index 📈 – Analyze India’s ranking in global innovation metrics.
  • Global Competitiveness Index by WEF 🌍 – Understand India’s position in WEF’s competitiveness rankings.
  • Ease of Doing Business Report 📊 – Review India’s progress in World Bank’s EoDB index.


Economy Day 24 Quiz

1 / 11

(UPSC Prelims 2017)
Consider the following statements:

  1. According to the Indian Patents Act, a biological process to create a seed can be patented in India.

  2. In India, there is no Intellectual Property Appellate Board.

  3. Plant varieties are not eligible to be patented in India.

Which of the statements given above is/are correct?

2 / 11

(UPSC Prelims 2020)
The ease of doing business index is prepared by:

3 / 11

(UPSC Prelims 2017)
With reference to the ‘National Intellectual Property Rights Policy’, consider the following statements:

  1. It reiterates India’s commitment to the Doha Development Agenda and the TRIPS Agreement.

  2. Department of Industrial Policy and Promotion (DIPP) is the nodal agency for regulating IPRs in India.

Which of the statements given above is/are correct?

4 / 11

(UPSC Prelims 2020)
The Global Innovation Index is released by:

5 / 11

Evergreening of Patents
With regard to “evergreening” in patent law, which of the following statements is/are correct?

  1. Evergreening refers to obtaining multiple patents for the same product by making minor modifications to extend patent protection.

  2. The Indian Patents Act abolishes evergreening completely by disallowing patents for incremental inventions.

  3. Evergreening is criticized because it delays entry of generics in pharmaceuticals.

6 / 11

Patent Law
Which among the following is NOT a provision under Indian Patents Act?

7 / 11

Circular Economy in Manufacturing
“Circular Economy” in manufacturing implies which of the following?

  1. Minimizing waste via recycling.

  2. Designing products for easy disassembly.

  3. Using only renewable energy.

8 / 11

Compulsory Licensing
Which statements are correct about Compulsory Licensing in India?

  1. Invoked if patent not worked in India.

  2. Granted only to Indian companies.

  3. Can be issued if prices are unaffordable.

9 / 11

LPG Reforms 1991
Which are correct?

  1. Removed industrial licensing for most industries.

  2. Reduced public sector role via disinvestment.

  3. Introduced full capital account convertibility.

10 / 11

Startup Challenges
Which of the following are common startup issues in India?

  1. Lack of early-stage funding.

  2. Dependence on foreign investors.

  3. Compliance burdens.

  4. Weak IP protection.

11 / 11

Which are features of the “Fourth Industrial Revolution”?

  1. Cyber-physical systems.

  2. AI, IoT, big data in production.

  3. Complete replacement of human labour.

Your score is

The average score is 59%

0%

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