Question: Consider the following statement and choose the correct statement in relation to India Idea summit:
(1) This summit was organised by the US-India Business Council (USIBC).
(2) The theme for the summit was “Building a better future”.
(3) USIBC also completed 50 years of its formation.
(4) US Secretary of state Mike Pompeo participated in the summit.
Correct option:
(a)1, 2 and 3
(b)1, 2 and 4
(c)2, 3 and 4
(d)All of the above
Answer: (b)
Related facts:
- Prime Minister Narendra Modi delivered the keynote address at the India Ideas Summit organised on July 22, 2020.
- The Summit was hosted by the US-India Business Council (USIBC).
- Major highlights of the summit:
- The theme for this year’s Summit is ‘Building a Better Future’.
- This year marks 45th year of the formation of USIBC.
- US Secretary of state Mike Pompeo participated in the summit from US.
- India offers a perfect combination of openness, opportunities and options in the coming time offering a perfect combination of openness, opportunities and options. Various measures were undertaken to make indian economy more open and reform oriented which have ensured competitiveness, transparency and more policy stability.
- India has about half a billion active internet users in the country having opportunities in the frontier technologies of 5G, Big Data analytics, and Internet of Things.
- The healthcare sector in India is growing faster than 22% every year making it one of the best sector to invest.
- India has raised the FDI cap for investment in defence sector to 74%, two defence corridors have been established to encourage production of defense equipments.
- India and US are working together including the quad and the World Intellectual Property organisation elections earlier this year.
Author: Himanshu Shukla
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