rawan239

Among several factors for India’s potential growth, savings rate is the most effective one. Do you agree? What are the other factors available for growth potential?

Points to Remember: India’s economic growth is multi-faceted, not solely dependent on savings rate. Several factors contribute to growth potential, including investment, human capital, technology, infrastructure, and governance. A high savings rate is necessary but not sufficient for sustained growth. Introduction: India’s economic growth has been a subject of intense debate and analysis. While a … Read more

How globalization has led to the reduction of employment in the formal sector of the Indian economy? Is increased in formalization detrimental to the development of the country?

Points to Remember: Globalization’s impact on Indian formal sector employment. The debate surrounding increased formalization and its effect on development. Balancing the benefits of formalization with potential negative consequences. Introduction: Globalization, the increasing interconnectedness of nations through trade, investment, and technology, has profoundly impacted the Indian economy. While it has spurred economic growth in certain … Read more

How are the principles followed by NITI Aayog different from those followed by the erstwhile planning commission in India?

Points to Remember: NITI Aayog’s cooperative federalism vs. Planning Commission’s top-down approach. Shift from command-and-control to collaborative and facilitative role. Focus on achieving sustainable development goals (SDGs) and inclusive growth. Emphasis on data-driven decision-making and evidence-based policy formulation. Enhanced role of states and other stakeholders in policy formulation and implementation. Introduction: The Planning Commission, established … Read more

Do you agree with the view that steady GDP growth and low inflation have left the Indian economy in good shape? Give reasons in support of your arguments.

Points to Remember: Steady GDP growth signifies economic expansion and increased national income. Low inflation indicates price stability, benefiting consumers and businesses. However, other economic indicators beyond GDP growth and inflation are crucial for assessing overall economic health. Inclusive growth, unemployment levels, income inequality, and external sector vulnerabilities need consideration. Introduction: The assertion that steady … Read more

Enumerate the indirect taxes which have been subsumed in the goods and services tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017.

Points to Remember: Key indirect taxes subsumed under GST in India. Revenue implications (both positive and negative) of GST since its implementation. Impact on different sectors and states. Government’s efforts to address revenue challenges. Introduction: The Goods and Services Tax (GST), implemented in India on July 1, 2017, was a landmark tax reform aimed at … Read more

Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017.How has COVID-19 impacted the GST compensation fund and created new federal tensions?

Points to Remember: Rationale behind the GST Compensation Act, 2017. Mechanism of compensation to states. Impact of COVID-19 on GST compensation. New federal tensions arising from the pandemic. Suggestions for future GST compensation mechanisms. Introduction: The Goods and Services Tax (GST) Compensation to States Act, 2017, was enacted to address the concerns of states regarding … Read more

Distinguish between ‘care economy’ and ‘monetized economy’. How can care economy be brought into monetized economy through women empowerment?

Points to Remember: Definition and scope of care economy and monetized economy. Key differences between the two economies. The role of women in the care economy. Strategies for integrating the care economy into the monetized economy through women’s empowerment. Challenges and potential solutions. Introduction: The global economy is traditionally understood through the lens of the … Read more

Economic growth in the recent past has been led by increase in labour activity.” Explain this statement. Suggest the growth pattern that will lead to creation of more jobs without compromising labour productivity.

Points to Remember: Labor’s contribution to recent economic growth. Relationship between economic growth and job creation. Growth patterns that prioritize job creation without sacrificing productivity. Policy recommendations for sustainable job growth. Introduction: The statement “Economic growth in the recent past has been led by an increase in labor activity” suggests that a significant portion of … Read more

Do you agree that Indian economy has recently experienced V–shaped recovery? Give reasons in support of their answer.

Points to Remember: Definition of V-shaped recovery. Indicators of economic performance (GDP growth, industrial production, consumption, investment). Recent economic data for India. Factors contributing to the recovery (government policies, global factors). Limitations and challenges remaining. Introduction: A V-shaped recovery refers to a sharp economic decline followed by a rapid and strong rebound. It’s characterized by … Read more

Explain the difference between computing methodology of India’s Gross Domestic Product (GDP) before the year 2015 and after the year 2015.

Points to Remember: Pre-2015 GDP Calculation: Based on the factor cost method, with limitations in data collection and coverage. Post-2015 GDP Calculation: Shifted to the market price method, incorporating a wider range of economic activities and improved data collection techniques. Key Changes: Methodology shift, base year revision, and improved data collection. Impact: Significant increase in … Read more