Comprehensive Practice Set - Economy: growth-and-employment

Examine the view that financial inclusion is an integral part of social and economic inclusion in a country like India. Also throw light on the usefulness of the R.B.I.'s Financial Inclusion Index.

How are startups in India promoting entrepreneurship, innovation and employment? Discuss the global and domestic challenges in their working and suggest suitable measures to overcome these challenges.

Distinguish between the Human Development Index (HDI) and the Inequality‑adjusted Human Development Index (IHDI) with special reference to India. Why is the IHDI considered a better indicator of inclusive growth?

What are the challenges before the Indian economy when the world is moving away from free trade and multilateralism to protectionism and bilateralism? How can these challenges be met?

What do you mean by 'Dutch disease'? How do the authors use this concept to explain the Indian economy in their book *A Sixth of Humanity*?

Examine the pattern and trend of public expenditure on social services in the post‑reforms period in India. To what extent this has been in consonance with achieving the objective of inclusive growth?

What are the causes of persistent high food inflation in India? Comment on the effectiveness of the monetary policy of the RBI to control this type of inflation.

Discuss the merits and demerits of the four 'Labour Codes' in the context of labour market reforms in India. What has been the progress so far in this regard?

Faster economic growth requires increased share of the manufacturing sector in GDP, particularly of MSMEs. Comment on the present policies of the Government in this regard.

Most of the unemployment in India is structural in nature. Examine the methodology adopted to compute unemployment in the country and suggest improvements.

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

What is the status of digitalization in the Indian economy? Examine the problems faced in this regard and suggest improvements.

India can realize its potential GDP only if the bottlenecks in the path can be overcome. Comment.

The structural change in Indian economy is a case of the `missing middle'. Do you think that this kind of structural change can help the economy in becoming a developed one?

Growth process in India has exacerbated rather than bridging the existing inequalities. Give your views with justifications.

What is financial inclusion? Why is it important in the context of the goal of inclusive development? Name some policies that have been put in place to achieve financial inclusion in India.

Is inclusive growth possible under market economy? State the significance of financial inclusion in achieving economic growth in India.

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

Explain the difference between computing methodology of India's gross domestic product (GDP) before the year 2015 and after the year 2015.

Do you agree that the Indian economy has recently experienced a V‑shaped recovery? Give reasons in support of your answer.

What are the salient features of the National Food Security Act, 2013? How has the Food Security Bill helped in eliminating hunger and malnutrition in India?

Explain intra‑generational and inter‑generational issues of equity from the perspective of inclusive growth and sustainable development.

Define potential GDP and explain its determinants. What are the factors that have been inhibiting India from realizing its potential GDP?

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.

It is argued that the strategy of inclusive growth is intended to meet the objectives of inclusiveness and sustainability together. Comment on this statement.

How are the principles followed by the NITI Aayog different from those followed by the erstwhile Planning Commission in India?

In India education has not been able to provide employment to the young masses.

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?

Account for the failure of manufacturing sector in achieving the goal of labour‑intensive exports rather than capital‑intensive exports. Suggest measures for more labour‑intensive rather than capital‑intensive exports.

What are the salient features of 'inclusive growth'? Has India been experiencing such a growth process? Analyze and suggest measures for inclusive growth.

Discuss the major ongoing programmes for employment generation in rural areas of India.

Mention the major industrial policies adopted in India since independence.

Pradhan Mantri Jan‑Dhan Yojana (PMJDY) is necessary for bringing unbanked to the institutional finance fold. Do you agree with this for financial inclusion of the poorer section of the Indian society? Give arguments to justify your opinion.

Comment on the challenges for inclusive growth which include careless and useless manpower in the Indian context. Suggest measures to be taken for facing these challenges.

The nature of economic growth in India in described as jobless growth. Do you agree with this view? Give arguments in favour of your answer.

Craze for gold in Indians have led to a surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of Gold Monetization Scheme.

"Success of 'Make in India' programme depends on the success of 'Skill India' programme and radical labour reforms." Discuss with logical arguments.

Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages shortsightedness and contributes to wide disparities between the rich and the poor. In this light, would it be correct to believe and adopt capitalism driving inclusive growth in India? Discuss.

While we found India's demographic dividend, we ignore the dropping rates of employability. What are we missing while doing so? Where will the jobs that India desperately needs come from? Explain.

With a consideration towards the strategy of inclusive growth, the new companies bill, 2013 has indirectly made CSR a mandatory obligation. Discuss the challenges expected in its implementation in right earnest. Also discuss other provisions in the bill and their implications.

The recent UNDP's Multidimensional Poverty Index (MPI) 2023 highlights India's extraordinary achievement in poverty reduction. Evaluate the factors that have contributed to this success and consider the challenges that remain.

Discuss the multifaceted factors influencing resource mobilisation in India, and propose measures to enhance the efficiency and efficacy of resource mobilisation mechanisms.

How did Nehruvian socialism shaped the trajectory of India's planned economic development post-independence?

Evaluate the role of resource mobilization in achieving inclusive and resilient economic growth in India.

Evaluate the effectiveness of the Planning Commission in achieving inclusive growth and sustainable development in India. Also elucidate the potential of NITI Aayog to carry forward this journey in an effective manner?

Discuss the significance and challenges of mobilizing resources for sustainable development in India. Suggest measures and policy interventions that can enhance resource mobilization while ensuring equitable growth and environmental preservation.

How the 4I's - Infrastructure, Investment, Innovation, and Inclusiveness can be pivotal in transforming India into a developed nation by 2047. Highlight the government initiatives that are steering this transformation.

Recently NITI Aayog suggested the distribution of food grains should be under the PDS system. Analyse the suggestion for optimized utilization and distribution of food grains.

Discuss the objectives of the Periodic Labour Force Survey (PLFS) and explain the various methodologies used for measuring unemployment by the Periodic Labour Force Survey (PLFS) in India.

PM Vishwakarma Yojana will push people on the path of self-reliance, and create better employment opportunities for the youth. Critically Discuss.

Discuss how Integrated rural development is a resolution to the predicament of disguised unemployment and distress migration.

With World Population Prospect prediction of India surpassing China as world's most populous country in 2023, exemplify how excessive economic backwardness and illiteracy itself is a cause behind large population.

Critically assess the role of social entrepreneurship in addressing India's socio-economic problems.

In the era of growing AI tool adoption, do you believe that the increased use of language models like ChatGPT, BARD, etc., poses a threat of job replacement, or do you see it as a catalyst for generating new forms of employment? Justify your stance with reasoned arguments.

Discuss how improvements in education and skill development can enhance India's potential GDP. Considering current challenges, suggest innovative solutions in this regard.

Define potential GDP and its determinants. What are the factors that have been inhibiting India from realizing its potential GDP?

Discuss the impact of technological advancement, human capital and government policies on a country's potential GDP. Provide examples to support your argument.

Enumerate the initiatives undertaken by the government to rectify concerns associated with GDP estimation in India. Propose a strategic approach for ensuring the reliability and transparency of GDP measurement in the future.

Differentiate between Gross Domestic Product (GDP) and Gross National Product (GNP). Also elucidate the rationale behind choosing a particular year as a base year for calculating them.

Discuss the concept of green accounting and how it differs from conventional national accounting methods.

Investigate how the increased household savings impact the potential of the money multiplier to propel India's economic development.

Discuss the role of Reserve Bank of India in terms of Indian economy. How its effectiveness can be raised to new height.

Analyse the impact of the implementation of the Goods and Services Tax (GST) on the economic growth of the nation.

Explain the evolving patterns of tax compliance within India's economic framework. Also suggest various tax reforms to broaden the tax base in India.

Elucidate the challenges encountered by RRBs in balancing their twin goals of ensuring financial sustainability while promoting social development. Propose strategies to effectively navigate these challenges.

Critically analyze the benefits and challenges of setting up a bad bank to address the issue of stressed assets in the Indian Banking System.

Explain the concept of "user participation" and its role in allocating digital tax revenues to different jurisdictions.

Elaborate on the notion of the "equalization levy" and how it addresses taxation challenges posed by digital advertising.

The implementation of Goods and Services Tax (GST) in India has brought about profound changes in the economic landscape. How can this transformative tax system be harnessed to effectively reduce the carbon footprint of goods and services?

Critically evaluate the significance of gender budgeting for women empowerment in India.

Discuss the status and multifaceted concerns posed by off-budget borrowings in India. Propose strategy for managing such liabilities ensuring sound fiscal management.

Examine how the 'Saptrishi' priorities, outlined in the Indian budget 2023, align with India's vision of Amrit Kaal. Also elucidate the ways in which it can address the multifaceted challenges of the nation's socio-economic landscape.

Discuss the potential aspects offered by QFIs (Qualified Foreign Investors) to address capital gaps in sectors critical for India's economic development. Suggest the strategies that can be employed to attract a more diverse range of QFIs to contribute to India's economic growth.

In context of World Investment Report, 2022, examine the significance of India emerging as a 'FDI powerhouse' in its dream of realising $ 5 Trillion economy.