Indian Economy and Issues [IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management)]: Questions 76 - 78 of 78

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Question 76

Indian Economy and Issues
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Essay▾

It is now well recognised that there is an investment slowdown in India, which is delaying a full-blooded recovery in the economy. How does this investment slowdown affect formal and informal sector? What are its policy implications? Examine. (250 Words)

Explanation

Background:

  • Private investments which are the principle engine of growth, are slowing down in India and has offset the government’s macroeconomic stimulus of increased public investments.
  • The slowdown started five years ago and according to Economic Survey 2018 it is the most severe in India’s history.

Investment Slowdown Impact on Formal and Informal

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Question 77

Indian Economy and Issues
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Essay▾

Increasing the household savings rate and nudging savers to park their surpluses in financial assets have always been high on the agenda of Indian Finance Ministers however with little success. Suggest ideas to encourage citizens to park their money in financial assets. (250 Words)

Explanation

Background:

  • In India, both investment and consumption are largely driven by households. Household consumption accounted for 59.4 % of the GDP in 2016, according to the World Bank.
  • Total savings, which are vital for investment, amounted to 32.5 % of the GDP, of which household savings alone contributed 23.6 % to the GDP, according to NITI Aayog.

Why Pe

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Question 78

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Essay▾

Examine the mandate of GST’s National Anti-profiteering Authority and the concerns expressed against its mandate and powers. (150 Words)

Explanation

Introduction:

  • GST’s National Anti-profiteering Authority is set up to ensure that the profit arising out of change in tax structure due to GST is completely passed onto consumer and is not pocketed by the seller.
  • The experiences of some countries that have adopted GST such as Singapore, Malaysia and Australia suggests that they had witnessed a spurt

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