Indian Economy and Issues-Growth [IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management)]: Questions 1 - 5 of 13

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Question 1

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Appeared in Year: 2016

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Essay▾

Justify the need for FDI for the development of the Indian economy. Why there is gap between MOUs signed and actual FDIs? Suggest remedial steps to be taken for increasing actual -FDIs in India.

Explanation

Foreign direct investment is an important driver of economic growth which helps in sustaining a high growth rate, increasing productivity, a major source of non-debt financial resources, and employment generation.

  • The government has taken various reforms to liberalizing and simplifying the FDI policy to provide ease of doing business climate in the …

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Question 2

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Normally countries shift from agriculture to industry and then later to services but India shifted directly from agricultural to services what are the reasons for the huge growth of services vis-a-vis industry in the country can India become a developed country without a strong industrial base?

Explanation

By the time of India became an independent many of the Western economics have already got success in industrialisation leading to accelerated growth and development.

  • But at the time India has many challenges like poverty, shortage of food grains, healthcare etc. ,
  • And the other areas of attention included industry infrastructure science and Technolog…

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Question 3

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Appeared in Year: 2016

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In what way could replacement of price subsidy with Direct Benefit Transfer (DBT) change the scenario of subsidies in India? Discuss.

Explanation

Farm subsidy form an integral part of the government՚s budget.

  • There are farm subsidies which are provided in the form of Cheaper credit facilities farm loan waivers
  • Reduction in irrigation and electricity bills, fertilizers, seeds and pesticides subsidy the investments in agricultural research environmental assistance, farmer training etc. ,
  • These su…

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Question 4

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Appeared in Year: 2017

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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?

Explanation

Savings rate that refers to the percentage of gross domestic product (GDP) savings by households in a country. Savings rate is the most important determinant of growth and economic activity.

  • Rise in the savings ratio can have a significant impact on economic activity.
  • Part from savings rate there are other equally important determinants of growth as …

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Question 5

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Scientific research in Indian universities is declining, because a career in science is not as attractive as a business professions, engineering or administration and the universities are becoming consumer-oriented. Critically comment.

Explanation

Science is the engine of growth of a country but in India, scientific research is not satisfactory.

  • India spends only of its GDP on research and development but China spends by .
  • There are 600 universities in the country but the research in these universities are not up to the mark.
  • The main reason for declaration scientific research is the career in…

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