Indian Economy and Issues-Mobilization of Resources [IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management)]: Questions 1 - 4 of 4

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Question 1

Mobilization of Resources
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Essay▾

What is inverted duty structure (IDS) ? How has IDS affected manufacturing sector in India? Examine. (250 Words)

Explanation

Background:

The globally accepted norm is that customs duty rates on final products are always equal to or higher than the rates on components or raw materials used for the manufacture of the final products. However, in India Inverted duty structure is used prominently.

Inverted Duty Structure:

An IDS means higher duty on intermediate as opposed to fi…

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Question 2

Mobilization of Resources
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Despite being an improvement on the ad hoc and restrictive Fiscal Responsibility and Budget Management framework, the N K Singh Committee report suffers from some shortcomings. Discuss. (250 Words)

Explanation

Introduction:

The FRBM Review Committee headed by former Revenue Secretary, NK Singh was appointed by the government to review the implementation of FRBM. In its report submitted in January 2017, titled, ‘The Committee in its Responsible Growth: A Debt and Fiscal Framework for 21st Century India’ , the Committee suggested that a rule based fiscal po…

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Question 3

Mobilization of Resources
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Examine the impact of demonetisation on employment in India. (250 Words)

Explanation

Introduction:

India underwent an experience of demonetisation by stripping the legal tenders of ₹ 500 and 1000 notes in November 2016.

This has impacted every sector of country and its impact on employment can be gauged from following:

According to CMIE data, the estimated total employment during January-April 2017 was 405 million compared to 406.5 mi…

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Question 4

Mobilization of Resources
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In terms of long-run economic prospects, do you think India will be ahead of China in near future? Substantiate your views emphasising on the role of India՚s democratic and secular credentials. (250 Words)

Explanation

Introduction:

The estimate that India is growing at 7.1 % and China growth has shrink to 7.6 % by IMF and recognition of India as a bright spot in world economy has created many hopes and debates about India overtaking China in near future. It is perceived that the difference between the political systems of two countries play important role in dete…

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