GS-II: Development Processes and Development Industry in India

The contribution of the manufacturing sector, as a percentage of the GDP, has remained stagnant in recent years. In this context, analyse the achievements of National Manufacturing Policy, 2011 with regards to its intended objectives.

September 9, 2023

The contribution of the manufacturing sector to GDP is currently at around 16%. It has remained stagnant for the following reasons: Lack of market demand owing to higher inflation in necessary goods. Global economic slowdown – affects export demand. Lack ..

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In the light of increasing trend of disinvestment in India, discuss its merits and demerits.

August 24, 2023

The government of India is setting the targets for disinvestments in the annual budgets for the past few years. Disinvestment is the process of selling government stakes/ shares in an entity. It is different from privatization, which is sale of ..

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Government often cites lack of funds for development projects but there are common instances where funds lie unutilised in several departments. Explain the reasons behind this.

August 23, 2023

Lack of financial resources and necessary infrastructure remains one of the dominant challenges in implementation of any government scheme. Prominent examples: 73rd and 74th constitutional – local bodies have paucity of funds as well as functionaries. Gram Nyayalayas – not ..

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To achieve the goal of $5 trillion economy, it is imperative to put primary focus on private investments. Discuss. Also, highlight the steps taken by government to boost private investments.

August 2, 2023

The GDP of any country is dependent on four engines of growth, viz, consumption, government expenditure, private investment, and trade. As per classical economics theories, the savings in an economy turns into investment which turns into growth. But as per ..

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Asset monetization is imperative to achieve the goal of $5 trillion economy and fund India’s massive infrastructure needs. In the light of above statement, critically discuss the need of national monetization pipeline. Also discuss the issues that need to be addressed for its success.

July 28, 2023

Government of India has announced National monetization pipeline for asset monetization. Asset monetization refers to deriving value from public assets through means such as leasing (TOT model), selling dysfunctional assets, PPP investments, etc. Need for asset monetization in India: Harnessing ..

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In view of the importance of Blue Economy to New India Vision 2030, delineate the distribution of key ocean minerals that can help India realize its potential.

July 22, 2023

Blue economy refers to the economic value & potential associated with oceans & ocean ecosystem. Importance to New India Vision 2030: Sustainable livelihood opportunities. E.g., Fishermen, Sea farers, etc. Sustainable tourism – Boost India’s soft power & cultural richness. Vast ..

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