060 - Economic Growth Development

India needs a targeted region-specific action plan in order to achieve an equitable distribution of fruits of prosperity, owing to its geographical diversity and varied levels of development across regions. Elaborate.

India has a wide variety of geographical challenges which are compounded further by the wide spread regional disparities. It has led some to opine that a targeted region-specific action plan is the way forward. Geographical Challenges: The complete North India along the Himalayas is prone to earthquakes. The Western area of India is mostly arid ..

Topics: 

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.

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 the recent economic survey, it has been found that the Investments create growth in an ..

Topics: 

While focusing on the importance of agriculture extension services in India, highlight the challenges faced in implementing it. Discuss the role of National Mission on Agricultural Extension and Technology (NMAET) in this context.

Agriculture extension services refer to information and education, as well as other supporting services to farmers, to help enhance agricultural productivity and efficiency, e.g. M-Kisan (mobile based information). Importance of extension services: Availability of correct information to help make informed decisions on crops, such as m-Kisan provides information about climate vagaries. Information about new technologies ..

Topics: 

The need of the hour is to do away with traditional accounting methods like GDP calculation and move towards more comprehensive methods that accounts for Natural Capital and Ecosystem Services as well to establish link between economy and environment. In this context, discuss the initiatives taken by India.

Natural capital and Ecosystem services (NC&EC) refers to value stored in land, water, forest, and other natural resources, e.g. Forest – provisioning food, shelter, disaster resilience, etc. Accounting for natural capital and ecosystem services is crucial for realizing their importance, as well as understanding the economic link of environment with economy: Accounting in GDP – ..

Topics: 

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.

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 the potential of public infrastructure lying idle, e.g. less-used airports, roads, etc. Financing our massive ..

Topics: 

How land banks can encourage land use efficiency and create economic growth? Discuss in light of increasing prominence of land banks in India. Also, examine the concerns associated with it.

Land banks refer to ready-to-use land parcels with pre-clearances & regulatory approvals. DIPAM (Department of Investment and Public Asset Management) recently finalized proposals for a land bank company to streamline land bank use. Benefits of Land Banks: Better land use efficiency: Unused government land can be brought to use. 50% of land in SEZs is ..

Topics: