Page-16 of GS-III: Economic Growth Development

The measurement of growth using the concept of GDP is one of the key factors that contribute to reduce poverty and uplift the living standard of the people. Discuss the rationale of Inclusive Growth in this context.

Undoubtedly, as evidence and experience prove, economic growth is one of the key factors that contribute to reduce poverty and uplift the living standard of the people in developing countries. However, growth by itself is not sufficient to achieve these ..

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The nature of economic growth in India in recent times is often described as jobless growth. Do you agree with this view? Give arguments in favor of your answer. [UPSC, 2015]

Yes, India’s economic growth has been jobless growth in recent times mainly due to the negative / almost zero employment elasticity. Most economic sectors in India have employment elasticity close to zero except few such as construction. During 2004-14, India ..

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With appropriate figures, discuss the significance of household sector in Indian economy.

The household sector which is comprised of all non-government, non-corporate enterprises viz. farm and non-farm businesses, sole proprietorships,  charitable trusts, religious organisations and educational institutions,  is the largest sector in the Indian economy as it stood at 43.6% of GVA ..

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Make a critical assessment of the economic situation in current times in India. What short term and long term measures would you suggest to address the situation? Discuss.

The nature of the economy of India is still a developing market economy. It has become the world’s 5th largest economy (nominal GDP) by overtaking the United Kingdom and France and the 3rd largest by PPP (purchasing power parity). The ..

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Can the economic growth due to credit based consumption without the increase in investment be sustainable? Discuss keeping India in focus.

Consumption led growth is when the consumption increases, which leads to higher demand in the economy while Investment led growth is when private investment is increased, it leads to capacity expansion in the economy and hence output is increased. Economic ..

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What is market cap-to-GDP ratio? What does it indicate? Discuss with focus on India's market cap-to-GDP ratio.

The market cap-to-GDP ratio is primarily used to determine if the market as a whole is over or undervalued. It basically represents the percentage of GDP which represents the value of the stock market. A figure over 100% signifies the ..

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