Page-17 of GS-III: Economic Growth Development
What are the main shortcomings of using GDP as a measure of economic growth? Discuss while suggesting alternative measures for the same.
GDP is the annual value of goods and services produced. It is felt that GDP as a measure of economic growth has several shortcomings. For one, GDP does not measure the indicators that are ends like health, education, quality of ..
Topics: GS-III: Economic Growth Development
Why it is argued that development model should be demand-driven? Discuss.
At the launch of Sansad Adarsh Gram Yojana, our Prime Minister had stated that Development Models need to be changed from being supply driven to demand driven. There are some reasons as to why a demand driven approach must be ..
Topics: GS-III: Economic Growth Development
In India, the capital market reforms have been much easier in comparison to banking or insurance. Justify the statement giving appropriate reasons.
There is a definite positive outlook of the capital market. The reasons which justify it are- Establishment of SEBI- SEBI which got a legal status in 1992 is doing a wonderful job of regulating the merchant banks, controlling the operations ..
Topics: GS-III: Economic Growth Development
What special policy measures you would suggest for full financial inclusion of the disabled? Discuss keeping in focus the problems faced by persons with disabilities in the aftermath of demonetization.
The problems faced by persons with disabilities in the aftermath of demonetization are- Long queues outside ATMs and banks. Despite the RBI guidelines for banks to be well equipped with ramps and wheel-chairs, they still do not possess them and ..
Topics: GS-III: Economic Growth Development
It is very rare that in recent times, India's Nominal GDP is lower than Real GDP. While throwing light on reasons of the same, discuss how it affects producers, consumers and economy as a whole.
It was for the first time that in June 2015 Nominal GDP was way lower than Real GDP. This was mainly due to the dichotomy between CPI (Consumer Price Index) and WPI (Wholesale Price Index). The difference between CPI and ..
Topics: GS-III: Economic Growth Development
What is Shetkari Sanghatana? What role has it played in the Indian Economy? Discuss.
Shetkari Sanghatana, also known as farmers’ Organisation, was founded by Sharad Anantrao Joshi. The organisation was for farmers with aim of ‘freedom of access to markets and technology’ and ‘remunerative agricultural prices’. The movement gathered momentum in 1973, following a ..