GS-III: Inclusive Growth and Issues Arising From It
Comment on the situation of the informal sector in India. What are the challenges faced by them? Enumerate the government’s initiatives to benefit this sector.
The informal economy is a widespread and worldwide phenomena. The informal sector employs over 60% of the world’s population, according to the International Labor Organization. Informal sector in India: Despite being more common in emerging and developing nations, this ..
Topics: GS-II: Mechanisms Laws for Protection of Vulnerable Sections • GS-III: Economic Growth Development • GS-III: Inclusive Growth and Issues Arising From It • GS-III: Indian Economy Issues Relating to Planning
With a workforce of 70% and a population of 2/3 living in rural regions, India is mostly a rural nation. The rural sector accounts for 46% of total national revenue. Therefore, it is clear that a focus on rural ..
A well-developed food processing industry will not only help in achieving the food security goal, but will also promote inclusive growth. Discuss. Also, highlight the competitive advantage that India posses in this sector.
Food processing industry provides a significant possibility to achieve the twin goals of inclusive growth and food security. Significance: Enables crop diversification and improved revenue for farmers. Increases shelf life of food items. Prevents wastage and distress selling by farmers. ..
Economic empowerment alone cannot provide social security; social empowerment is needed along with it. Discuss in the context of India.
Directive Principles of State Policy in India talk about social security, which is hampered due to various issues that vulnerable sections face. Social security means: Income security Maintain productivity Reduce distress Help people take advantage of financial markets. Formalisation of ..
The digital financial inclusion in India has seen an exponential growth in past few years. Identify the factors responsible for it and steps taken by the government in this regard. Also, discuss the challenges that remain.
India has seen a revolution in the form of digitalization of financial transactions with such a sharp increase in this sector, being equal to what was envisaged to happen in decades. Factors facilitating digital financial inclusion: Penetration of mobile phones ..
It has been argued by some that increased penetration of technology and industrialization has led to increase in inequality in India, however the reasons for the same lie somewhere else. Critically analyze.
India has been lagging in various inequality indices (like Gender Inequality Index, Inequality Adjusted Human Development Index, increasing GINI’s coefficient) and failing to provide growth for all. Some argue this as a consequence of technology and industrialization. Their argument is: ..