058 - Indian Economy Issues Relating to Planning

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 ..

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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.

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 ..

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In order to make India a manufacturing hub, there is a need to focus on the core areas which are crucial for promoting exports. Discuss in the backdrop of Atmanirbhar Bharat Abhiyan.

After the covid-19 lockdown, Atmanirbhar Bharat Abhiyan was launched by the Prime Minister to make India into a self-reliant superpower. The goal to create 10 crore manufacturing job and 25% of GDP by manufacturing is been given off fillip. Way forward: Regional resource based manufacturing is needed, E.g. Coastal areas – coir, Northeast – Bamboo, ..

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Despite having the potential to become a maritime power house, India cannot utilize its full potential until it integrates the dispersed logistic activities of maritime trade. Comment.

Maritime trade accounts for approximately 90% of India’s trade by volume and 60% of India’s trade by value. Dispersed nature of maritime Logistic is a hindrance to efficient Logistics. Dispersed nature of maritime trade Logistics: High number of clearances and regulatory hurdles. Lack of inter-modal connectivity. Lack of hinterland connectivity. Different regulatory regions for major ..

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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.

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 ..

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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 ..

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