Page-57 of GS-III: Economy & Economic Development

What is the significance of putting various economic sectors in the Harmonized Master List of Infrastructure Sub-sectors? Discuss taking examples of recent sectors placed in this list.

Economic sectors in the Harmonized Master List of Infrastructure Sub-sectors will get financial support from banks and other financial institutions easily when compared with other sectors. Inclusion Harmonized...

April 1, 2023

Despite of dramatic fall in equipment costs and tariff of solar energy, rooftop solar plants are not very popular in India. Account for the key stumbling blocks in realizing India's rooftop solar power goals.

India’s roof top solar power project was an ambitious step towards increasing greener energy in the country. The government encouraged people to install Solar roof top plants with...

April 1, 2023

To what extent, the economic liberalization has been able to bridge the gender gap in Indian workforce? Critically discuss.

Economic liberalization refers to the relaxation of government regulations and restrictions in an economy to attract greater participation by private entities. It promotes the economic development of a...

March 31, 2023

In India, most state governments have either put a ban on agricultural land leasing or imposed restrictions on land leasing. Discuss how changes in this policy can help creation of rural jobs and betterment of farm economy in India.

Land is a state subject and the government policy on land leasing differs in the country from state to state. For example, while Kerala has legally prohibited land...

March 31, 2023

What do you understand by import substitution? To what extent, the Make in India initiative is similar to or different from the import-substitution strategy? Explain.

Import substitution is an economic and trade policy which advocates replacing foreign goods with domestic goods. In earlier times it was undertaken by countries in nascent stages of...

March 31, 2023

To what extent, the Gold Monetization Scheme has been able to reduce the craze for physical gold in India? Critically discuss the success or failure of this scheme.

So far, the response to the scheme seems to have been largely failed and it has led to deposits worth only 6,410 kg of gold since it was launched,...

March 30, 2023

Explain various types of revolutions, took place in Agriculture after independence in India. How these revolutions have helped in poverty alleviation and food security in India?

Agriculture in India has been practiced since the time of the Indus Valley Civilization. The rank of India is second in terms of the total farm output. About...

March 30, 2023

Economic Viability of Bullet Trains

Mumbai –Ahmedabad bullet train will be the first bullet train in India which would reduce the time required to travel to 3 hrs, with help of Japanese investment...

March 28, 2023

The growth of cities as IT hubs has opened up new avenues of employment but has also created new problems. Substantiate this statement with examples.

According to the Economic Survey of India 2019-20, The IT-BPO sector of India contributed nearly 162 billion USD (2018-19) to the economy of India. The IT hubs located...

March 27, 2023

The state monopoly in coal has been extremely inefficient and country is forced to import hundreds of millions of coal every year. To what extent, Commercial Coal Mining can be helpful towards this? Discuss elucidating current government policy towards commercial coal mining.

Coal mining has been the monopoly of Coal India Limited, ever since 1973 when coal blocks were nationalized. However, due to inefficiency in mining, the large amount of...

March 25, 2023