Page-68 of GS-III: Economy & Economic Development

Planning Commission outlived its original objectives and its credibility has rapidly lost. Discuss the various reasons that led to demise of this body.

Model Answer: Successive governments have used the planning commission as a parking lot for decent placement for the favorable officers and academics, who could not be accommodated anywhere...

January 12, 2023

What are the various commodities in India for which government maintains buffer stocks? Elucidate while analyzing the pros and cons for a cotton buffer stock in the country.

Buffer stock is the reserve commodity that is stored for the purpose to check the unreasonable and sudden increase in the market price of the essential commodities due...

January 11, 2023

What do you mean by 'disguised unemployment'? Do you think that it can be used as a source of capital formation? Examine its limitations.

A disguisedly unemployed person is the one who seems to be employed but actually he is not. His contribution to the total output is zero or negligible. When...

January 10, 2023

India has surpassed Britain to become the 6th largest economy of the World ? Compare the fundamentals and strength of the economic system of both countries and list down India's advantages and disadvantages vis a vis Britain.

Indian becomes world’s sixth largest economy since the rapid growth of economy in the last 25 years. After exit from European Union Britain currency and economy struggled. Indian...

January 7, 2023

Investment in health and education are the principal sources of human capital formation. Critically evaluate.

Hint: Human capital refers to stock of ‘skill and expertise’ embodied in humans. Human capital is as important as physical capital for economic development. Human capital formation is...

January 5, 2023

“Economists in India have put forward the reasons for and against the question of whether India is over-populated.” Discuss presenting your view.

No doubt, that high population growth rate in India is a cause of worry, but to judge whether India is over-populated or not is a cumbersome task, since...

January 5, 2023

Discuss the Vijay Kelkar Committee on Revisiting and Revitalising the PPP model.

Several infrastructure projects in India have been hit by various issues related to PPP model. It is in this context, the Vijay Kelkar panel recommended various measures for...

January 5, 2023

"Economic Development must bring some notable changes in the structural, institutional and technical set up."Throw light.

Economic development is the development of economic wealth of countries, regions or communities, for the well-being of their inhabitants such that it improves the standard of living and economic...

January 4, 2023

Examine various ways in which harnessing the solar power can help in increasing the real income of farmers in the country. What are the various difficulties and challenges that need to be overcome towards this? Discuss.

India desires to achieve 100 GW of solar power generation capacity by the year 2022 as well as doubling farmers’ income by 2022. This brings in a direct...

January 4, 2023

The question of changing financial year in India {from April-March to January-December} has been considered several times in the past. What are pros and cons of this particular reform on Government Budgeting? Discuss explaining why governments so far did not favour any change in financial year.

Currently, the financial year followed by India runs from 1st April to the following 31st March. The issue of changing the financial year was last examined by the...

January 3, 2023