UPSC Mains Notes Indian Economy And Issues Relating To Planning, Mobilization Of Resources, Growth, Development And Employment

Previous Year Questions Asked In Mains From This Topic

  • Explain the difference between computing methodology of India’s Gross Domestic Product (GDP) before the year 2015 and after the year 2015. [2021]
  • Do you agree that the Indian economy has recently experienced V- shapes recovery? Give reasons in support of your answer. [2021]
  • Define potential GDP and explain its determinants. What are the factors that have been inhibiting India from realizing its potential GDP? [2020]
  • Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017. How has COVID-19 impacted the GST compensation fund and created new federal tensions? [2020]
  • Enumerate the indirect taxes which have been subsumed in the Goods and Services Tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017. [2019]
  • Do you agree with the view that steady GDP growth and low inflation have left the Indian economy in good shape? Give reasons in support of your arguments. [2019]
  • “Access to affordable, reliable, sustainable and modern energy is a sine qua non to achieve Sustainable Development Goal (SDGs).” Comment on the progress made in India in this regard. [2018]
  • How are the principles followed by the NITI Aayog different from those followed by the erstwhile planning commission in India? [2018]
  • How would the recent phenomena of protectionism and currency manipulations in world trade effect macroeconomic stability of India? [2018]
  • Among several factors for India’s potential growth, savings rate is the most effective one. Do you agree ? What are the other factors available for growth potential ? [2017]
  • How globalization has led to the reduction of employment in the formal sector of the Indian economy? Is increased informalization detrimental to the development of the country? [2016]
  • What are ‘Smart Cities’? Examine their relevance for urban development in India. Will it increase rural-urban differences? Give arguments for ‘Smart Villages’ in the light of PURA and RURBAN Mission. [2016]
  • Justify the need for FDI for the development of the Indian economy. Why there is gap between MOUs signed and actual FDIs? Suggest remedial steps to be taken for increasing actual FDIs in India. [2016]
  • The nature of economic growth in India in recent times is often described as jobless growth. Do you agree with this view ? Give arguments in favour of your answer. [2015]
  • Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of the Gold Monetization Scheme. [2015]
  • Normally countries shift from agriculture to industry and then later to services, but India shifted directly from agriculture to services. What are the reasons for the huge growth of services vis-a-vis industry in the country? Can India become a developed country without a strong industrial base? [2014]
  • “While we flaunt India’s demographic dividend, we ignore the dropping rates of employability.” What are we missing while doing so? Where will the jobs that India desperately needs come from? Explain. [2014]
  • Discuss the rationale for introducing Goods and Services Tax (GST) in India. Bring out critically the reasons for the delay in roll out for its regime. [2013]