Page-11 of GS-III: Economy & Economic Development

Discuss the tenancy reforms in independent India throwing light on their achievements.

Tenancy reforms aimed to regulation of rent, providing security of tenure and conferring ownership to tenants. Regulation of Rent: With the enactment of legislation for regulating the rent payable by the cultivators in the early 1950s, fair rent was fixed ..

Indian agriculture faces a new set of problems due to changing land holding pattern. Discuss its consequences and suggest ways to resolve such structural issues in agriculture.

Changing land holding pattern is one of the major problems in Indian agriculture sector. Changing land holding pattern: Land fragmentation – resulting in decreased revenue. Small land holdings – Inability to use large machinery. Prevalence of subsistence agriculture. Subleasing of ..

Critically examine the performance of Land Ceiling acts / reforms in Independent India.

Land ceiling means fixing maximum size of land holding that an individual or family can own. The land above the ceiling limit, called surplus land and the surplus land is distributed among small farmers, tenants, landless labourers or handed over ..

How is human capital different from human development? How can the process of human capital formation be accelerated?

Hint: Human capital refers to the skills, training, experience, education, knowledge, know-how, and competencies contributed by humans to a business, whereas human development in an economy is decided on the basis of composite statistic of life expectancy, education, and income per capita. Ways ..

Do you agree with the view that growth is a necessary but not sufficient condition for development? Substantiate your answer.

Model Answer: Economic Growth is a narrower concept that relates to an increase in a country’s real level of national output which can be caused by an increase in the quality of resources such as, education level, increase in the quantity ..

What are the main causes of underdevelopment of India? Do you think that India is still an underdeveloped country?

Hint: Causes of Underdevelopment Unemployment; Poverty; child marriage; Injustice; High population growth rate; illiteracy; Corruption; High Dependence on Agriculture; Economic inequality; Corruption; Lack of structural, institutional and technical change. India though has made progress since Independence, but the country’s economy is still ..

Geo-climatic, socio-cultural, economic, historical and political factors are the key determiners of the cropping pattern of any region. Substantiate with relevant examples.

Different regions have different cropping patterns and agricultural practices, but the patterns that we see today have developed across centuries, owing to a wide range of factors. The cropping pattern of a region is influenced by various factors: Geo-climatic: Monsoon ..

Despite the achievement of several Indians in leading tech-giants across the globe, India still has one of the lowest entrepreneurship rates. Discuss the reasons behind it and enumerate the measures taken by government to increase the pace of entrepreneurship in India.

Several Indian origin persons are now CEOs of global technology giants like Sundar Pichai, Satya Nadella, Parag Agarwal, etc. However, India lags in entrepreneurship rates due to several reasons like: Low literacy, e.g. in eastern India, where new firm creation ..

Differentiate between human capital and physical capital. What are the sources of human capital formation?

Hint: Human capital refers to the skills, training, experience, education, knowledge, know-how, and competencies contributed by humans. Physical capital refers to assets which themselves have been manufactured and are used for production of other goods and services such as cash, ..

What are ‘Dry Ports’ and how can they help to mitigate logistic challenges in India? Also, discuss the challenges in their development and measures needed to address them.

Dry ports are inland ports which are connected to sea ports by multimodal transport networks enabling efficient export-import. Significance: Connects hinterland to ports. Creates all round economic development. Export of goods produced in landlocked areas. Provide employment opportunities. Export of ..