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 ..

The Hybrid Annuity Model has helped to increase investments in road infrastructure by rebalancing project risks between the public and private sectors. Discuss.

Hybrid annuity model involves government and private developer jointly investing in the project cost on a 40:60 ratio, with government payment in annual annuity is based on quality of work done. Balancing project risks between public and private sector: 40% ..

A lower value of Incremental Capital Output Ratio (ICOR) is crucial for a developing economy like India. In this context, highlight the factors that limit efficient conversion of savings rate into investments in India. Also, suggest measures to improve it.

The Incremental capital output ratio is a measure which shows the amount of capital required to produce a given product. High ICOR indicates an inefficient economic environment as a large amount of capital is being used to produce low value ..