Higher growth rate of real national income of a country does not necessarily imply its development'. Explain.

Hint: Real National income is the total value a country’s final output of all new goods and services produced in one year. Development in economy is determined by well-being of individuals and quality of life for a community by creating and/or ..

A robust digital healthcare ecosystem can help to address the challenges faced in implementation of healthcare schemes in India. Examine.

Healthcare schemes in India include insurance schemes like PM Jan Arogya Yojana and states’ own treatment schemes. Challenges in Implementation: Fiscal – Public spending on health is not adequate. The spending on healthcare as a percentage of GDP is very ..

Critically discuss the factors that determine and influence the economic development of a country.

Model Answer: Development of an economy is influenced by both economic and non-economic factors: Economic Factors as determinants of Development Economic factors as determinants of development include natural and human resources. Natural resources (those which are available as a free ..

Define economic development. Do you agree with the view that India has experienced growth but no economic development? Give reasons for your answer.

Economic development is a normative concept which takes into account both qualitative and quantitative aspects. Economic development is an increase in overall living standards and quality of life of the people. It is measured in terms of rise in real ..

The contribution of the manufacturing sector, as a percentage of the GDP, has remained stagnant in recent years. In this context, analyse the achievements of National Manufacturing Policy, 2011 with regards to its intended objectives.

The contribution of the manufacturing sector to GDP is currently at around 16%. It has remained stagnant for the following reasons: Lack of market demand owing to higher inflation in necessary goods. Global economic slowdown – affects export demand. Lack ..

Critically examine the bottlenecks in achieving rapid economic growth in India.

Economic development is referred to as the growth of the standard of living of the people of any country. It helps a nation to conduct an effective transition from a low-income economy to a high-income economy. Improvement of the local ..

After doing mergers of several public sector banks, the government is planning for a second round of merger. Analyse how consolidation of banks can help in addressing the existing problems of the banking sector.

The central government in the past few years has extensively focused on merging smaller banks with larger ones to form a consolidated entity. Now the government is planning for a second round of merger of banks. The aim of the ..

The Livestock-based integrated farming system (IFS) can help to achieve twin goals of doubling farmers’ income and making farming sustainable. Analyze.

Livestock-based integrated farming system brings together crop cultivation, fisheries, livestock rearing and agro-forestry to benefit farmers in multiple ways. Features of livestock-based IFS: Farmers cultivate crops and raise livestock simultaneously. Livestock provide organic manure (cow dung) for farms. Livestock rearing ..