Special Economic Zones (SEZs) have a great potential for economic growth, however, they have achieved limited success in India. Mention the factors responsible and also suggest some steps to address the problem.

Special Economic Zones are industrial clusters, based on the cluster-based development model of China. They were set up under SEZ act of 2005. However, their contribution to exports, for which they were set up has remained limited, contributing only $4 ..

India has a very high potential for startups, however, there has been limited success because of various challenges. Discuss.

There is no common definition for startups in India, however, the Income Tax Act defines startups as those companies, that are registered for less than 10 years and have a total turnover not exceeding 100 crores in any of these ..

To achieve the goal of $5 trillion economy, it is imperative to put primary focus on private investments. Discuss. Also, highlight the steps taken by government to boost private investments.

The GDP of any country is dependent on four engines of growth, viz, consumption, government expenditure, private investment, and trade. As per classical economics theories, the savings in an economy turns into investment which turns into growth. But as per ..

Smart Agriculture can be a game-changer for the stressed agriculture sector in India. Elaborate.

Smart agriculture is the use of ICT & next gen appliances to aid in improvement of yield & quality of the crop produced. Advantages: Drones can be used to survey the land and assess the yield. It would help to ..

India has not been able to implement land reforms in an efficient manner even after many decades. Enumerate the key hurdles in accomplishing land reforms in India. Also, discuss the advantages which can be reaped by accomplishing them in contemporary times.

Land Reforms refer to the redistribution of land resources in an equitable manner. At the time of independence, Aacharya Vinod Bhave and JP Narayan had led the Gramdan and Bhoodan movement with these noble ideas. Even our first Prime Minister ..

Throwing light on the role of off-budget borrowings, explain how it helps the government in raising funds for various expenditures. Also examine its desirability.

Off-budget borrowings refer to government borrowings not accounted in budget or fiscal deficit. These are borrowed by government agencies and/or PSUs from market or other innovative sources. E.g. FCI’s borrowings from market. Role in helping government raise funds: Enhance fiscal ..

Indian agriculture needs to move towards GM food crops, in order to ensure the food security of the country. Critically examine in context of concerns raised towards introduction of GM crops.

Recently, Genetically Modified food crops drew attention, as Indian-origin food shipments in European Union were found to violate GM content percentage. Genetically modified food crops are those in which modifications are introduced in their genes to enhance certain qualities like ..

National Hydrogen Mission can be a game changer for India’s rising energy demands. Discuss the benefits and challenges associated.

Finance Minister in budget of 2021-22 announced a National Hydrogen Mission to give a boost to Green Hydrogen fuel in India’s energy mix. India’s current energy status: Goal – 450 GW by 2030. Current status – 136 GW, 38% of ..