Globalization has ushered rapid GDP growth but it is also making world more and more unequal. Analyse.

Globalization is the process of international integration of nations, economically and socio-culturally. It has been an efficient tool for GDP growth: Globalization can increase the trade and growth of countries. With the formation of WTO, world trade grew by 64 ..

It is often argued that a circular economy has solutions to the economic problems in India. What are the principles on which circular economy is based? Discuss its relevance in India.

The circular economy is a concept, that involves using and reusing resources again and again, in contrast to the linear economy which is based on the use and throw model. The circular economy is based on the 5R principle: Reduce ..

India needs a targeted region-specific action plan in order to achieve an equitable distribution of fruits of prosperity, owing to its geographical diversity and varied levels of development across regions. Elaborate.

India has a wide variety of geographical challenges which are compounded further by the wide spread regional disparities. It has led some to opine that a targeted region-specific action plan is the way forward. Geographical Challenges: The complete North India ..

Integrated water resource management can address the problems related to water in India. Discuss.

IWRM refers to managing water and land resources in an integrated manner, taking the river sub-basin as the basic unit. National water policy 2012, brought in the concept of Integrated Water Resource Management (IWRM). Features of IWRM: River basin as ..

India needs to move from being an assembler to a manufacturer of microchips. In this context, identify the associated challenges and opportunities.

The Microchips refer to small sized semiconductor chips which are increasingly being used in day-to-day gadgets, appliances, devices, control systems, etc. Rise of 5G, artificial Intelligence and internet of things has given significant push to microchip industry. In this context, ..

Right marketing strategies and an efficient supply chain are imperative to make India a global food supply leader. Elucidate.

Despite being among countries with largest area under cultivation, India’s contribution to global agriculture exports is a meagre 2 to 3%. Opportunities for India: Second largest rice and wheat production. Largest Dairy producer in world. Second largest fisheries sector in ..

The need of the hour is to do away with traditional accounting methods like GDP calculation and move towards more comprehensive methods that accounts for Natural Capital and Ecosystem Services as well to establish link between economy and environment. In this context, discuss the initiatives taken by India.

Natural capital and Ecosystem services (NC&EC) refers to value stored in land, water, forest, and other natural resources, e.g. Forest – provisioning food, shelter, disaster resilience, etc. Accounting for natural capital and ecosystem services is crucial for realizing their importance, ..

The Green Term Ahead Market (GTAM) can be a game changer for the renewable energy sector in India. Evaluate.

Renewable energy is the production of energy from sources which do not pollute the environment and which in theory are not at risk of depletion e.g., solar and wind. India as per world’s best practices has added hydro power to ..