Page-30 of GS-III: Economy & Economic Development
Asset monetization is imperative to achieve the goal of $5 trillion economy and fund India’s massive infrastructure needs. In the light of above statement, critically discuss the need of national monetization pipeline. Also discuss the issues that need to be addressed for its success.
Government of India has announced National monetization pipeline for asset monetization. Asset monetization refers to deriving value from public assets through means such as leasing (TOT model), selling dysfunctional assets, PPP investments, etc. Need for asset monetization in India: Harnessing ..
Economic policies focused only on quantitative aspect of growth have not shown trickle-down effect. Inclusive growth only can ensure equitable distribution of fruits of progress. Elaborate.
Earlier economic policies were focused on growth, a quantitative approach. It was believed that ultimately prosperity would ‘trickle-down’ to the masses. However, rising inequality, hunger, disease, low-wages, poor education & healthcare are causing societies to talk about development & inclusive ..
Highlight the fundamental reasons behind the employment problem that India is facing currently. Also, suggest a way forward.
Unemployment is defined as a situation when a person actively searching for employment is unable to find work. It is often used as a measure of the health of the economy. According to recent data from the Center for Monitoring ..
While focusing on the importance of agriculture extension services in India, highlight the challenges faced in implementing it. Discuss the role of National Mission on Agricultural Extension and Technology (NMAET) in this context.
Agriculture extension services refer to information and education, as well as other supporting services to farmers, to help enhance agricultural productivity and efficiency, e.g. M-Kisan (mobile based information). Importance of extension services: Availability of correct information to help make informed ..
Discuss the challenges faced by jute industry in India. What are the steps taken by the government to address these challenges?
Jute is a biodegradable natural fibre that is used for variety of purpose like making ropes, gunny bags for packaging, etc. Challenges faced by Jute industry: The small size of Jute making firms. The use of obsolete machinery and technology. ..
India’s per capita GDP has grown five times in last two decades, however the income distribution is highly uneven. In this context, discuss the issue of rising inequality in India.
Certainly, India has witnessed many changes and a rapid GDP growth in last two decades. However, the income is concentrated in few hands. India’s Gini coefficient value hovers around 0.9 on the Lorenz curve, where the value 1 is perfect ..
Pradhanmantri Jan Dhan Yojna has played a significant role in increasing financial inclusion. Analyze its performance in achieving its objectives.
Pradhanmantri Jan Dhan Yojana (PMJDY) was launched in 2014 to achieve the financial inclusion of unbanked sections of the society, with an aim of at least one bank account per household. PMJDY has become one of the most successful schemes ..
Farm loan waivers are neither adequate nor recommended for promoting sustained agricultural growth. Analyze.
Farm loan waiver refers to the payment of agricultural loans by the government and exemption of farmers from doing the same. Farm loans waivers are inadequate: Only 60% of farmers take a loan from formal banks and the rest depend ..