Page-50 of GS-III: Economy & Economic Development

Why India needs to bring structural changes in its energy sector? How to address challenges to bring those changes?

As India is emerging as the fastest growing economy of the world, the energy security is of immense importance. Hence, bringing a structural change in the sector becomes a pre-requisite. Why India needs to bring structural changes in the sector? ..

Why India needs to focus on planning to address the structural deficiencies of Indian economy?

India’s commitment towards development through planning had begun to diminish much before the Planning Commission was formally dismantled in 2014. The diminishing intent towards planning was after the LPG reforms of 1991. As India embraced capitalism with both arms, the state-led ..

"Total elimination of poverty require more than charity."Discuss in the light of fiscal requirements around recently adopted Sustainable Development Goals.

Hunger and poverty have been a great challenge to overcome for India over the decades. Sustainable Development Goals mainly focus on sustainable agriculture; sustainable economic development; sustainable energy for long term use; technology for sustainable development; sustainable transport for social ..

Why is that despite numerous benefits, the organic farming is not a priority in India? Discuss the issues and challenges.

Organic farming focus on sustainability, it is an agriculture system without the use of synthetically fertilizers, pesticides, growth regulators etc. Organic farming can not only improve soil fertility but it can also help in increasing farmers income. However, despite benefits, ..

What are the ecological and economical challenges faced by Indian agriculture today? Discuss critically.

The major environment challenges faced by Indian agriculture include how to conserve our basic agricultural assets such as land, water, and biodiversity and how to make agriculture sustainable. Farming is sensitive to short term and long term climate changes. Both ..

Explain the implications of rupee falling / rising against dollar on India's (1) Exports (2) Imports (3) Domestic Trade.

India has adopted floating exchange rate system since 1975. In this system market forces determine the value of a currency. Therefore currency fluctuations are natural outcome of the floating exchange rate system. There are two types of currency fluctuation, currency ..

What are potential, opportunities and challenges for Floriculture in India?

Floriculture refers to the cultivation and management of ornamental, especially flowering plants. Potential of Floriculture in India: Floriculture has the great potential to develop and flourish in India due to the following opportunities: India’s location in tropical and subtropical zone ..

"A large part of Nobel Laureate Angus Deaton's work is related to India."Examine his contribution to Indian economic policy making.

Angus Deaton is a British born economist. He earned his Ph.D. in economics from Cambridge University and later he moved to the USA. Mr. Deaton is known for his work on consumption theory, welfare, and inequality. He was awarded the ..