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Home/economy./Page 4

Mains Answer Writing Latest Questions

kush shrivastava
  • 1
kush shrivastavaBegginer
Asked: July 16, 2024In: , ,
  • 1

economy.governmentpoliciespolitics
  1. Pranjal shekh
    Pranjal shekh Begginer

    Here is an overview of the economy, policies, and politics in recent times: The Economy in Recent Times: Post-Pandemic Recovery: The global economy has been in a recovery phase following the COVID-19 pandemic, which caused significant economic disruptions and contractions in 2020. Inflation ChallengRead more

    Here is an overview of the economy, policies, and politics in recent times:

    The Economy in Recent Times:

    • Post-Pandemic Recovery: The global economy has been in a recovery phase following the COVID-19 pandemic, which caused significant economic disruptions and contractions in 2020.
    • Inflation Challenges: Many countries have been grappling with high inflation rates, driven by factors like supply chain issues, the Russia-Ukraine war, and the lingering effects of the pandemic.
    • Interest Rate Hikes: Central banks around the world have been raising interest rates in an effort to curb inflation, leading to concerns about the potential for economic slowdowns or recessions.
    • Geopolitical Tensions: Geopolitical conflicts, such as the ongoing tensions between Russia and the West, have contributed to economic uncertainty and volatility in global markets.

    Key Economic Policies:

    • Fiscal Stimulus and Support Measures: Governments have deployed various fiscal policies, including tax cuts, spending programs, and income support, to aid in the economic recovery from the pandemic.
    • Monetary Policy Adjustments: Central banks have adjusted their monetary policies, such as raising interest rates and reducing asset purchase programs, to address inflationary pressures.
    • Trade Negotiations and Agreements: Countries have been engaged in ongoing trade negotiations and agreements, aiming to strengthen economic ties and overcome trade barriers.
    • Climate and Sustainability Policies: There has been an increased focus on policies and initiatives aimed at addressing climate change, promoting renewable energy, and transitioning to more sustainable economic models.

    The Role of Politics:

    • Political Polarization: Many countries have experienced heightened political polarization, which can hinder the formulation and implementation of cohesive economic policies.
    • Elections and Policy Shifts: Changes in political leadership, through elections or leadership transitions, can lead to shifts in economic policies and priorities.
    • Geopolitical Tensions and Economic Implications: Ongoing geopolitical conflicts and power dynamics have significant economic implications, as they can disrupt trade, investment, and global supply chains.
    • Regulatory and Legislative Changes: Governments have introduced new regulations and legislative measures that can impact various sectors of the economy, such as technology, finance, and energy.
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Arpit
  • 0
Arpit
Asked: July 15, 2024In:
  • 0

economy.india
  1. Aroma Nandigam
    Aroma Nandigam Begginer

    The Goods and Services Tax (GST) implementation impact in India: Simplification of Tax Structure: GST replaced multiple indirect taxes with a unified tax system, streamlining compliance and reducing bureaucratic hurdles for SMEs. This simplification was intended to create a more business-friendly enRead more

    The Goods and Services Tax (GST) implementation impact in India:

    1. Simplification of Tax Structure: GST replaced multiple indirect taxes with a unified tax system, streamlining compliance and reducing bureaucratic hurdles for SMEs. This simplification was intended to create a more business-friendly environment.
    2. Improved Logistics and Supply Chain Efficiency: GST eliminated interstate barriers, enabling smoother movement of goods across state borders. This has reduced logistics costs and improved supply chain efficiency for SMEs involved in interstate trade.
    3. Increased Compliance Burden: SMEs faced initial challenges in understanding and adapting to the new tax regime, leading to compliance issues and additional administrative burdens. Many smaller enterprises lacked the resources and expertise to navigate the complexities of GST compliance.
    4. Impact on Cost Structure: Some SMEs experienced cost increases due to higher tax rates under GST compared to the previous tax structure. This affected pricing strategies and profit margins, particularly for businesses operating in sectors with higher tax rates.
    5. Digital Transformation: GST compliance requirements encouraged SMEs to adopt digital technologies for invoicing, accounting, and tax filing. This digital transformation aimed to enhance operational efficiency but required investments in technology and training.

    Overall, while GST aimed to create a unified and transparent tax system, its impact on SMEs has been a mixed bag of simplified operations in some areas and increased challenges in others, necessitating ongoing support and adjustments to fully realize its potential benefits for small businesses in India.

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Prerana Mahajan
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Prerana MahajanBegginer
Asked: July 14, 2024In:
  • 0

Over the past decade, India has achieved several key milestones in economic development: 1. Growth Rate: India has maintained a relatively high GDP growth rate, averaging around 7% annually, making it one of the fastest-growing major economies ...

developmenteconomy.indiaquestion
  1. Kushagra Jain
    Kushagra Jain Begginer

    India’s economic development over the last decade has had many major milestones ¹ ² ³: In 2019, India’s nominal GDP increased to become the fifth largest in the world at $2.87 trillion, surpassing the United Kingdom’s $2.83 trillion GDP at that time. From February 2010 to February 2020, real GDP groRead more

    India’s economic development over the last decade has had many major milestones ¹ ² ³:

    • In 2019, India’s nominal GDP increased to become the fifth largest in the world at $2.87 trillion, surpassing the United Kingdom’s $2.83 trillion GDP at that time.
    • From February 2010 to February 2020, real GDP growth rate was around 6.66% on average.
    • This is a historic tax reform for India with introduction of Goods and Services Tax (GST) which happened in July, 2017.
    • Over a nine-year period, there has been an infrastructure development by building of seventy-four airports in India.
    • Export data reveals that India’s role in global supply chains is growing bigger and bigger.
    • It is expected that Indian GDP would grow by 6.8% and 6.5% respectively for FY’24/25 and FY’25/26.
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Khushi Singh
  • 0
Khushi SinghBegginer
Asked: July 13, 2024In: , , , , ,
  • 0

How can educators prepare students for future careers in a rapidly evolving digital economy?

careerdigital economyeconomy.educationfuture skillsquestionstudenttechnology
  1. Chaitanya Munawali
    Chaitanya Munawali Begginer

    Educators can prepare students for future careers in a rapidly evolving digital economy by focusing on a combination of technical skills, soft skills, and lifelong learning habits. Here are some strategies to achieve this: Developing Technical Skills Integrate Technology in Curriculum: Coding and PrRead more

    Educators can prepare students for future careers in a rapidly evolving digital economy by focusing on a combination of technical skills, soft skills, and lifelong learning habits. Here are some strategies to achieve this:

    Developing Technical Skills

    1. Integrate Technology in Curriculum:
      • Coding and Programming: Teach students coding languages and programming skills from an early age.
      • Data Literacy: Include data analysis and data science basics in the curriculum.
    2. Hands-On Experience:
      • STEM Projects: Encourage participation in science, technology, engineering, and math (STEM) projects and competitions.
      • Real-World Applications: Implement projects that solve real-world problems using technology.
    3. Digital Tools Proficiency:
      • Software Training: Familiarize students with commonly used software in the workplace (e.g., office suites, project management tools, design software).
      • Emerging Technologies: Introduce students to emerging technologies like artificial intelligence, machine learning, and blockchain.

    Cultivating Soft Skills

    1. Critical Thinking and Problem Solving:
      • Project-Based Learning: Use project-based learning to develop critical thinking and problem-solving skills.
      • Case Studies: Analyze real-world case studies to enhance analytical skills.
    2. Collaboration and Communication:
      • Group Projects: Encourage teamwork through group projects and collaborative assignments.
      • Presentation Skills: Develop students’ ability to present their ideas clearly and effectively.
    3. Adaptability and Resilience:
      • Change Management: Teach students how to adapt to change and manage transitions.
      • Growth Mindset: Foster a growth mindset, encouraging students to view challenges as opportunities to learn.

    Fostering Lifelong Learning

    1. Encourage Curiosity and Self-Directed Learning:
      • Resourcefulness: Teach students how to find and utilize resources for self-directed learning.
      • Passion Projects: Allow students to pursue personal interest projects that can lead to deeper engagement and learning.
    2. Continuous Education:
      • Online Courses: Introduce students to online learning platforms where they can continue to learn new skills.
      • Professional Development: Encourage a culture of continuous professional development.

    Building Career Awareness

    1. Industry Exposure:
      • Guest Speakers: Invite industry professionals to speak about their careers and industry trends.
      • Field Trips: Organize field trips to tech companies and startups.
    2. Internships and Apprenticeships:
      • Work Experience: Facilitate internships and apprenticeships to provide students with real-world experience.
      • Mentorship Programs: Connect students with mentors in their field of interest.
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Vishal Rathod
  • 0
Vishal RathodBegginer
Asked: July 13, 2024In: , , ,
  • 0

Discuss the challenges and benefits associated with the deployment of green building technologies. How can sustainable architecture contribute to energy conservation and environmental sustainability in urban development projects?

developmenteconomy.
  1. Abdul Azeem Shaikh
    Abdul Azeem Shaikh Begginer
    Green building technology

      Green building technology stands as a beacon in urban development, navigating challenges while illuminating numerous benefits. By embracing innovations like efficient insulation and renewable energy sources, these buildings significantly shrink environmental footprints. Yet, hurdles such as uRead more

     

    Green building technology stands as a beacon in urban development, navigating challenges while illuminating numerous benefits. By embracing innovations like efficient insulation and renewable energy sources, these buildings significantly shrink environmental footprints. Yet, hurdles such as upfront costs and technological complexity persist. Despite these obstacles, the promise of long-term advantages — from reduced operating expenses to improved indoor air quality and minimized carbon footprints — remains compelling.

     

    Sustainable architecture not only conserves energy but also champions environmental stewardship by slashing resource consumption and waste generation. In urban landscapes, it not only fosters healthier living environments but also aligns with global imperatives for climate resilience and ecological equilibrium. Thus, it emerges as a pivotal force in crafting sustainable, vibrant cities of tomorrow.

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Vishal Rathod
  • 0
Vishal RathodBegginer
Asked: July 13, 2024In: ,
  • 0

‘Earn while you learn’ scheme needs to be strengthened to make vocational education and skill training meaningful”. Comment(Pyq)

developmenteconomy.
  1. SHUBHAM PALIWAL
    SHUBHAM PALIWAL Begginer

    The statement "Earn while you learn scheme needs to be strengthened to make vocational education and skill training meaningful" highlights an important aspect of improving vocational education and skill training. Here's an analysis of this concept: 1. Importance of 'Earn while you learn': - ProvidesRead more

    The statement “Earn while you learn scheme needs to be strengthened to make vocational education and skill training meaningful” highlights an important aspect of improving vocational education and skill training. Here’s an analysis of this concept:

    1. Importance of ‘Earn while you learn’:
    – Provides practical experience alongside theoretical learning
    – Helps students financially, making education more accessible
    – Increases motivation by showing immediate relevance of skills
    – Smoothens the transition from education to employment

    2. Current challenges:
    – Limited availability of such programs
    – Mismatch between training and industry needs
    – Lack of quality control in some existing programs
    – Insufficient industry participation

    3. Strengthening the scheme:
    – Expand partnerships between educational institutions and industries
    – Align curriculum more closely with current industry practices
    – Implement robust quality assurance mechanisms
    – Provide adequate compensation to students
    – Ensure proper mentoring and guidance

    4. Benefits of strengthening:
    – Enhanced skill development and job readiness
    – Reduced skill gap between education and industry requirements
    – Increased employability of vocational graduates
    – Better return on investment for both students and industries

    5. Potential challenges:
    – Balancing work and study commitments
    – Ensuring fair treatment of student workers
    – Maintaining academic rigor alongside practical training

    6. Policy implications:
    – Need for supportive government policies and incentives
    – Regulatory framework to ensure quality and protect student interests
    – Funding support for institutions to implement such programs

    7. Long-term impact:
    – Improved perception of vocational education
    – More skilled workforce contributing to economic growth
    – Reduced youth unemployment
    – Better alignment of education with labor market needs

    In conclusion, strengthening the ‘Earn while you learn’ scheme can indeed make vocational education and skill training more meaningful by bridging the gap between theoretical knowledge and practical application. It requires concerted efforts from educational institutions, industries, and policymakers to create a robust system that benefits students, employers, and the economy as a whole.

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SNEHA
  • 0
SNEHABegginer
Asked: July 12, 2024In:
  • 0

India’s Foreign Trade Policy has a forward vision to improve its exports and better manage it’s trade deficits. What are the steps taken in this direction in the recent past?

economy.foreign trade policyinternational relations
  1. Neel Raul
    Neel Raul Begginer

    India's Foreign Trade Policy (FTP) aims to enhance exports and manage trade deficits through several strategic measures. Recent steps include: Export Promotion Schemes: Merchandise Exports from India Scheme (MEIS): Provides duty credit scrips to exporters, offsetting infrastructural inefficiencies aRead more

    India’s Foreign Trade Policy (FTP) aims to enhance exports and manage trade deficits through several strategic measures. Recent steps include:

    1. Export Promotion Schemes:
      • Merchandise Exports from India Scheme (MEIS): Provides duty credit scrips to exporters, offsetting infrastructural inefficiencies and costs.
      • Service Exports from India Scheme (SEIS): Rewards service providers, boosting India’s global service sector competitiveness.
    2. Product and Market Diversification:
      • Focus on identifying new markets and diversifying export products to reduce reliance on traditional markets.
      • Initiatives to boost high-potential sectors like pharmaceuticals, engineering goods, textiles, and agriculture.
    3. Trade Infrastructure:
      • Trade Infrastructure for Export Scheme (TIES): Develops export infrastructure.
      • National Logistics Policy enhances logistics and reduces transaction costs.
    4. Ease of Doing Business:
      • Simplification of export and import procedures through digital initiatives like the e-Sanchit and e-BRC (Bank Realisation Certificate) systems.
      • Implementation of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to replace MEIS, ensuring compliance with WTO rules.

    These steps reflect India’s forward vision to improve exports, boost economic growth, and better manage trade deficits.

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Shreya Shah
  • 0
Shreya ShahBegginer
Asked: July 11, 2024In:
  • 0

countryeconomy.infrastructurequestion
  1. Samarth Shrivastav
    Samarth Shrivastav Begginer

    The state of infrastructure in a country has a profound impact on economic growth and development in several ways: Transportation: Efficient transportation infrastructure (roads, highways, railways, ports, airports) reduces transportation costs, improves connectivity between regions, and facilitatesRead more

    The state of infrastructure in a country has a profound impact on economic growth and development in several ways:

    Transportation: Efficient transportation infrastructure (roads, highways, railways, ports, airports) reduces transportation costs, improves connectivity between regions, and facilitates movement of goods and people. This boosts productivity, trade, and economic integration.

    Energy: Reliable and adequate energy infrastructure (power plants, electricity grids, renewable energy sources) is essential for industrial production, business operations, and household activities. Energy shortages or inefficiencies can hinder economic activities and development.

    Communications: Robust communication infrastructure (telecommunications, internet connectivity) supports efficient business operations, access to information, e-commerce, and digital services. It enhances productivity and enables global competitiveness.

    Water and Sanitation: Infrastructure for clean water supply and sanitation improves public health, reduces diseases, and enhances quality of life. It also supports industrial and agricultural activities that depend on water resources.

    Education and Healthcare: Infrastructure such as schools, universities, hospitals, and healthcare facilities are critical for human capital development. Accessible and quality education and healthcare contribute to a skilled workforce and healthy population, which are crucial for economic productivity and growth.

    Industrial and Technological Development: Infrastructure that supports industrial zones, research and development centers, and innovation hubs fosters industrialization, technological advancements, and entrepreneurship. It stimulates economic diversification and innovation-driven growth.

    Resilience and Sustainability: Modern infrastructure designed with resilience to natural disasters and climate change impacts ensures continuity of economic activities and minimizes disruptions. Sustainable infrastructure practices reduce environmental impact and promote long-term economic stability.

    Urbanization and Regional Development: Infrastructure development in urban and rural areas promotes balanced regional growth, reduces disparities, and supports inclusive economic development by connecting different parts of the country.

    Investment and Competitiveness: Well-maintained infrastructure attracts domestic and foreign investment, enhances business confidence, and improves the overall competitiveness of the economy in global markets.

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