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Home/indian economy/Page 2

Mains Answer Writing Latest Questions

Appikonda Jaya Santosh Kumar
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Appikonda Jaya Santosh KumarBegginer
Asked: July 21, 2024In: , , ,
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indian economysustainable developmenturbanization
  1. gdas
    gdas Begginer

    Sustainable urbanization refers to economic growth of cities along with encompassing environmental and social concerns of people. Rapid urbanization refers to the undertakings taken by the government, private corporations, or private-government partnerships to transform an urban space by equipping iRead more

    Sustainable urbanization refers to economic growth of cities along with encompassing environmental and social concerns of people.

    Rapid urbanization refers to the undertakings taken by the government, private corporations, or private-government partnerships to transform an urban space by equipping it with technology, infrastructure and potential for economic growth making it suitable for entrepreneurial businesses.

    Five strategies are as follows:

    1. Awareness programs: Active community engagements with illiterate, elderly and disabled section of population whose land will be impacted by development projects.
    2. Integrated urban planning: Focus should be on inclusive housing, water supply, and sanitation along with promoting jobs, skilled work and education for marginalized sections.
    3. Indigenous knowledge: Focus should be on traditional and cultural knowledge associated with natural resources to include it in the planning and implementation of development projects to promote harmony with the environment.
    4. Transparency: It is essential to elect representatives from local communities to voice their concerns and interests.
    5. Resilient city planning: Focus should be on building low carbon transportation, green buildings with nature-based solutions, effective waste management, and importantly flood management systems.

    Hence, the approach require planners to be inclusive of the needs of various groups and stakeholders.

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Monisha Murugesan
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Monisha MurugesanBegginer
Asked: July 20, 2024In: , ,
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bioentrepreneurshipbiotech venturesindian economystudent entrepreneur
  1. Arshita
    Arshita Begginer

    Early-stage biotech ventures face daunting challenges including scientific and technical risks associated with novel technologies, regulatory complexities demanding rigorous safety and efficacy standards, and substantial capital needs for research, clinical trials, and scaling production. Market entRead more

    Early-stage biotech ventures face daunting challenges including scientific and technical risks associated with novel technologies, regulatory complexities demanding rigorous safety and efficacy standards, and substantial capital needs for research, clinical trials, and scaling production. Market entry presents hurdles such as understanding competitive landscapes, pricing strategies, and navigating complex healthcare reimbursement systems. Intellectual property management is critical for protecting innovations amidst competitive pressures. Building skilled, multidisciplinary teams and forming strategic partnerships are essential amidst talent shortages and the need for specialized expertise. Uncertainties in scientific outcomes, clinical trial results, and market adoption heighten investor risk perception, impacting fundraising. Addressing ethical implications of genetic engineering and novel therapies, including safety, equity, and societal acceptance, is pivotal for regulatory approval and public trust. Successfully managing these challenges demands strategic planning, resilience, and a robust execution strategy to achieve sustainable growth and innovation in the biotech sector.

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Utkarsha Jadhav
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Utkarsha JadhavBegginer
Asked: July 20, 2024In: , ,
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What are the major challenges facing the Indian economy today, and how can they be addressed?

economy.indian economyquestion
  1. Kousalya Krishnan
    Kousalya Krishnan Begginer
    This answer was edited.

    India is a diverse and rapidly developing country with fifth largest in the world by nominal GDP, and it is characterized by a mixed economic system. Over the past few decades, India has experienced rapid economic growth, and it is now considered to be a major player in the global economy. Despite tRead more

    India is a diverse and rapidly developing country with fifth largest in the world by nominal GDP, and it is characterized by a mixed economic system. Over the past few decades, India has experienced rapid economic growth, and it is now considered to be a major player in the global economy. Despite this growth, the country still faces numerous challenges, including

    Challenge

    1. Growth: Economic Reforms such as GST and FDI liberalization has boosted economic activity, yet uneven execution presents hurdle.
    2. Demographic dividend.
    3. Agriculture crucial for employment, faces productivity challenges due to small landholdings, inadequate technology access, and dependence on monsoon.
    4. Increase in non-performing assets in financial sectors.
    5. External factors such as Global economic conditions and oil price volatility.
    6. Development: Poverty, Inequality in income and Unemployment.
    7. Mobilization of resources: Limited access to the credits, Lack of proper infrastructure, Shortage of skilled labor in emerging technology and manufacturing, Resource allocations.
    8. Employment: Unemployment, Underemployment, Lack of Labor protection.

     

    Summary:

    The Indian economy and issues related to growth and development are still a challenge for the country. These include poverty, income inequality, unemployment, and environmental degradation. To address these challenges, the Indian government has implemented several policies and initiatives aimed at promoting sustainable and inclusive economic growth, improve access to education, healthcare, and social services, as well as efforts to reduce pollution and protect the environment.

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Anonymous
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Anonymous
Asked: July 19, 2024In: , ,
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India’s agricultural resources are vast and varied, contributing significantly to the country’s economy. What are the primary agricultural resources in India? How do these resources impact the agricultural sector and the overall economy? Discuss the role of different crops, irrigation ...

agricultural resourcesagricultureindian economy
Salman Bashir
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Salman BashirBegginer
Asked: July 19, 2024In: , , ,
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What are the major economic reforms in India since 1991, and how have they impacted the country’s growth, development, and global economic position?

developmenteconomic growtheconomic reformsglobalizationindian economyindian history (post-1991)liberalization
  1. Ahmed
    Ahmed Begginer

    Economic Reforms Since 1991: Impact on India's Growth and Global Position In 1991, India initiated significant economic reforms that marked a shift from a closed, centrally planned economy to a more open and market-oriented one. These reforms have had profound impacts on India's growth and global poRead more

    Economic Reforms Since 1991: Impact on India’s Growth and Global Position

    In 1991, India initiated significant economic reforms that marked a shift from a closed, centrally planned economy to a more open and market-oriented one. These reforms have had profound impacts on India’s growth and global position.

    Key Reforms:

    1. Liberalization: Reduction in government control over businesses and the opening up of various sectors to private and foreign investments.
    2. Privatization: Transfer of ownership of state-owned enterprises to private entities.
    3. Globalization: Integration with the global economy through trade and investment.

    Impact on Growth:

    1. Economic Growth: Post-1991 reforms led to higher GDP growth rates, with the economy expanding at an average rate of about 6-7% annually.
    2. Foreign Investment: There was a significant increase in Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII), boosting capital inflows.
    3. Industrial Growth: The deregulation of industries spurred growth in manufacturing and services sectors, contributing to employment and GDP.

    Impact on Global Position:

    1. Trade Expansion: India’s share in global trade increased due to reduced tariffs and trade barriers.
    2. IT and Services Sector: India emerged as a global hub for IT and services, earning substantial foreign exchange and creating millions of jobs.
    3. Global Integration: India became an integral part of global supply chains and improved its position in international economic forums like the WTO, G20, and BRICS.

    Overall, the 1991 economic reforms significantly accelerated India’s growth, transformed its economic landscape, and enhanced its global economic stature.

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