Growth, Development and Employment

Discuss the merits and demerits of the four ‘Labour Codes’ in the context of labour market reforms in India. What has been the progress so far in this regard? (250 words)

The four Labour Codes, introduced between 2019-2020, aim to streamline 29 existing laws into four codes: Wages, Industrial Relations, Social Security, and Occupational Safety, to…

What are the causes of persistent high food inflation in India? Comment on the effectiveness of the monetary policy of the RBI to control this type of inflation. (150 words)

India has been witnessing persistent high food inflation in recent years, driven by supply chain disruptions, erratic weather, and rising input costs (2023). This inflation…

Distinguish between ‘care economy’ and ‘monetized economy’. How can care economy be brought into monetized economy through women empowerment? (250 words)

Care Economy vs. Monetized Economy: Aspect Care Economy Monetized Economy Definition Revolves around unpaid or underpaid work, primarily shouldered by women, essential for human well-being.…

Most of the unemployment in India is structural in nature. Examine the methodology adopted to compute unemployment in the country and suggest improvements. (150 words)

India’s unemployment scenario is complex, with structural factors playing a significant role. Structural Unemployment in India: Methodology to Compute Unemployment: Suggested Improvements: In conclusion, while…

Faster economic growth requires increased share of the manufacturing sector in GDP, particularly of MSMEs. Comment on the present policies of the Government in this regard. (150 words)

Micro, Small, and Medium Enterprises play a pivotal role in India’s economy. They contribute about 30% of the GDP, 45% of manufacturing output, and employ…

“Economic growth in the recent past has been led by increase in labour productivity”. Explain this statement. Suggest the growth pattern that will lead to creation of more jobs without compromising labour productivity. (250 words) [2022]

The statement “economic growth in the recent past has been led by an increase in labor productivity” suggests that the growth in the economy has…

Do you agree that the Indian economy has recently experienced V- shapes recovery? Give reasons in support of your answer. (250 words) [2021]

V-shaped recovery refers to a situation where an economy experiences a sharp decline followed by a rapid and strong recovery, resulting in a V-shaped pattern.…

Explain the difference between the computing methodology of India’s Gross Domestic Product (GDP) before the year 2015 and after the year 2015. (150 words) [2021]

The main differences between the old and new methodology for calculating India’s GDP are: Overall, the new methodology is considered to be statistically more robust…

Define potential GDP and explain its determinants. What are the factors that have been inhibiting India from realizing its potential GDP? (150 words)

Potential GDP (gross domestic product) is the maximum level of output or real GDP that an economy can sustain without generating inflationary pressures. It is…