Do you think the growth model followed by East Asian economies could be suitable in propelling India’s economic growth trajectory?
Answer: The Economic Survey 2018-19 highlights acute challenges faced by the Indian economy like the severe agrarian crisis; the troubles of loss-making and debt-ridden public sector units (PSUs); and the issues plaguing public sector banks.
In this wake, the model followed by Newly Industrialized Economies (NIEs) of East Asia (Hong Kong, South Korea, Singapore and Taiwan) has been touted as a panacea for the ills of Indian economy. A newly industrialized country is one whose economic development is between developing and highly developed classifications.
India’s aspiration to become a global economic powerhouse through the East Asian model is admirable, but the government ....
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General Studies Mains Questions And Answers
- 1 Digital transformation holds immense potential for bringing about rapid socio-economic development of rural India. Discuss.
- 2 Discuss the contribution of moderates in the Indian freedom movement by describing the various methods adopted by them.
- 3 Give an account of the evolution of the relationship between the British power and the Indian princely states during the British rule, mentioning the key developments.
- 4 Describing the importance of big dams in India, throw light on the problems associated with them. Discuss the efforts made for dam safety in the country.
- 5 Urbanization is a double-edged sword for women. Discuss the challenges faced by women in cities and describe the measures to overcome them.
- 6 What is the Model Code of Conduct? Describe the importance and challenges of Model Code of Conduct.
- 7 Discuss the functions and role of the Election Commission of India. How does the Election Commission ensure free and fair elections in India?
- 8 BIMSTEC is an important organization to strengthen India's position in South-East Asia. Mention the major obstacles to the integration of BIMSTEC.
- 9 India and the US have agreed to move forward in the field of space cooperation. Discuss the limiting factors in the path of space cooperation between the two countries and suggest ways to solve them.
- 10 The Nuclear Non-Proliferation Treaty is considered important to prevent the spread of nuclear weapons; yet India is opposed to this treaty. Explain.
