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3) Policy makers around the world are scrambling to keep pace with rapid technological change. Comment, in the light of such major policy implications for India.(250 words)

Topic– Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora.

3) Policy makers around the world are scrambling to keep pace with rapid technological change. Comment, in the light of such major policy implications for India.(250 words)

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Why this question

The world is being transformed by technology at a very rapid rate and in unpredictable ways. It is essential to know about how technology is shaping the world and what could be its policy implications for India.

Directive word

Comment- here we have to express our knowledge and understanding of the issue and form an overall opinion thereupon.

Key demand of the question.

The question wants us to present our opinion on the way technology is shaping the world and discuss in detail about the possible policy implications for India.

Structure of the answer

Introduction– write a few lines about the growing penetration of technology across the world, automation, growth of a closely knit economy with increasing dominance of multinational companies, foreign investment etc. Mention that they have implications for any modern nation, especially India, the world’s fastest growing large economy.

Body-

Discuss in points, what could be the possible policy implications for India.

E.g Global commerce is increasingly transacted electronically and Foreign capital relocates with remarkable speed on the first signs of perceived fragility or on spotting an emerging opportunity. This demands an inbuilt safeguards to hedge against risks of volatility; globally harmonised intellectual property regime is bound to take shape, elbowing out the current flexibility available with India; a silo based approach needs to be jettisoned for carving out a unified technology policy as Modern technology is facilitating remarkable convergence; need to focus on embedding Indian manufacturing into global value chains in areas of advanced manufacturing etc.

Conclusion– based on your discussion, form a fair and a balanced conclusion on the issue.