Topic:Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
4) The tragic death of Café Coffee Day’s founder V.G. Siddhartha earlier this week has a wake-up question for our Startup nation, do you think the system is treating our entrepreneurs fairly? Critically examine. (250 words)
Why this question:
CCD is a big brand and Siddhartha’s untimely demise reflects poorly on the prevailing business atmosphere, replete with “pressures” mentioned in a letter to the board of CCD and its employees.
Key demand of the question:
The answer must evaluate the atmosphere in the country that is made available to the entrepreneurs.
Critically examine – When asked to examine, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a fair judgement.
Structure of the answer:
Discuss the importance of entrepreneurs for the economy in general.
The answer should mainly talk about the factors of ease of doing business in India. To what extent India has a conducive atmosphere for entrepreneurs.
Throw light on the case of CCD, what must have gone wrong, what are the possible corrections government can take to prevent such incidences.
Conclude by suggesting way forward.