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4) Religious trusts have been historically known to be repositories of wealth donated by disciples and followers. In such a context do you think allowing religious trusts to invest in start-ups could catalyse the ecosystem? Analyse.(250 words)

Topic:Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

4) Religious trusts have been historically known to be repositories of wealth donated by disciples and followers. In such a context do you think allowing religious trusts to invest in start-ups could catalyse the ecosystem? Analyse.(250 words)

Indianexpress

Why this question:

Religious trusts have been historically known to be repositories of wealth donated by disciples and followers. However, this opaque world has opened up in recent times with the income and profitability of some of the well-known trusts now available with credit rating agencies as well. Thus it becomes necessary for us to analyse their role in contributing to start up ecosystem. 

Key demand of the question:

One has to explain the significant contribution that the religious endowments and trusts can make by contributing to start ups through investments.

Directive:

AnalyzeWhen asked to analyse, 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.

Structure of the answer:

Introduction: 

In brief discuss the significance of religious trusts and there working in general.

Body:

Explain that religious trusts have been historically known to be repositories of wealth donated by disciples and followers. However, this opaque world has opened up in recent times with the income and profitability of some of the well-known trusts now available with credit rating agencies as well.

Discuss the startup ecosystem currently present in India – In 2018, India turned out to be the world’s third-largest startup ecosystem, with $38 billion in foreign direct investment.

Conclusion:

Conclude that Indian economy can witness a multiplier effect on employment generation if thousands of genuine startups start seeing capital inflows through these religious institutions

CategoriesINSIGHTS