Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
6. Discuss the need for greater collaboration between the government and the private sector for developing trade-smart schemes that can ensure long-term sustainability for the growth of Indian industry.(250 Words)
Why this question:
The recent WTO panel report highlights the fact that India needs a fresh debate on trade policy framework.
Key demand of the question:
One must analyse the need for greater collaboration between the government and the private sector for developing trade-smart schemes that can ensure long-term sustainability for the growth of Indian industry.
Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.
Structure of the answer:
In brief trace the Recent global events that have had significant implications for reshaping India’s trade policy framework.
First discuss in short the trade policy currently being practiced by the country.
Bring out the policies that the government in power has been trying to aim.
Emphasize on the fact that India’s trade policy of the future ought to consider distinct approaches for trade in goods and trade in services.
Present case studies of successful collaborations of the government with private entities in the business scenario.
Conclude that Greater collaboration between the government and the private sector, for developing trade-smart schemes and incentives that have long-term sustainability and contribution to the growth of Indian industry, is the only sensible way forward.