2. Deliberate upon the reform measures that can aid India to rise in terms of economic growth to the baseline medium-term potential and help drive growth in a sustainable way. (250 words)
Why this question:
The article is in the backdrop of the recent IMF that has listed reform measures that might help India increase economic growth to the baseline medium-term potential of 7.3 percent.
Key demand of the question:
Explain the necessity of reforms that can help India to increase economic growth to the baseline medium-term potential and help push up growth in a sustainable way.
Deliberate – 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 general discuss the persistent issues brought out by the IMF.
Briefly discuss the suggestions made by the IMF.
What are the issues with the economy in the country?
Suggest what reforms can be made to overcome the challenges.
Conclude by suggesting reforms – both long term and for short term.