Topic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
2. Discuss the suggestions given in the Economic Survey 2020 to boost India’s economic growth. (250 words)
Why this question:
Recently the economic survey 2020-21 was released ahead of Budget proposals issued in the parliament.
Key demand of the question:
The answer must discuss the significant suggestions made by the Economic Survey 2020 to boost India’s economic growth.
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:
Briefly explain that the Economic Survey suggested that the government must use its strong mandate to deliver expeditiously on reforms which will enable the economy to strongly rebound in 2020-21.
Highlight that The survey said the economy is set to revive in the second half of 2019- 20 mainly on account of ten positive factors. Discuss the suggestions given in the survey in detail. There isn’t much to deliberate; students must list down the suggestions that are key to economic growth of the country.
Conclude that the survey projected FY21 growth of 6-6.5% may prove to be optimistic unless backed by a strong fiscal stimulus in the budget and the meeting of investment targets specified in the National Infrastructure Pipeline, both by The central and state governments.