Are you Ready for Insta 75 Days Revision Plan (UPSC Prelims - 2020)?
Topic: Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora. . Important International institutions, agencies and fora- their structure, mandate.
3. The United States Trade Representatives (USTR) has taken India and other countries off the developing country list. Account for in detail how this could affect Indian economy. (250 words)
Reference: Indian Express
Why this question:
Last week, The office of the United States Trade Representatives (USTR) has updated its list of developing and least-developed countries, removing India from the list of countries that are designated as developing. Thus the context of the question.
Key demand of the question:
The answer must discuss the impact of such a step taken by USTR on the Indian economy.
Account – Weigh up to what extent something is true. Persuade the reader of your argument by citing relevant research but also remember to point out any flaws and counter- arguments as well. Conclude by stating clearly how far you are in agreement with the original proposition.
Structure of the answer:
Briefly explain what the USTR list of Developed, Developing and least-developed countries is.
Discuss first the background of the issue. Explain why the classification was made and to what extent is it justified to categorize countries; any classification of whether a country is “developing” or not is bound to be arbitrary. While the economic progress that India and China have achieved over the last few decades is seen by some as reason enough to get rid of their special status, others point to the various development indicators in which India and China still lag behind the rich world. Highlight the fact that the global community is further divided on its opinion on whether such a classification is required in the first place. Then explain the reasons of why India being stripped of this status. Discuss the effects of such a step in detail.
Conclude with the effects that India will have to face as a result of such decisions and suggest what India should do to face the challenge.