Topic : Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
4. The more digitized our trade facilitation infrastructure, the more Immune India will be to the future disruptions like COVID-19. Elucidate. (250 words)
Reference: The Hindu
Why the question:
The article talks in detail about Contracting Indian Port ecosystem and in what way Re-orientation of existing trade structures is being witnessed amidst disruptions like covid-19.
Key Demand of the question:
Explain how covid-19 has contracted Indian trade and in what way digitsing our trade facilitation infrastructure can make India immune from such disruptions.
Elucidate – Give a detailed account as to how and why it occurred, or what is the particular context. You must be defining key terms where ever appropriate, and substantiate with relevant associated facts.
Structure of the answer:
As digitization of procedures and lower human intervention are the two major pillars that drive trade across borders, emergence of new demand and supply chains in the countries will re-orient its existing trade structures as per the demands created with a crisis.
Firstly discuss the gaps that need to be filled to fully develop port ecosystem as per the
Suggest measures to address these issues , solutions to close the gaps in the infrastructure through digitization.
Conclude that the more digitized our trade facilitation infrastructure, the more immune India will be to the future disruptions like COVID-19.