Topic: GS-2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
GS-3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
4. Discuss the possible role that Atmanirbharta can play for India to bounce back from the effects of Covid-19. (250 words)
Reference: Indian Express/
Why the question:
According to the World Bank, the phenomenon of trade-led catch-up growth is petering out; thus, Atmanirbharta is the way that can help India bounce back from the effects of Covid-19.
Key Demand of the question:
Discuss the possible role that Atmanirbharta can play for India to bounce back from the effects of Covid-19.
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:
Start with the current disruption in the economy caused due to covid-19 pandemic.
The answer body must have the following aspects covered:
Discuss India’s growth strategy before the policy of self-reliance (Atmanirbharta); Import substituting growth strategy of the 1960s, Trade-led catch-up growth strategy of the 1990s. Explain that this strategy is petering out due to the process of de-globalization, reduction in the demand for exports, and reduced service exports from the tourism, travel and hospitality sector due to COVID.
Then explain the intended benefits of achieving Atmanirbharta in various sectors; take cues from the article.
Conclude with way forward as to what needs to be done to realize the full potential of Atmanirbharta.