Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
5. India’s economic recovery post pandemic seems to be K shaped. In this context, Discuss and suggest some policies needed for higher growth and a reduction in inequalities. (250 words)
Reference: Indian Express
Why the question:
The second wave of the pandemic is receding although it continues to have a significant adverse impact on lives, livelihoods and the economy.
Key Demand of the question:
Suggest some policies needed for higher growth and a reduction in inequalities.
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 brief background of the current covid-19 situation.
The country has to address the issue of rising inequalities for achieving higher sustainable growth and the well-being of a larger population. Inequalities were increasing earlier also, but the first and second waves of the pandemic have widened them further. The State of Working in India 2021 report of the Azim Premji University revealed that both poverty and inequality increased during the first wave.
Suggest some policies needed for higher growth and a reduction in inequalities- aggressive vaccination programme, improving the healthcare facilities in both rural and urban areas, create universal healthcare facilities for all etc.
Conclude with way ahead.