Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
5. Do you think India should turn away from supply-side measures and pursue demand-side policies to address poverty and unemployment in India? Critically analyse. (250 words)
Difficulty level: Tough.
Reference: Indian Express
Why the question:
In early November, three troubling reports came in. Approximately 5.46 million Indians lost their jobs in October as per CMIE data.
Key Demand of the question:
To write about the need to re-examine the policy approach towards tackling poverty and unemployment in India.
Directive word:
Critically analyze – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a balanced judgment on the topic.
Structure of the answer:
Introduction:
Start by giving statistics about prevailing poverty and unemployment in India.
Body:
In the first part, mention the approach taken so far. The supply side policy measures taken by the government. Mention their shortcomings.
Next, write about the difference a policy which takes on the demands side approach towards poverty and unemployment in India. Write about its pros and cons.
Conclusion:
Conclude with way forward as to how India approach should be after covid-19 worsening poverty and unemployment in India.
