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Examine the reasons behind the India’s record performance with respect to its exports. Suggest steps that are needed to sustain this level of exports in the future. (250 words)

Topic:  changes in industrial policy and their effects on industrial growth.

3. Examine the reasons behind the India’s record performance with respect to its exports. Suggest steps that are needed to sustain this level of exports in the future. (250 words)

Difficulty level: Easy

Reference: livemint

 

Why the question: By 21 March, India had exported goods worth $400 billion this financial year, reaching the landmark for the first time, and clocking 37% growth over exports of $291 billion in FY21.

Key Demand of the question: To write about the reasons for India’s record growth in its exports and suggest measures to sustain it.

Directive word: 

Examine – When asked to ‘Examine’, we must look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.

Structure of the answer:

Introduction: 

Begin the answer by giving context to India’s export performance.

Body:

First, write about the reasons for the performance – protection offered to domestic manufacturing, fiscal subsidies, productivity linked incentives under the ‘Atmanirbhar Bharat’ and ‘Make In India’ and increasing merchandise trade etc.

Next, write about the steps that are needed to sustain this growth in exports – emphasising on export competitiveness, focus on small and labour-intensive firms and removing supply chain bottlenecks etc.

Conclusion:

Conclude with a way forward.