Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
4. Service sector has undergone a great evolution which in turn has given it the independent status of the productive sector of the country. It can play a vital part in India achieving the goal of five trillion-dollar economy. Discuss. (250 words)
Difficulty level: Easy
Reference: Indian Express , Insights on India
Why the question:
India’s aspiration to become a $5-trillion economy is predicated on the growth of its international trade to $2 trillion by 2030, equally contributed to by merchandise and services.
Key Demand of the question:
To write about the importance of service sector and its role in India achieving the goal of 5 trillion-dollar economy.
Directive word:
Discuss – This is an all-encompassing directive – you must debate on paper by going through the details of the issues concerned by examining each one of them. You must give reasons for both for and against arguments.
Structure of the answer:
Introduction:
Start with brief background of the context of the question.
Body:
In the first part, explain that the service sector in India has played a critical role in helping it deal with the Covid-19 crisis. Had it not been for digital platforms, (hundreds were created overnight by both large and small Indian IT companies), school and college students would not have been able to attend classes and continue with their education.
Next, write about how service sector is vital to India’s goal of five trillion-dollar economy. And measures needed in this regard to further leverage it.
Conclusion:
Conclude with a way forward.
