Topic: changes in industrial policy and their effects on industrial growth.
5. Exports help a nation grow and are incredibly important to modern economies because they offer people and firms many more markets for their goods. Examine the reasons for declining trends in Indian exports and suggest measures to improve exports from India. (250 words)
Difficulty level: Tough
Reference: The Hindu , Insights on India
Why the question:
India’s goods exports rebounded from a nearly 17% dip in October to a mild 0.6% uptick in November. While the value of exports recovered to $32 billion from $29.8 billion in October, it is still significantly below the $39 billion averaged between April and September. Imports growth moderated to 5.4% with the value of shipments slipping to $55.9 billion — a level last seen in February 2022.
Key Demand of the question:
To write about the reasons for declining India’s exports and suggest measures to improve it amidst uncertainty.
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 declining trends in Indian exports.
Next, write about the steps that are needed to overcome the above slump– emphasising on export competitiveness, focus on small and labour-intensive firms and removing supply chain bottlenecks etc.
Conclusion:
Conclude with a way forward.
