Topic: changes in industrial policy and their effects on industrial growth.
5. Despite the global economic recovery, India’s exports have been consistently declining, impacting the country’s trade balance and economic growth, which is a cause for concern. Explain the measures that are needed to be taken in order to improve exports from India and reverse the declining trend. (250 words)
Difficulty level: Tough
Reference: The Hindu , Insights on India
Why the question:
The article highlights the significance of India’s exports for the country’s economic growth and calls for concerted efforts from the government and industry stakeholders to overcome the hurdles and revive the export sector to achieve sustainable growth.
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:
Explain – Clarify the topic by giving a detailed account as to how and why it occurred, or what is the context. You must be defining key terms wherever appropriate and substantiate with relevant associated facts.
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.
