Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
5.The informal economy plays a pivotal role in the context of developing countries like India. Recognizing its importance, while addressing the vulnerabilities and challenges faced by its workers, is essential for balanced and inclusive economic growth and development in the country. Examine. (250 words)
Difficulty level: Moderate
Reference: Insights on India
Why the question:
The question is part of the static syllabus of General studies paper – 3 and mentioned as part of Mission-2024 Secure timetable.
Key Demand of the question:
To analyse the informal sector in India, its importance and the necessary measures to protect the employees in the informal sector.
Directive word:
Examine – When asked to ‘Examine’, we must investigate 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 by giving context.
Body:
First, write about the importance of the informal sector.
Next, write about the various issues in the informal sector. write about the impact of the above issues. Cite statistics and examples to substantiate.
Next, mention that are needed to address the above mentioned issues.
Conclusion:
Conclude by writing a way forward.
