Tag: National Income accounting

Posted on

Explain the role of Gross Value Added (GVA) in national income estimation. Critically examine its limitations in reflecting real economic activity.

Topic: National Income Accounting: Q5. Explain the role of Gross Value Added (GVA) in national income estimation. Critically examine its limitations in reflecting real economic activity. (10 M) Difficulty Level: Medium Reference: InsightsIAS Why the question Relevant in the context of debates on reliability of national income estimates and increasing use of GVA in policy …

Continue reading “Explain the role of Gross Value Added (GVA) in national income estimation. Critically examine its limitations in reflecting real economic activity.”

Posted on

Analyse how integration of GST return data refines the estimation of Gross Value Added (GVA). Discuss its implications for sectoral productivity analysis. Evaluate associated data challenges.

Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q5. Analyse how integration of GST return data refines the estimation of Gross Value Added (GVA). Discuss its implications for sectoral productivity analysis. Evaluate associated data challenges. (15 M) Difficulty Level: Difficult Reference: NIE Why the question The revision of …

Continue reading “Analyse how integration of GST return data refines the estimation of Gross Value Added (GVA). Discuss its implications for sectoral productivity analysis. Evaluate associated data challenges.”

Posted on

Distinguish between GDP at factor cost and GDP at market prices. Examine their relevance for fiscal policymaking in India.

Topic: National Income Accounting Q6. Distinguish between GDP at factor cost and GDP at market prices. Examine their relevance for fiscal policymaking in India. (10 M) Difficulty Level: Medium Reference: InsightsIAS Why the question National income indicators form the basis of fiscal planning, deficit targeting, and tax policy in India, especially after the shift to …

Continue reading “Distinguish between GDP at factor cost and GDP at market prices. Examine their relevance for fiscal policymaking in India.”

Posted on

Despite the robustness of GDP as a measure, it fails to capture the informal sector adequately. Discuss the implications of this limitation. Suggest alternatives for more inclusive national income accounting.

Topic: National Income Accounting Q5. Despite the robustness of GDP as a measure, it fails to capture the informal sector adequately. Discuss the implications of this limitation. Suggest alternatives for more inclusive national income accounting. (15 M) Difficulty Level: Medium Reference: InsightsIAS Why the question The informal sector, which forms the backbone of India’s employment …

Continue reading “Despite the robustness of GDP as a measure, it fails to capture the informal sector adequately. Discuss the implications of this limitation. Suggest alternatives for more inclusive national income accounting.”