Economy

The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding borrowing. Current account deficit is when country’s export of goods, services and transfers are lesser than its imports of goods, services and transfers.   Impacts of Fiscal deficit: If unchecked it will lead to crowding out effect, manipulation of … Read more DMPQ: Why twin deficit is a concern for any economy? Outline the methods adopted by Government of India to deal with twin deficit.

Due to globalization, the economies of world are more inter-connected than ever. With increased growth of economic activities around the world, it has impacted India’s GDP in several ways.   How global economic environment affects GDP of India: Global crisis will severely affect certain sector, which will then have spill over effects there by affecting … Read more DMPQ: Although India is one of the fastest growing economy the global environment is not conducive enough. Explain the interdependence of global economy with Indian economy.

Dear below is the list of questions furnished in Economy section of DMPQ

Financial inclusion refers to delivery of financial services, including banking services and credit, at an affordable cost to the vast sections of disadvantaged and low-income groups who tend to be excluding.   Financial inclusion can lead to inclusive growth in following ways:   Formalization of economy:    A well spread out financial system engenders economic … Read more DMPQ: What is financial inclusion? How financial inclusion can lead to inclusive growth? ( economy)

Bharatmala is an ambitious project to improve the road infrastructure in the country. It is an umbrella project under the Ministry of road transport and highways. It will subsume the unfinished project under National Highway development programme.   Under the plan the government intends to develop 83,677 km of highways and roads at an investment … Read more DMPQ: A healthy infrastructure is  must for a sustained economic growth. Bharatmala project was one of the step towards healthy infrastructure. What is Bharatmala project? What are the challenges in its implementation? ( Govt. Schemes)

With growing sectors like automotive components, pharmaceuticals, cement, textiles, FMCG and e-commerce, there was the need of the healthy and efficient logistics sector. India rank 35 out of 160 in the logistics performance index. ( This is quite low). Hence GOI recently granted infrastructure status to the logistics.   Major benefits attached by granting infra. … Read more DMPQ: Recently infrastructure status was given to the logistics sector? Analyse the advantages and major hurdles. (economy)

India’s growth period has not been able to create job opportunities and hence sometimes it is termed as jobless growth.  According to a report of CII, 12 million are entering into work force annually. This figure reaches to 18-19 million if we count the people leaving the already saturated agriculture sector. But catch lies in … Read more DMPQ: DMPQ: Unutilised employment potential in the phase of demographic transition will only lead to demographic catastrophe. Explain the cause of Unemployment in India. Steps taken by India to tackle unemployment.

On 8th Nov, 2016 86% of the currency in circulation was declared as not legal tenders.   The stated objective of demonetisation was : Reduction of black money Achieving lower cash/ gdp ration An attack on fake currency To stop terror financing Increasing digital transactions Increasing tax net   Positive effects of  Demonetisation are as … Read more DMPQ: What were the objectives of Demonetisation? What were the positive effects?

Investment – For sustaining high growth, the economy need to continuously add to its “production capacity” through new investment flows. • Productive investment is money that is spent for – building roads, ports (and other public infrastructure), factories, and workforce quality enhancement. • Currently, India is seeing a sharp decline in the rate of investments … Read more DMPQ: Even though Indian economy is growing at a rate of 7% GDP, but still it has some  Inherent vulnerabilities? Discuss