UPSC Mains Previous Year Questions – Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

Syllabus: GS 3 – Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

Discuss the rationale for introducing the Goods and Services Tax (GST) in India. Bring out critically the reasons for the delay in roll out for its regime.2013
“While we flaunt India’s demographic dividend, we ignore the dropping rates of employability.” What are we missing while doing so? Where will the jobs that India desperately needs come from? Explain.2014
Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of the Gold Monetization Scheme.2015
“Success of ‘Make in India’ programme depends on the success of ‘Skill India’ programme and radical labour reforms.” Discuss with logical arguments.2015
Account for the failure of manufacturing sector in achieving the goal of labour- intensive exports rather than capital-intensive exports. Suggest measures for more labour-intensive rather than capital-intensive exports2017
How would the recent phenomena of protectionism and currency manipulations in world trade affect macroeconomic stability of India?2018
How are the principles followed by the NITI Aayog different from those followed by the erstwhile Planning Commission in India?2018
Enumerate the indirect taxes which have been subsumed in the goods and services tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017.2019
Do you agree with the view that steady GDP growth and low inflation have left the Indian economy in good shape? Give reasons in support of your arguments.2019
Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017. How has COVID-19 impacted the GST compensation fund and created new federal tensions?2020
Define potential GDP and explain its determinants. What are the factors that have been inhibiting India from realizing its potential GDP?2020
Explain the difference between computing methodology of India’s Gross Domestic Product (GDP) before the year 2015 and after the year 2015.2021
Do you agree that the Indian economy has recently experienced V- shapes recovery? Give reasons in support of your answer.2021
“Economic growth in the recent past has been led by increase in labour activity.” Explain this statement. Suggest the growth pattern that will lead to creation of more jobs without compromising labour productivity.2022
Faster economic growth requires increased share of the manufacturing sector in GDP, particularly of MSMEs. Comment on the present policies of the Government in this regard.2023
What is the status of digitalization in the Indian economy? Examine the problems faced in this regard and suggest improvements.2023
Most of the unemployment in India is structural in nature. Examine the methodology adopted to compute unemployment in the country and suggest improvements2023
Faster economic growth requires increased share of the manufacturing sector in GDP, particularly of MSMEs. Comment on the present policies of the Government in this regard.2023

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