GS3
The Indian economy and major world economies like USA, UK experienced a slowdown in growth in recent times. This slowdown, however, was momentary for Indian economy (GDP growth 7-8%) and unlike other Western economies. I agree with the assertion 'Indian economy remains insulated from recessionary trends' for the following reasons - Q2. The WTO was created in 1995 as a successor to GATT with aim of expanding free trade between developed and developing countries. Yet, its functioning has been marred with disputes between countries.
Answered by 1 topper · CSE 2024
Syllabus: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
How toppers approached it
From 0 of the 1 answers.
Opening
Not measured yet.
Body
Not measured yet.
Close
Not measured yet.
The toppers’ answers
More on Macroeconomic Indicators
Growth, GDP, inflation, the current account, employment and unemployment data, and what an indicator does or does not capture.
- Discuss the perceived successes and challenges of implementing inflation targeting under the new Monetary Policy Committee (MPC) regime.13 answers
- Securities and Exchange Board of India (SEBI) plays an important role in the regulation of the share market and safeguarding the interests of investors. In the light of given statement, highlight the challenges faced by the SEBI and suggest reforms in this regard.13 answers
- What do you understand by Windfall tax? Do you think that windfall taxes can effectively redistribute wealth and promote greater economic equality?13 answers
- The Reserve Bank of India’s surplus transfers offer the government much-needed fiscal space, yet they are not without challenges. Critically examine the implications of the RBI’s surplus transfers to the government.11 answers
- Analyse the factors that have contributed to India's inclusive economic growth in the past decade.11 answers