GS3
Recent Economic Survey highlighted fiscal deficit of 5.6%. Critically analyze the reasons and consequences of high fiscal deficit. Suggest measures for fiscal consolidation. 2. Discuss the potential of and challenges to capital investment in achieving a $7 trillion economy. 3. Analyze the opportunities and challenges associated with peri-urban agriculture in the context of increasing urbanization in India.
Answered by 1 topper · CSE 2023
Syllabus: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
How toppers approached it
From the one answer · about 450 words · 100% drew a diagram.
Opening
- A figure1 of 1
Body
- Points1 of 1
Close
- A way forward1 of 1
The toppers’ answers
More on Fiscal Policy and Budgeting
The Union and State budgets, fiscal deficit, FRBM, off-budget borrowing, counter-cyclical spending, devolution of revenue.
- What do you understand by Windfall tax? Do you think that windfall taxes can effectively redistribute wealth and promote greater economic equality?13 answers
- To what extent was the first National Monetization Pipeline (NMP) able to meet its objectives? What are the objectives of the new Asset Monetization Plan 2025–30 as announced in the recent 2025 Budget?11 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
- Highlighting the factors contributing to high fiscal deficit in India, discuss the potential consequences of such deficit and suggest measures to ensure fiscal consolidation.9 answers
- The recent push towards gender budgeting in the Government Budget reflects its importance for women empowerment. What are the recent initiatives towards gender budgeting in India and their importance?6 answers