AIR 44 · CSE 2023 · GS3 · 53 pages

Akanchha Singh: GS3 answer copy

17 answers by Akanchha Singh, as written in the test. Each question opens a page with how other toppers answered it.

The questions

  1. Q14What are Primary Agricultural Credit Societies? Can the cooperative push alone help in achieving the twin targets of boosting rural economy and mainstreaming small and marginal farmers? (15 marks, 250 words) Q.14) How is Chandrayaan-3 different from its predecessor, Chandrayaan-2? To what extent can India's presence in Artemis Accords help in furthering the exploration of lunar surface?15 marks

The answers

Question 1 · 10 marks · 155 words written

Foreign trade is an important milestone on the path of becoming a 5 trillion USD economy. In this context, analyse the potential of the recently released Foreign Trade Policy, 2023 in revamping India's participation in global trade.

Opening · a figure

The foreign trade policy lays down target of achieving 2 trillion $ by exports till 2030. This will be an important step towards achieving target of 5 trillion $ economy.

Body · points and prose

Potential of foreign trade policy, 2023

Diagram
- Potential of foreign trade policy, 2023 - Shift from incentive to entitlement based regime - Process reengineering and automation - Creation of town of export excellence - Faridabad, Varanasi, Moradabad - Star rating of exports - 2 Star, 3 Star, 5 Star - Promotion of district as export hubs
Diagram
- eg Uttarakhand, Uttar Pradesh - One district One product - 6 Helping in skilling - Schemes → PMKVY - Skill India - 7 Facilitating e-commerce - 8 Import of capital goods at zero customs duty - EPCG scheme - 9 Duty free import of raw material under Advance authorisation scheme - 10 Amnesty scheme similar to Vivad se vishwaas

Thus, foreign trade policy attempts to improve market access, expertise of domestic players where state acts as a facilitator; overcoming shortcomings of 1992 Act.

OPS - and fiscal prudence

→ Huge burden on exchequer (9% of State expenditure) → Pension burden rising every year - (16% CAGR) → increasing longevity / life expectancy → burden to provide for spouse of the deceased → dearness allowance indexation involves year-on-year burden → State liability of OPS is said to increase 20% by 2050 → This curbes the fiscal space available to states to invest productively in Health, Education

Close · a summary

Better human capital would ensure that people are active even beyond 60 - reducing dependence on pension and relying on dynamic income sources.