AIR 43 · CSE 2018 · GS3 · 52 pages

Akshay Agrawal: GS3 answer copy

20 answers by Akshay Agrawal, as written in the test. Each question opens a page with how other toppers answered it.

The questions

The answers

Question 1 · 10 marks · 112 words written

What are the implications of India's higher Growth despite Investments slowdown and falling Exports? Suggest some measures to make Indian Exports further competitive.

Opening

India has been the fastest growing major economy of the world for most of the time in the past few years. India's growth in the recent times has been an anomaly given its investments slowdown and falling exports.

Investment slowdown: Investments reached a peak in 2007-08 following which there has been a downward trend to this day (35% in 2007 → ~25% in 2017 : GFCF/GDP).

Exports: Saw a very little growth, negative in 2015 → owing to falling global demand.

Implications for India:

Body · points

  1. Consumption-led growth does not create income-earning assets for the future growth.
  2. No physical capital formation which results into poor prospects of growth, incomes & living standards.

Close · no separate close

None written.