AIR 46 · CSE 2022 · GS3 · 56 pages

Manan Agarwal: GS3 answer copy

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

The questions

The answers

Question 1 · 10 marks · 163 words written

Fiscal policy can be a key tool to reduce income inequality as well as make the poorest and the downtrodden a part of the country's growth story. Discuss in the context of India.

Opening · a definition

Fiscal policy refers to the policies undertaken by Government of India through various taxes, subsidies, incentives, etc.

Fiscal policy: Key Tool to reduce Income Inequality

Body · points

  1. Cash transfers to the poor and vulnerable sections e.g. PM-KISAN
  2. Boosting learning outcomes
Diagram
Better education -> Higher employability -> Higher income

e.g. Samagra Shiksha Abhiyan 3. Ensuring progressive taxation e.g. Income tax regime in India GST exemption on poor man's goods e.g. wheat 4. Subsidy on LPG, kerosene e.g. PM Ujjwala Yojana 5. Housing for All e.g. PM Awas Yojana

Fiscal Policy: Make Poorest Part of Country's Growth Story

  1. Skilling and training workforce e.g. Skill India Mission, PM Kaushal Vikas

  2. Ensuring access to cheap credit e.g. MUDRA, StandUp India

  3. Providing formal employment to all e.g. PM Rozgar Protsahan Yojana, EPFO

  4. Evolving cooperatives sector & use of civil society e.g. DAY- NRLM, SHG-Bank Linkage

  5. Universal social security fund under revamped Labour Codes

Close · a summary

Thus, India's fiscal policy is a key tool to achieving goal of inclusive growth and $5 trillion economy.