A topper · GS3 · 56 pages

Pawan Kumar Pandey: GS3 answer copy

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

The questions

The answers

Question 1 · 10 marks · 241 words written

Analyse the factors that have contributed to India's inclusive economic growth in the past decade.

Opening · a definition

Inclusive growth is defined as growth in which dividends of growth is equitably distributed having no one behind.

Body · points and prose

Success in India's inclusive growth

  1. massive poverty reduction - 24.8 Cr. people out of poverty - NITI Aayog (2013-14 to 2022-23)
  2. financial inclusion - over 52.2 Cr. unbanked population banked
  3. reduced inequality - Gini coefficient down to 0.25 (World Bank)

Factors that contributed to India's inclusive growth

  1. poverty reduction schemes → free food grain - PM- Anna Yojana → DBT transfer for subsidies under PM-KISHAN, Ujjawala etc. → Capital via Mudra yojana

  2. manufacturing boost - creation of more than 14 lakh jobs via PLI, electronic manufacturing (2nd largest)

  3. digitisation of economy using JAM trinity and UPI (over 40% of all real time digital transaction of world - by volume)

  4. job creation via export growth - over 750 Billion USD of exports in electronics, refineries etc.

  5. entrepreneurship - startups in tier 2, 3 cities

  6. focus on marginalised sections through SHGs (E-shakti mission), Startup India, Standup India (Capital to SC, ST children)

Close · a vision

Lacunaeway forward
1) agricultural un-productivity - disguised1) massive low/medium scale manufacturing
2) lack of labour intensive industries2) rural industrialization - curb distress migration
3) low skill - only 50% of population3) skilling of youth

Inclusive growth is must for Viksit Bharat by 2047.