With most of the Western world in a difficult economic space, India has a tremendous opportunity to surge ahead. Explain (200 Words)
Refer - Business Line
Enrich the answer from other sources, if the question demands.
IAS Parliament 1 year
KEY POINTS
· One needs to question this fundamentally, given that India has moved to the fifth largest economy in dollar terms, despite the rupee depreciation.
· The drain on the import bill of oil will come down. If the price benefit is passed on, the consumer can get a 20 per cent plus reduction in the price of fuel.
· India is struggling with a surge in prices of imported fertilisers the subsidy this year will be over Rs 200,000 crore on fertilisers.
· This can be pulled back. The high fuel cost has a cascading inflationary effect on the entire economy, and that can be moderated.
· India’s GDP in dollar terms will be at least 25 per cent higher. India will fast edge past Germany. The perception impact of this will be dramatic.
· Oil consumption is projected to increase by 3 per cent per annum. Target zero growth in time, by encouraging alternative fuels as well as conservation of oil.
· Step up all the activities that attract flow of forex/$ to the country exports, FDI inflows, tourism earnings (rebounding all over the world) et al.
· A strong rupee can turbo charge this process. The political windfall of this achievement will be dramatic.
yogendra pratap singh 1 year
Kindly Review
IAS Parliament 1 year
Try to include data to suport your answer and explain the flowchart briefly. Keep Writing.
Sivasurya 1 year
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IAS Parliament 1 year
Try to write a comprehensive conclusion. Keep Writing.
K. V. A 1 year
Pls review
IAS Parliament 1 year
Good attempt. Keep Writing.
