UPSC Exam > UPSC Videos > Economic Survey & Government Reports > Economic Survey 2020-21: Volume 1- Part 2
Economic Survey 2020-21: Volume 1- Part 2 Video Lecture | Economic Survey & Government Reports - UPSC
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FAQs on Economic Survey 2020-21: Volume 1- Part 2 Video Lecture - Economic Survey & Government Reports - UPSC
| 1. What is the purpose of the Economic Survey 2020-21? |  |
Ans. The purpose of the Economic Survey 2020-21 is to provide an assessment of the current state of the Indian economy and present key economic indicators, trends, and policy recommendations. It serves as a valuable resource for policymakers, economists, and researchers to understand the economic performance and challenges faced by the country.
| 2. What are the key highlights of the Economic Survey 2020-21? | |
Ans. The key highlights of the Economic Survey 2020-21 include a projected V-shaped recovery of the Indian economy, a record increase in GST collections, a strong rebound in the agricultural sector, the impact of COVID-19 on various sectors, and the need for structural reforms to sustain long-term growth.
| 3. How has the COVID-19 pandemic affected the Indian economy, according to the Economic Survey 2020-21? | |
Ans. The COVID-19 pandemic has caused a significant impact on the Indian economy, leading to a contraction in GDP growth. The Economic Survey 2020-21 highlights the disruption in various sectors such as manufacturing, services, and construction, as well as the challenges faced by businesses, labor markets, and the informal sector due to the pandemic-induced lockdowns and restrictions.
| 4. What are the policy recommendations provided by the Economic Survey 2020-21? | |
Ans. The Economic Survey 2020-21 provides several policy recommendations to address the challenges faced by the Indian economy. These include focusing on health infrastructure, promoting investment and entrepreneurship, accelerating the pace of privatization, strengthening the financial sector, enhancing the ease of doing business, and implementing structural reforms in areas like agriculture, education, and labor.
| 5. How does the Economic Survey 2020-21 assess the agricultural sector's performance? | |
Ans. The Economic Survey 2020-21 assesses the agricultural sector's performance as a bright spot in the Indian economy. It highlights the sector's resilience during the COVID-19 pandemic, with record food grain production and robust growth in agriculture and allied activities. The survey emphasizes the need for further reforms to enhance productivity, increase farmers' income, and promote sustainable agriculture practices.
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Nov 21, 2024 Last updated |
Video Description: Economic Survey 2020-21: Volume 1- Part 2 for UPSC 2024 is part of Economic Survey & Government Reports preparation.
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