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Economic Survey 2020-21: Volume 1- Part 3 Video Lecture | Economic Survey & Government Reports - UPSC
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FAQs on Economic Survey 2020-21: Volume 1- Part 3 Video Lecture - Economic Survey & Government Reports - UPSC
| 1. What is the Economic Survey 2020-21? |  |
Ans. The Economic Survey 2020-21 is an annual document presented by the Government of India before the Union Budget. It provides an analysis of the state of the economy, major policy developments, and suggestions for future reforms.
| 2. What is the purpose of the Economic Survey? | |
Ans. The Economic Survey aims to provide an assessment of India's economic performance in the previous year and identify key challenges and opportunities. It also offers policy recommendations to address the identified issues and achieve sustainable economic growth.
| 3. What are the key highlights of the Economic Survey 2020-21? | |
Ans. The key highlights of the Economic Survey 2020-21 include the impact of the COVID-19 pandemic on the Indian economy, the sharp contraction in GDP growth, the recovery in various sectors, the fiscal deficit, the government's response to the crisis, and the need for structural reforms.
| 4. How does the Economic Survey analyze the impact of COVID-19 on the economy? | |
Ans. The Economic Survey analyzes the impact of COVID-19 on the economy by examining the disruptions caused in different sectors, such as manufacturing, services, and agriculture. It also assesses the effectiveness of the government's relief measures, the role of monetary policy, and the challenges faced in reviving the economy.
| 5. What policy recommendations are provided in the Economic Survey 2020-21? | |
Ans. The Economic Survey 2020-21 provides policy recommendations to address the challenges faced by the Indian economy. These recommendations include enhancing healthcare infrastructure, boosting investment in infrastructure, undertaking labor reforms, promoting digitalization, improving ease of doing business, and ensuring sustainable development.
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Dec 18, 2024 Last updated |
Video Description: Economic Survey 2020-21: Volume 1- Part 3 for UPSC 2024 is part of Economic Survey & Government Reports preparation.
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