UPSC Exam > UPSC Videos > Economy Overview- Prelims Crash Course
Economy Overview- Prelims Crash Course Video Lecture - UPSC
FAQs on Economy Overview- Prelims Crash Course Video Lecture - UPSC
| 1. What is the current state of the Indian economy? |  |
Ans. The Indian economy has been hit hard by the COVID-19 pandemic. The GDP contracted by 7.7% in 2020-21, however, the economy showed signs of recovery in the last quarter of 2020-21, with a growth of 1.6%. The government has taken various measures to revive the economy, such as the Aatmanirbhar Bharat Abhiyan, and is focusing on boosting domestic demand and increasing public investment.
| 2. What is the impact of the pandemic on the Indian job market? | |
Ans. The COVID-19 pandemic has significantly impacted the Indian job market. According to the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in India reached a record high of 23.5% in April 2020. Although the rate has come down since then, it is still higher than pre-pandemic levels. The pandemic has also resulted in job losses, especially in the informal sector.
| 3. How has the Indian government responded to the economic impact of the pandemic? | |
Ans. The Indian government has taken several steps to mitigate the economic impact of the pandemic. It announced a stimulus package of Rs 20 lakh crore ($266 billion) under the Aatmanirbhar Bharat Abhiyan, which focused on providing relief to various sectors such as MSMEs, agriculture, and infrastructure. The government also announced a Rs 1.7 lakh crore ($23 billion) relief package for the poor and vulnerable sections of the society.
| 4. What is the current state of inflation in India? | |
Ans. The inflation rate in India has been on the rise in recent months. The Consumer Price Index (CPI) inflation rate rose to 6.3% in May 2021, which was higher than the RBI's target range of 2-6%. The rise in inflation has been attributed to the increase in food and fuel prices, supply chain disruptions due to the pandemic, and other global factors.
| 5. How has the Indian government planned to boost infrastructure development in the country? | |
Ans. The Indian government has announced various measures to boost infrastructure development in the country. The National Infrastructure Pipeline (NIP) was launched in 2019 with a target of investing Rs 111 lakh crore ($1.5 trillion) in infrastructure projects across various sectors by 2025. The government has also announced plans to monetize assets of various public sector enterprises to fund infrastructure development. Additionally, the government has announced plans to set up a development finance institution to provide long-term financing for infrastructure projects.
Related Exams
About this Video
|
14.7K Views |
|
4.70/5 Rating |
|
Dec 28, 2024 Last updated |
Economy Overview- Prelims Crash Course for UPSC2024 is part of UPSC preparation. The notes and questions for Economy Overview- Prelims Crash Course
have been prepared according to the UPSC exam syllabus. Information about Economy Overview- Prelims Crash Course covers all important topics
for UPSC2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises
and tests below for Economy Overview- Prelims Crash Course.
Description
Video Lecture & Questions for Economy Overview- Prelims Crash Course Video Lecture - UPSC - UPSC full syllabus preparation | Free video for UPSC exam.
Information about Economy Overview- Prelims Crash Course
Here you can find the Economy Overview- Prelims Crash Course defined & explained in the simplest way possible. Besides explaining types of Economy Overview- Prelims Crash Course
theory, EduRev gives you an ample number of questions to practice Economy Overview- Prelims Crash Course tests, examples and also practice UPSC tests.
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Viva Questions
,video lectures
,shortcuts and tricks
,Semester Notes
,Summary
,Economy Overview- Prelims Crash Course Video Lecture - UPSC
,MCQs
,Sample Paper
,past year papers
,study material
,Extra Questions
,Economy Overview- Prelims Crash Course Video Lecture - UPSC
,mock tests for examination
,Free
,Objective type Questions
,practice quizzes
,Exam
,Important questions
,ppt
,Economy Overview- Prelims Crash Course Video Lecture - UPSC
,Previous Year Questions with Solutions
;
Study Economy Overview- Prelims Crash Course on the App
Students of UPSC can study Economy Overview- Prelims Crash Course alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Economy Overview- Prelims Crash Course,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Economy Overview- Prelims Crash Course is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup