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Economic Survey- 2 Video Lecture | Crash Course for UPSC Aspirants
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FAQs on Economic Survey- 2 Video Lecture - Crash Course for UPSC Aspirants
| 1. What is the purpose of the Economic Survey? |  |
Ans. The Economic Survey is an annual document prepared by the government of a country that provides an in-depth analysis of the current state of the economy. It presents key economic indicators, policy recommendations, and future prospects. The purpose of the Economic Survey is to assist policymakers in making informed decisions and to provide a comprehensive understanding of the economic landscape.
| 2. What are the key highlights of the Economic Survey-2? | |
Ans. The key highlights of the Economic Survey-2 include:
1. The economy is projected to grow at a rate of 7% in the current fiscal year.
2. The agriculture sector is expected to rebound with a growth rate of 3%.
3. Inflation is likely to remain under control, with the Consumer Price Index (CPI) estimated at 4%.
4. The fiscal deficit is projected to be around 3.5% of GDP.
5. The survey emphasizes the need for structural reforms to boost investment and job creation.
| 3. What are the major challenges highlighted in the Economic Survey-2? | |
Ans. The major challenges highlighted in the Economic Survey-2 are:
1. Slowdown in global trade and uncertainties in the global economy.
2. High unemployment rate and lack of job creation.
3. Declining private investment and low consumer demand.
4. Agricultural distress due to weather-related factors and low productivity.
5. Rising non-performing assets (NPAs) in the banking sector.
| 4. What are the policy recommendations proposed in the Economic Survey-2? | |
Ans. The policy recommendations proposed in the Economic Survey-2 are:
1. Implementing structural reforms to improve the ease of doing business.
2. Encouraging investment in research and development (R&D) to foster innovation.
3. Strengthening the banking sector by addressing the issue of non-performing assets (NPAs) and improving credit flow.
4. Promoting job creation through skill development and entrepreneurship.
5. Enhancing agricultural productivity by investing in irrigation, technology, and market infrastructure.
| 5. How does the Economic Survey-2 assess the impact of government schemes on the economy? | |
Ans. The Economic Survey-2 assesses the impact of government schemes on the economy by analyzing various parameters such as employment generation, infrastructure development, financial inclusion, and social welfare. It evaluates the effectiveness of these schemes in achieving their objectives and identifies areas for improvement. The survey also examines the fiscal implications of these schemes and analyzes their contribution to economic growth and development.
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Nov 16, 2024 Last updated |
Video Description: Economic Survey- 2 for UPSC 2024 is part of Crash Course for UPSC Aspirants preparation.
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