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Introduction - Indian Economy Video Lecture | Crash Course for UPSC (English)
FAQs on Introduction - Indian Economy Video Lecture - Crash Course for UPSC (English)
| 1. What is the current state of the Indian economy? |  |
Ans. The current state of the Indian economy is facing challenges due to the COVID-19 pandemic. The country experienced a significant contraction in economic growth during the lockdown period. However, it is gradually recovering, and various government measures have been implemented to revive the economy.
| 2. How has the COVID-19 pandemic affected the Indian economy? | |
Ans. The COVID-19 pandemic has had a severe impact on the Indian economy. The nationwide lockdown resulted in disruptions across various sectors, including manufacturing, services, and agriculture. This led to job losses, reduced consumer spending, and a decline in overall economic growth.
| 3. What measures has the government taken to revive the Indian economy? | |
Ans. The Indian government has implemented several measures to revive the economy. These include providing financial support to businesses, implementing structural reforms, stimulating demand through increased government spending, and facilitating ease of doing business. The government has also introduced various schemes and initiatives to boost specific sectors like agriculture, MSMEs, and infrastructure.
| 4. What are the key sectors driving the recovery of the Indian economy? | |
Ans. The key sectors driving the recovery of the Indian economy include agriculture, manufacturing, and services. The agriculture sector has shown resilience during the pandemic, with a good monsoon season and increased government support. The manufacturing sector is gradually recovering as lockdown restrictions ease, and the services sector, especially information technology and e-commerce, has seen a surge in demand.
| 5. How is the Indian government addressing the unemployment crisis caused by the pandemic? | |
Ans. The Indian government has taken several steps to address the unemployment crisis caused by the pandemic. This includes launching the Atmanirbhar Bharat Rozgar Yojana to incentivize job creation, providing financial assistance to MSMEs to retain their employees, and implementing skill development programs to enhance employability. The government is also focusing on infrastructure development and promoting entrepreneurship to generate employment opportunities.
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Nov 15, 2024 Last updated |
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