UPSC Exam > UPSC Videos > Economic Survey & Government Reports > Economic Survey Lecture 6: Services ( Source of Strength) & External Sector (Watchful & Hopeful)
Economic Survey Lecture 6: Services ( Source of Strength) & External Sector (Watchful & Hopeful) Video Lecture | Economic Survey & Government Reports - UPSC
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FAQs on Economic Survey Lecture 6: Services ( Source of Strength) & External Sector (Watchful & Hopeful) Video Lecture - Economic Survey & Government Reports - UPSC
| 1. What is the significance of the services sector as a source of strength in the economy according to the Economic Survey lecture? |  |
Ans. The services sector plays a crucial role in the economy by contributing significantly to GDP growth, employment generation, and export earnings. It is considered a source of strength due to its resilience and potential for driving economic growth.
| 2. How does the External Sector fare in the Economic Survey lecture, and what is the outlook for it? | |
Ans. The External Sector is described as watchful and hopeful in the Economic Survey lecture. It highlights the need to monitor external vulnerabilities while remaining optimistic about opportunities for growth and stability in the global economy.
| 3. What are some key challenges faced by the services sector mentioned in the Economic Survey lecture? | |
Ans. Some key challenges faced by the services sector include regulatory bottlenecks, lack of skilled workforce, infrastructure constraints, and technological disruptions. These challenges need to be addressed to unlock the full potential of the services sector.
| 4. How does the services sector contribute to job creation and income generation in the economy? | |
Ans. The services sector is a major source of job creation and income generation in the economy. It provides employment opportunities across a wide range of industries, including IT, hospitality, healthcare, and financial services, leading to higher incomes and improved living standards for workers.
| 5. What are some key recommendations provided in the Economic Survey lecture to boost the performance of the services sector and enhance its contribution to the economy? | |
Ans. Some key recommendations include streamlining regulations, investing in skill development programs, improving infrastructure, promoting innovation and technology adoption, and enhancing market access for service providers. These measures can help unlock the full potential of the services sector and drive economic growth.
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Jan 06, 2025
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