UPSC Mains PYQs: Economic Development

Distinguish between capital budget and revenue budget. Explain the components of both these Budgets.

Do you agree that the Indian economy has recently experienced a V-shaped recovery? Give reasons in support of your answer.

Explain the difference between computing methodology of India's gross domestic product (GDP) before the year 2015 and after the year 2015.

Investment in infrastructure is essential for a more rapid and inclusive economic growth. Discuss in the light of India's experience.

Define potential GDP and explain its determinants. What are the factors that have been inhibiting India from realizing its potential GDP?

Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017. How has COVID-19 impacted the GST compensation fund and created new federal tensions?

Explain intra-generational and inter-generational issues of equity from the perspective of inclusive growth and sustainable development.

Describe the benefits of deriving electric energy from sunlight in contrast to the conventional energy generation. What are the initiatives offered by our Government for this purpose?

What are the challenges and opportunities of food processing sector in the country? How can income of the farmers be substantially increased by encouraging food processing?

Explain the meaning of investment in an economy in terms of capital formation. Discuss the factors to be considered while designing a concession agreement between a public entity and a private entity.

Elaborate on the policy taken by the government of India to meet the challenges of the food processing sector.

Enumerate the indirect taxes which have been subsumed in the Goods and Services Tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017.

Do you agree with the view that steady GDP growth and low inflation have left the Indian economy in good shape? Give reasons in support of your arguments.

It is argued that the strategy of inclusive growth is intended to meet the objectives of inclusiveness and sustainability together. Comment on this statement.

The public expenditure management is a challenge to the government of India in the context of budget-making during the post-liberalization period. Clarify it.

How would the recent phenomena of protectionism and currency manipulations in world trade affect macroeconomic stability of India?

Access to affordable, reliable, sustainable and modern energy is the sine qua non to achieve Sustainable Development Goals (SDGs). Comment on the progress made in India in this regard.

Comment on the important changes introduced in respect of the Long-term Capital Gains Tax (LCGT) and Dividend Distribution Tax (DDT) in the Union Budget for 2018-2019.

With growing energy needs should India keep on expanding its nuclear energy programme? Discuss the facts and fears associated with nuclear energy.

How are the principles followed by the NITI Aayog different from those followed by the erstwhile Planning Commission in India?