Amartya Sen Model: Sen is a Nobel Prize winner in economics. In the book ‘An Uncertain Glory: India and its Contradictions’, Sen and Drèze prescribe state-led redistributive efforts as the solution to India’s problems. Sen believes that India should invest more in its social infrastructure to boost the productivity of its people and thereby raise …
NITI Aayog along with the Institute for Competitiveness has released the second edition of the India Innovation Index-2020. Facts: India Innovation Index: The first edition of the index was launched in October 2019. The Index is aimed at providing an effective tool to track the state of innovation at both the national and the state level. Objectives: The index intends …
What is III? III is a new index launched by NITI Aayog and CII. Based on the WEF’s GII (Global Innovation Index), the India Innovation Index is tailored to better reflect of India’s ground reality and include metrics well suited to the Indian context for innovation. The index has been jointly developed by NITI Aayog, …
What is Basic Income? A basic income is an income unconditionally granted to all on an individual basis, without means test or work requirement. It is a form of minimum income guarantee that differs from those that now exist in various European countries in three important ways: It is being paid to individuals rather than …
Do you think the “social impact assessment” made compulsory for all category of projects before their execution? Substantiate. (200 Words) SIA: It is scientific measurement of the projects impact on whole society at large generally and the local people displaced or suffered due to project specifically. It measures positive, negative long term and short term …
The health of economy is often gauged by the GDP and IIP figures in India. In the light of recent economic growth trend in India, examine how GDP and IIP data reflect the health of economy. (150 Words) GDP indicates the aggregate value added on products. While IIP is a composite short-term indicator of change …
When it comes to economic growth models in developing countries, some analysts think that India will become more like Mexico than China in coming years. Critically examine why. (200 Words) The International Monetary Fund’s (IMF) forecast that the India’s growth rate is likely to exceed China by 2016 has recently grabbed world attention. However, …