Growth must not only be consumption-driven but also investment driven. It is the latter which in a developing economy can sustain growth over a long period. In light of this, suggest the policy imperatives that India should follow to make good of the decline in 2020-2021. 10 marks

Mentor’s comment-
  • In the intro, mention figures of economic loss due to the pandemic.
  • In the body, mention how India needs to grow at 8% in 2021-2022 to compensate for the economic loss owing to the pandemic. In the next part, discuss the various policies as mentioned in the article like increased government spending in lead sectors, focus on exports, suitable monetary policy, encouraging private investments etc.
  • Conclude by mentioning the importance of following these steps to ensure the resilient growth in the future.
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3 years ago
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3 years ago

Please review

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