India’s growth story is scripted by demand which has been tapering off. The new source of demand could be those at the bottom of the income structure. Suggest the strategies to increase the income of this group which could then translate into demand. 10 marks

Mentor’s comment-
  • In the intro, mention how India’s growth has been fueled by the robust demand.
  • In the body, mention how the demand was from the upper strata of the income. Due to falling demand from that section, there is a need to increase the demand from the lower-income group for which their income needs to be increased. In strategies, suggest increasing minimum wage across all the sectors, increasing the minimum income in public work programs like MGNAREGA, providing employment opportunity through other schemes, skill education etc.
  • Conclude by drawing parallels with China in which domestic demand helped the industry expand.
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3 years ago

Please review

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3 years ago

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