Mentor’s comment-
- https://economictimes.
indiatimes.com/news/economy/ indicators/india-amongst-the- most-unequal-countries-in-the- world-report/articleshow/ 88141807.cms?from=mdr - https://www.thehindu.com/
opinion/op-ed/the-wtos- challenge-to-msp-is-another- frontier-to-cross/ article37972234.ece - In the intro mention the World Inequality Report 2022 mentioning India among one of the most unequal countries.
- In the body, mention concentration of wealth and income in few hands its implications for government finances and ultimately resulting in lack of resources for welfare measures.
- Conclude by mentioning the measures to curb the rising inequality by policy measures such as tax reforms.
IVSFuASDoUbOAg
Rohit
Intro is good, but after that mention some more points to substantiate the first statement.
You can mention rising number of billionaires, increase in absolute GDP, rise in debt of countries as well as fiscal deficit. Use data to make your points more impactful.
Impact of pandemic can also be mentioned especially on poorer sections.
Next part is written well. Use pointwise format for better presentation. Taxation related data can be mentioned for better impact(% of income tax payers).
Measures to increase corporate taxation and reduce the effect of base erosion and profit shifting(minimum corporate tax) can also be incorporated.
Conclusion is fine.
Keep practicing, try to enrich content by adding various dimensions. 🙂
@staff
not checked @staff
Muskan
Introduction is good.
Next part on rising inequality is also fine, incorporate data to enrich your answers, increase in absolute GDP, rising number of billionaires can be mentioned.
In next part, too mention figures on increasing debt and fiscal deficit. Other points are good, mention of pandemic related issues are also fine.
Also, a section on how to increase govt finances should be written- here you can mention about low taxation in India(% of income tax payers), measures to increase corporate taxation and reduce the effect of base erosion and profit shifting(minimum corporate tax) can also be incorporated, reducing leakage in subsidies and e-governance can be mentioned.
Conclusion is good.
Keep writing. 🙂
Razorpay: I8GfoK9Ze5ifgl
Nandhini
Introduction is fine, points about rising inequality are good, use economic data to enrich your answers.
For example, you can mention rising number of billionaires, increase in absolute GDP and at the same time increase in debt and fiscal deficit figures.
Implications part is good.
Way forward is also fine, issues in taxation regime and way forward to increase tax income for governments should be given more space, first 3 points can be made concise as the core demand is to suggest ways to augment govt resources.
Mention about low taxation in India(% of income tax payers), measures to increase corporate taxation and reduce the effect of base erosion and profit shifting(minimum corporate tax) ,reducing leakage in subsidies etc
Conclusion is fine.
Your understanding of concepts is good, try to enrich your answers through value addition to get some extra marks.
Keep practicing. 🙂