A trade imbalance can have significant implications for the Indian economy. India must manage its trade balance more effectively, ensuring sustainable economic growth and stability. Examine.
Kartavya Desk Staff
Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
4. A trade imbalance can have significant implications for the Indian economy. India must manage its trade balance more effectively, ensuring sustainable economic growth and stability. Examine. (250 words)
Difficulty level: Moderate
Reference: The Hindu
Why the question: India’s merchandise exports, which shrank over 3% in 2023-24 — a year marred by multiple geopolitical and logistical disruptions to global trade — are off to a positive start this year, but only just. Key Demand of the question: To write about the trade imbalance and its impact on the Indian economy. Directive word: Examine – When asked to ‘Examine’, we must investigate the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications. Structure of the answer: Introduction: Start by giving context. Body: Frist, write about the impact of trade imbalance will have on the Indian economy. Substantiate with facts and examples. Next, write about the measures that are needed to keep the trade imbalance in acceptable limits. Conclusion: Conclude by writing a way forward.
Why the question:
India’s merchandise exports, which shrank over 3% in 2023-24 — a year marred by multiple geopolitical and logistical disruptions to global trade — are off to a positive start this year, but only just.
Key Demand of the question:
To write about the trade imbalance and its impact on the Indian economy.
Directive word:
Examine – When asked to ‘Examine’, we must investigate the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.
Structure of the answer:
Introduction:
Start by giving context.
Frist, write about the impact of trade imbalance will have on the Indian economy. Substantiate with facts and examples.
Next, write about the measures that are needed to keep the trade imbalance in acceptable limits.
Conclusion:
Conclude by writing a way forward.