06/11/2019 - International Relations | Mainstorming

IAS Parliament 5 years

KEY POINTS

· Real GDP growth of the South Asia region has steadily increased from an average of about 3 per cent in the 1970s to 7 per cent over the last decade.

· In India as an example, important waves of reforms began in earnest in the early 1990s, focused on reducing business regulations and liberalising the trade regime, and continued post-2000 with efforts to promote macroeconomic stability, the pan-India goods and services tax in 2017.

· A newly released paper by the IMF’s Asia and Pacific Department finds that South Asia is poised to play an even bigger role in the global economy going forward, in both relative and absolute terms.

· Greater economic diversification, with an expansion of the service sector, improvements in education, and a still sizable demographic dividend are among the key elements underpinning this performance.

· India in particular has benefitted from the transition from exporting tea and fabrics several decades ago towards a more sophisticated basket of goods and services today.

· Based on demographic trends, more than 150 million people in the region are expected to enter the labour market by 2030 — this demographic dividend is most enduring in India and Nepal, where the working-age population is not expected to peak until 2040.

· Supporting improvements in agricultural productivity and a sustainable expansion of manufacturing, while promoting higher-skill services, to achieve this goal.

· South Asian economies can further open up to trade and foreign direct investment (FDI), improve governance, and foster financial development to enable more efficient allocation of resources to the private sector and reduce the still significant state footprint in the economy.

· For India, there is a particularly large need for infrastructure investment, including in the areas of (renewable) energy, transport, water, and urban services — land reforms are important to facilitate this investment.

· Stronger social safety nets are especially important to supporting the most difficult structural reforms, notably to labour markets, minimising their distributional impact on the most vulnerable segments of the population, and promoting strong and inclusive growth.

Dileep 5 years

Kindly review sir..thank you!!

IAS Parliament 5 years

Try to include socio economic dimensions to the answer. Keep Writing.

Answer writing practice 5 years

Hello sir / mam

Kindly review my answer and please give your suggestions in two three lines like whether my way of conveying points is ok and understandable and any critics about answer presentation etc.....kindly give brief suggestion and I ll try to follow that to all other questions in future...... thank you very much in advance.....

IAS Parliament 5 years

Try to cut short the introduction part - 30-40 words enough. Try to stick to word limit, one and half page is enough, convey your ideas in simple sentences.

Try to write what the question has asked. Problems with south Asia, How it can become strong and sustainable? and what are the new policies that government should follow?

Write more number of answers to get better understanding on topics.

MURALIDHARAN 5 years

Kindly evaluate!!!