IASbabaIASbaba
    • C2C MAINS
    • OFFLINE CLASS
    • MIND MAPS
    • DAILY CA - QUIZ
    • MUST READ
    • BOOK REVIEWS
    • TOPPERS CORNER
    • CREATIVE GUIDANCE
    • HOME
    • Prelims
      • GS Prelims Strategy
      • CSAT Strategy
      • Daily Prelims Quiz
      • Books/Sources to Refer
      • UPSC Papers
      • How to Read HINDU Newspaper
      • Mind Maps- Current Issues and Analysis
    • Mains
      • C2C Mains Answer Writing
      • Mains Strategy
      • TLP Mains GS Answer Writing
      • TLP Mains Optional Answer Writing
      • Essay Strategy
      • Model Essay by IASbaba
      • Optional Strategy-Geography
      • Mind Maps – Mains Syllabus
      • Previous Year Papers
    • Current Affairs
      • Baba’s Daily News Analysis
      • Baba’s Monthly Magazine
      • Yojana/Kurukshetra Gist
      • Rajya Sabha Debate Videos
      • Press Information Bureau
      • AIR – Discussion
    • Interview
    • Integrated Learning Programme-2019/AIPTS
    • Ask IASBABA
      • Contact Us
      • Doubts Forum
      • FAQ’s
      • Your Feedback
    • UPSC Question Papers
      • UPSC Mains Year Question Papers
      • UPSC Prelims Year Question Papers
      • Downloads
    • HOME
    • Prelims
      • GS Prelims Strategy
      • CSAT Strategy
      • Daily Prelims Quiz
      • Books/Sources to Refer
      • UPSC Papers
      • How to Read HINDU Newspaper
      • Mind Maps- Current Issues and Analysis
    • Mains
      • C2C Mains Answer Writing
      • Mains Strategy
      • TLP Mains GS Answer Writing
      • TLP Mains Optional Answer Writing
      • Essay Strategy
      • Model Essay by IASbaba
      • Optional Strategy-Geography
      • Mind Maps – Mains Syllabus
      • Previous Year Papers
    • Current Affairs
      • Baba’s Daily News Analysis
      • Baba’s Monthly Magazine
      • Yojana/Kurukshetra Gist
      • Rajya Sabha Debate Videos
      • Press Information Bureau
      • AIR – Discussion
    • Interview
    • Integrated Learning Programme-2019/AIPTS
    • Ask IASBABA
      • Contact Us
      • Doubts Forum
      • FAQ’s
      • Your Feedback
    • UPSC Question Papers
      • UPSC Mains Year Question Papers
      • UPSC Prelims Year Question Papers
      • Downloads

    The Big Picture- RSTV

      Home » Blog » The Big Picture – Raghuram Rajan’s red flag on GDP

    The Big Picture – Raghuram Rajan’s red flag on GDP

    • Posted by
    • Categories The Big Picture- RSTV
    • Date February 1, 2016
    • Comments 9 comments
    Print Friendly, PDF & Email

    Archives

     

     

    The Big Picture – Raghuram Rajan’s red flag on GDP

    The context of the topic is the real state of the economy and the question of whether we are the fastest growing economy in the world.

    Earlier GDP was computed keeping 2004-05 as base year however in 2014 it was revised to 2011-12. This change is hugely debated questioning the credibility of the GDP numbers. Nonetheless GDP numbers do not capture the real state of the economy, New series of GDP calculation is improvement upon the old series and in any case the new series is comparable to international series. The new methodology is more consistent than the previous one.

    Policy makers are conscious enough of the fact that real GDP numbers do not capture the state of the economy and also devising plans and policy which are actually required.

    Employment generation:

    Employment generation is the biggest concern of the economy right now. Even though India is the fastest growing economy in the world the situation on the employment front is dismal. There is a demand of 8 million jobs every year but we are able to generate only half a million, which is a tremendous backlog on employment front. Reasons for it is technological obsolescence-because of which lots of jobs are going out, second is labour laws, and third is skill issue.

    It is pertinent with respect to India that it learns few lessons from china model of growth in which it not only grew at 8-10 % for 30 years, but also created employment at the same time. India needs to learn from china on how capital intensive industry can evolve in terms of creating more jobs.

    People are getting educated like never before in last decade. It is now the duty of the state to guide young generation by skilling them to meet the demands of contemporary global skill gap.

    On the rural side it is necessary to address variety of issues that are creating a potential problem in employment generation. The issues like MSP, Climate change ,MGNERGA wages etc needs to be dealt in a sensible way so that the employment is not displaced to urban areas cresting whole set of new problems. It is very important to address these issues to say that growth rate of GDP and employment generation are going in tandem.

    Q.1) Recently IMF declared that India is the fastest growing economy in the world; however on the ground level the rate of employment generation nowhere reflects this positive sentiment. Critically analyse

    IASbaba imparts 360-degree IAS preparation solutions with their exhaustive Prelims and Mains preparation courses, supported by the latest UPSC preparation material. Avail our expert help by enrolling with us to keep your knowledge updated and stay ahead of your competition.

    Checkout some important links :

    Daily Current Affairs

    Previous Year UPSC Question Paper

    UPSC Mains Syllabus

     

    Tag:Big Picture Analysis 2016, RSTV Big Picture UPSC IAS

    • Share:

    Don’t lose out on any important Post and Update. Learn everyday with Experts!!

    Previous post

    IASbaba’s Daily Current Affairs – 1st February, 2016
    February 1, 2016

    Next post

    IASbaba Press Information Bureau (PIB)-25th Jan to 31st Jan, 2016
    February 1, 2016

    You may also like

    • RSTV IAS UPSC – DGP selection
      14 February, 2019
      Print Friendly, PDF & Email

      DGP Selection Archives TOPIC:  General Studies 2 Government policies and reforms Governance; transparency & accountability and institutional and other measures In News: The Supreme Court had dismissed the pleas of five states seeking modification of its order issued last year …

    • RSTV IAS UPSC – Aviation Flying For All
      9 February, 2019
      Print Friendly, PDF & Email

      Aviation Flying For All Archives TOPIC: General Studies 2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. General Studies 3: Mobilization of resources, growth, development and employment In News: Global …

    • RSTV IAS UPSC – Importance of Voting
      8 February, 2019
      Print Friendly, PDF & Email

      Importance of Voting Archives TOPIC: General studies 2  Indian polity; Government laws and policies; Policy reforms  Democratic governance and society In News: This year, India is celebrating its 9th National Voters Day on January 25. The voters’ day celebration was …

    2018 MAINS UPSC : 85% plus from TLP, C2C, ILP

    Mains Answer Writing-C2C 2019

    Mains Answer Writing, UPSC Mains Test Series

    ILP – 2019 ONLINE

    Prelims Test Series 2019

    Recent Posts

    • Interview Discussion IAS UPSC: Think, Rethink and Perform (TRP)-Day 21 February 16, 2019
    • Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 15th February 2019 February 15, 2019
    • UPSC Quiz – 2019 : IAS Daily Current Affairs Quiz Day 173 February 15, 2019
    • Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 14th February 2019 February 15, 2019
    • Mains General Studies Answer Writing IAS UPSC – TLP 2019 – 15th Feb, 2019 – Day 70 February 15, 2019
    • RSTV IAS UPSC – DGP selection February 14, 2019
    • IAS UPSC Current Affairs Magazine JANUARY 2019 February 14, 2019
    • UPSC Quiz – 2019 : IAS Daily Current Affairs Quiz Day 172 February 14, 2019

    Rank 14, Neha Jain, UPSC-2017

    Rank 23, Tapasya Pariha, UPSC-2017

    Rank 1, Anudeep, UPSC-2017

    ILP 2019

    Rank 4, Saumya Pandey ILP Student

    Archives

    SunMonTueWedThuFriSat
     123456
    78910111213
    14151617181920
    21222324252627
    2829 

    TLP – 2019

    • Mains General Studies Answer Writing IAS UPSC – TLP 2019 – 15th Feb, 2019 – Day 70
    • Mains General Studies Answer Writing IAS UPSC – TLP 2019 – 14th Feb, 2019 – Day 69
    • Mains General Studies Answer Writing IAS UPSC – TLP 2019 – 13th Feb, 2019 – Day 68

    IASbaba’s toppers

    • UPSC/IFoS RESULT-Topper 2018, CHIRAG JAIN, Rank 10, IASbaba ILP’s Most Favorite Student
    • Rank 150 Jayendra Kumar on how to crack UPSC while working with IASbaba’s ILP Programmme
    • Archit Chandak (AIR 184) CSE 2017, IASbaba’s ILP Student (First Batch) shares his Impeccable Prelims Strategy

    Daily Current Affairs (Prelims+Mains)

    • Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 15th February 2019
    • Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 14th February 2019
    • Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 13th February 2019

    RSTV Discussion

    • RSTV IAS UPSC – DGP selection
    • RSTV IAS UPSC – Aviation Flying For All
    • RSTV IAS UPSC – Importance of Voting

    AIR Discussion

    • All India Radio (AIR) IAS UPSC – Importance of Internal Security for Good Governance
    • All India Radio (AIR) IAS UPSC – Khelo India
    • All India Radio (AIR) IAS UPSC – National Museum of Indian Cinema (NMIC)

    Daily Prelims Quiz

    • UPSC Quiz – 2019 : IAS Daily Current Affairs Quiz Day 173
    • UPSC Quiz – 2019 : IAS Daily Current Affairs Quiz Day 172
    • UPSC Quiz – 2019 : IAS Daily Current Affairs Quiz Day 171

    TLP Mains Answer Writing

    • Mains General Studies Answer Writing IAS UPSC – TLP 2019 – 15th Feb, 2019 – Day 70
    • Mains General Studies Answer Writing IAS UPSC – TLP 2019 – 14th Feb, 2019 – Day 69
    • Mains General Studies Answer Writing IAS UPSC – TLP 2019 – 13th Feb, 2019 – Day 68

    TRP Interview Discussion

    • Interview Discussion IAS UPSC: Think, Rethink and Perform (TRP)-Day 21
    • Interview Discussion IAS UPSC: Think, Rethink and Perform (TRP)-Day 20
    • Interview Discussion IAS UPSC: Think, Rethink and Perform (TRP)-Day 19

    Lets Get Social!

    Facebook Twitter
    © IASbaba - 2017

    Reach Us

    1737/37, MRCR Layout, Vijaynagar Service Road, Vijaynagar, Bangalore 560040

    (91) 90350 77800

    support@iasbaba.com

    Our App!

    logo-eduma-the-best-lms-wordpress-theme
    logo-eduma-the-best-lms-wordpress-theme

    How to Use IASbaba
    Over 5 lakh users. Click to download our app!
    Subscribe
    • How to Use IASbaba!  
    • Over 5 lakh users. Click to download our app!