- Prologue
- L4/P5: Make in India & Skill India: Salient Features
- L4/P6: Make in India: Policy issues & challenges from Economic Survey
- L4/P7: Inflation: WPI, CPI, IIP theory and Survey Analysis
Prologue
- On 10th April 2015, I conducted session on “Sectors of Economy” subpart- make in India, skill India and inflation.
- Total 2:30 hours, split into 3 parts.
- PowerPoint of the lecture, available at Mrunal.org/Download
- Medium of instruction- Hindi.
- English version not possible for the moment, because I’m required to teach at this batch, in Hindi/Gujarati only. Besides, same content is available in English-text articles or English PPTs on the site.
L4/P5: Make in India & Skill India: Salient Features
- Recap of the previous lecture on agriculture and manufacturing industry
- Why skill Indian people?
- Skill India mission
- Pradhan Mantri’s Kaushal Vikas Yojana (PMKVY): salient features of.
- Din Dayal Antyodaya Yojana
- schemes for skilling the minorities: Ustaad, Nayi Manzil
- Why Make in India?
- 5 pillar strategy for Make in India: simplification of processes, protection of intellectual property rights, focus on 30 sectors, infrastructure development, and opening of new sectors.
- Budget 2015: Make “Outside” India in CMLV countries- Why?
Youtube Link: https://youtu.be/XnjSwx4S5Gk
L4/P6: Make in India: Policy issues & challenges from Economic Survey
- 3 Policy interventions suggested for make in India.
- 3 ways to boost GDP: geology, geography and genes.
- Brief GK/Factoids on service sector, from economic survey.
- Discussion of following Mock questions for Mains:
- “In a globally integrated economy, Indian Government has limited policy maneuvers to promote Make in India.” Discuss.
- Since the industrial revolution, no country has become a major economy without becoming an industrial power. Examine the importance of “Make in India” in this regard.
- “The future trajectory of Indian economic development depends on both Make in India and Skill India.” Elaborate
- Inclusive growth necessitates greater focus on manufacturing than service sector. Do you agree?
- Make in India is a flawed idea, do you agree?
Youtube Link: https://youtu.be/pdltNFIOvxE
L4/P7: Inflation: WPI, CPI, IIP theory and Survey Analysis
- Index theory: Laspeyeres index, Paasche index and Fischer index.
- IIP- index of industrial production. Who calculates? Base year? 3 categories, 8 core industries, trend analyses from economic survey
- WPI- wholesale price index. Who calculates? Base year? Three categories- primary articles, fuel, manufactured goods and weight assigned to each.
- Difference between headline inflation and core inflation
- CPI- Consumer price index. Who calculates? Base year? 6 categories and weight assigned to each of them.
- CSO’s reform in calculation of consumer price index (CPI) from February 2015.
- Trend of inflation during last few years.
- Why has inflation declined in recent times?
- Price stabilization fund- who operates it? Salient features and purpose.
- Misc. indexes
- Producer’s price index to replace wholesale price index
- Index of service production and its four categories.
- Baltic dry index and its interpretation.
- RBI’s inflation expectations survey for households.
- RBI’s OBICUS survey
- CSO’s annual survey of industries (ASI)
- SBI composite index- features, interpretation.
- Next lecture will be on foreign trade policy 2015 and related issues from budget and economic survey.
Youtube Link: https://youtu.be/xGADBiEf9fg
Visit youtube.com/user/TheMrunalPatel For more lectures on UPSC General Studies.