Flashcard on Indian Economy

Front

What is the primary focus of the NITI Aayog?

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Cooperative federalism and strategic planning

Front

Has the services sector emerged as the largest contributor to India's GDP?

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True

Front

What was one of the main objectives of India's economic reforms in 1991?

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Liberalize the economy and encourage private sector participation

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Which index is used to measure human development?

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Human Development Index

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What is the Gini Coefficient used to measure?

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Income inequality

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Characteristic of India's mixed economy?

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A combination of public and private sector enterprises

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What is the primary aim of the 'Make in India' initiative?

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Encourage domestic manufacturing

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Which of the following is a major issue faced by the Indian economy? Options: Corruption and poor infrastructure, Excessive foreign reserves, Complete economic stability, High levels of employment

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Corruption and poor infrastructure

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Demographic dividend in the context of India

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A young population that can drive economic growth

Front

Lakdawala Committee defined the poverty line in India based on caloric intake.

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True