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Sign in to searchPRERNA FOR IAS
(ASSOCIATE OF SAMKALP)
TEN CRITICAL QUESTIONS ON CURRENT GEOPLOITICAL AND NATIONAL ISSUES -74
1. GDP Growth Estimated at 7.7%
Question: India's GDP growth is estimated at 7.7%. Is high GDP growth alone sufficient to judge a country's development?
Answer: GDP growth is important because it creates resources for development. However, growth alone is not enough. We should also look at employment, income distribution, quality education, healthcare, and environmental sustainability. If growth benefits only a small section of society, it cannot be considered truly successful development.
2. RBI Keeps Repo Rate Unchanged
Question: Why must a central bank sometimes prioritize inflation control even when economic growth is strong?
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