Table of Contents
- 1 What are the advantages of Indian economy?
- 2 Is it difficult to crack Indian Economic Service?
- 3 What are the disadvantages for Indian economy?
- 4 How many seats are there in Indian Economic Service?
- 5 What are the biggest disadvantages of the make in India campaign?
- 6 What is the economic impact of trade on Indian economy?
What are the advantages of Indian economy?
India is an attractive country for outsourcing and a cheap source of imports. Its economy has these five comparative advantages: The cost of living is lower than in the United States. Its gross domestic product per capita is $7,200, half that of China or Brazil.
What is the scope of Indian Economic Service?
Indian Economic Service. Role of the service can be broadly categorized in terms of economic advice, economic administration, implementation of development policy and programmes, besides dealing with other areas such as economic reforms, regulation, price fixation, and monitoring and evaluation.
Is it difficult to crack Indian Economic Service?
The Indian Economic Exam is however a tough one to crack but the opportunities, growth, and exposure one gets after cracking the exam is very wide and thus is worth studying for.
How many post are there in Indian Economic Service?
Pursuant to this, the sanctioned strength of the IES Cadre is 511, consisting of 471 duty posts and 40 leave reserves. A distinguishing feature of the service is that its Cadre posts are spread across different Ministries/ Departments of the Central Government, numbering around 55.
What are the disadvantages for Indian economy?
Problems Facing Indian Economy
- Unemployment.
- Poor educational standards.
- Poor Infrastructure.
- Balance of Payments deterioration.
- High levels of private debt.
- Inequality has risen rather than decreased.
- Large Budget Deficit.
- Rigid labour Laws.
What are the weaknesses of Indian economy?
2. Weakness of Indian Economy
- Large Population. India stands secondin terms of size of population next to China and our country is likely to overtake china in near future.
- Inequality and poverty.
- Increasing Prices of Essential Goods.
- Weak Infrastructure.
- Inadequate Employment generation.
- Outdated technology.
How many seats are there in Indian Economic Service?
Indian Economic Service (IES) & Indian Statistical Service (ISS) Highlights
| Exam | Indian Economic Service (IES)/ Indian Statistical Service (ISS) |
|---|---|
| Exam mode | Pen and paper-based (Offline) |
| Number of attempts | 6 |
| Duration of the examination | 3 days |
| Vacancies (approximately) | IES – 32 & ISS – 33 |
What are the advantages of make in India?
Advantages of Make in India. 1 1. Develop Job Opportunity. One of the main purposes of Make in India crusade is to provide job opportunities for as many citizens of India as 2 2. Ameliorate the Vicinity. 3 3. Expand GDP. 4 4. Fortify the Rupee. 5 5. Increase in Brand Value.
What are the biggest disadvantages of the make in India campaign?
Now let’s have a look the biggest disadvantages of Make in India 1. Negligence of Agriculture The most negative impact of the Make in India campaign will be in the agriculture sector of India. It is a well-known fact that Indian Territory has 61\% cultivable land.
What is the economic importance of India in the global economy?
India today is considered to be one of the major forces in the global economic market. Though India is a developing economy, its economy has a major impact on global trading. The majority of the world’s leading developed nations are keen to have or expand their ties with India.
What is the economic impact of trade on Indian economy?
Due to the manufacturing of products in India, economic growth is inevitable, which will not only boost the trade sector but also will increase the GDP of Indian economy as with the setting up of new factories and various investments being speculated in the Indian commercial sectors the flow of income will be humongous.