How did Covid impact the Indian economy?

Coupled with the humanitarian crisis and silent treatment of the government, the covid-19 has exposed and worsened existing inequalities in the Indian economy. India’s GDP shrank 7.3\% in 2020-21. This was the worst performance of the Indian economy in any year since independence.

How India is developing country?

India is an emerging and developing country (EDC) found in southern Asia. However, despite its rapid growth, poverty in India is widespread. The Human Development Index (HDI) places India 136th out of 187 countries, with 25\% of the nation’s population still living on less than $1.25 (US dollar) a day.

What are the steps taken by the government to improve GDP?

Infrastructure spending is designed to create construction jobs and increase productivity by enabling businesses to operate more efficiently.

• Tax Cuts and Tax Rebates.
• Stimulating the Economy With Deregulation.
• Using Infrastructure to Spur Economic Growth.

How is India becoming self-reliant in nuclear technology?

With support from the government, considerable investment and development has incurred in different sectors such as agriculture, healthcare, space research, and nuclear power through scientific research. For instance, India is gradually becoming self-reliant in nuclear technology.

How can India solve the problem of power shortage?

India must encourage the use of renewable sources of energy like solar energy, wind energy etc. to satisfy its needs of power & electricity since these resources are unlimited in supply & can help in solving the problem of power shortage in India so as to make India a super power.

What has India done to achieve sustained rapid growth?

India has continued its programme of economic reforms to achieve sustained rapid growth.

Can India become a developed country & a super power?

India is a rapidly developing country but at the same time it is facing lot of problems both internally & externally & India can become a developed country & a world Super Power only if these problems are eradicated. Following are some of the ways which can make India a developed country & a super power –