Case Study 2 An important lesson …

Case Study 2 An important lesson that the COVID-19 pandemic has taught the policymakers in India is to provide greater impetus to sectors that make better allocation of resources and reduce income inequalities. COVID-19 has also taught a lesson that in crisis the population returns to rely on the farm sector. India has a large arable land, but the farm sector has its own structural problems. However, directly or indirectly, 50 percent of the households still depend on the farm sector. Greater support to MSMEs, higher public expenditure on health and education and making the labour force a formal employee in the economy are some of the milestones that the nation has to achieve. One of the imminent reforms to be done in the country is labour reforms. Labour laws are outmoded in India, and some of these date back to the last century. India’s complex labour laws have been blamed for keeping manufacturing businesses small and hindering job creation. Industry hires labour informally because of complex laws and that is responsible for low wages. Which types of structural problems are faced by the agricultural sector? “It is necessary to create employment in the formal sector rather than in the informal sector.’’ Defend or refute the given statement with valid argument. Hired labour comes in …………………. (Informal organisation / formal organisation) What do you mean by MSMEs?

Is inclusive growth Achievable for a developing country like India when exposed to the process of privatisation and globalization

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What is receipt?

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What is deficit ?