Q.3 Covid and its associated restrictions have been a perfect storm for the informally employed. Suggest the provisions that could be made in the next Budget to insure the most vulnerable against such shocks? (10 Marks)

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Staff @CD

Mentor’s comment-

https://indianexpress.com/article/opinion/columns/naushad-forbes-writes-indian-economy-budget-gst-budget-deficit-7730640/
In the body, mention how Covid hit the informal sector and those employed there disproportionately.
In the body, mention the provision to create jobs for unskilled by spending on infrastructure, the National Infrastructure Pipeline can play important role in this regard, focus on skill development and investment in education etc.
Conclude by Other policies for economic inclusion must go beyond social inclusion. These include measures like reducing tariffs to benefit millions of consumers instead of thousands of firms.

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5 responses to “Q.3 Covid and its associated restrictions have been a perfect storm for the informally employed. Suggest the provisions that could be made in the next Budget to insure the most vulnerable against such shocks? (10 Marks)”

January 19, 2022

Jyoti Singh

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January 19, 2022

Jyoti Singh

Ans

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1. January 25, 2022
  
  Staff @CD
  
  Jyoti
  
  Your content is decent but the answer is lacking in presentation.
  It looks like a short essay. Try to give subheadings to sections, write in points for atleast some parts of the answer.
  Intro is good, but keep it concise- after mentioning one line, move on to impacts.
  Hospitality sector should be there instead of hospitalisation.
  In impacts, you can also mention lower corporate profitability, GST collections etc
  Mentioning some data related to these points can give some extra marks.
  Other points regarding construction sector, hospitality sector etc are fine.
  In budget expectations, content is short. You can write about creating jobs, implementation of projects under NIP, labour and export oriented manufacturing, increasing female participation, spending on education etc
  Keep practicing. Try to cover more dimensions in answers. 🙂
January 21, 2022

Alka Poddar

Razor Id-le7g8rZjJGeMT5

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1. January 25, 2022
  
  Staff @CD
  
  Alka
  
  Instead of starting with informal employment, you can start with Covid and the state of economy of the country currently under its impact.
  In next part, mention impacts of Covid- give a subheading, write in points to diversify the answer.
  Impact on sectors are good, also mention lower GST collections in initial phase, increase in debt, fiscal deficit of the government etc
  Some data can also be mentioned regarding these parameters to make the answer more impressive.
  Next part about budget expectations is well written, include gender dimension by suggesting policy for increasing female workforce participation, Increasing % expenditure on social sectors like health and education, focus on implementation etc
  Conclusion is good.
  Keep practicing. 🙂

Q.3 Covid and its associated restrictions have been a perfect storm for the informally employed. Suggest the provisions that could be made in the next Budget to insure the most vulnerable against such shocks? (10 Marks)

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5 responses to “Q.3 Covid and its associated restrictions have been a perfect storm for the informally employed. Suggest the provisions that could be made in the next Budget to insure the most vulnerable against such shocks? (10 Marks)”

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