UPSC Mains 2017: GS Paper 3 Model Hints

UPSC Mains 2017: GS Paper 3 Model Hints

UPSC Mains 2017 GS Paper 3 Model Hints

1. Among several factors for India’s potential growth, saving rate is the most effective one. Do you
agree? What are the other factors available for growth potential?

Hints:
A savings rate that refers to the percentage of gross domestic product (GDP) savings by households in a
country (Difference between income and consumption). It indicates the financial state and growth of the
country, as household saving is the main source of government borrowing to fund public services.
Contemporary macro-economic framework revolved around growth models and growth a function of both
savings as well as investments. Out of them Investment also largely is determined the level of savings
themselves.

 

 

 

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