evaluate the impact of a declining export led growth strategy on India's economy and Employment propose a strategic measures for india to navigate these challenges and foster sustainable economic growth\

Export-led growth tends toQuestion 12Answera.lead to unemployment among domestic workers.b.discourage competition in the global economy.c.exploit domestic comparative advantages.d.help firms benefit from small-scale production.

What are the key economic reforms and policy initiatives that have contributed to "India's Ascent to theWorld's Third-Largest Economy by 2028"

The goals of planning the economy emphasize a steady rate of growth at about 5-6 percent per annum, a continuous and perceptible improvement in living standards in the foreseeable future. This involves a more equitable distribution of income and wealth, a balanced pattern of regional development and lesser dependence on foreign aid by pursuing policies of export promotion and import substitution and expansion of basic, heavy and defence industries with the object of building an industrial base of the economy. There is no doubt that a judicious and harmonious process of development requires a balancing of these objectives. More and more expert opinion is veering round to the view that an employment-oriented strategy of industrial development provides the best answer to the challenge of unemployment and underemployment posed to an underdeveloped economy like India. That being so, it would be worthwhile to outline the contours of an employment-oriented strategy.(1) Growth of the economy in India can happen only if there is a steady improvement in the standards of living of everyone. The industrial base of the country should be developed so as to generate employment and the country should not depend too much on foreign aid.(2) The objectives of sound planning for economic growth should consider a steady rise of national wealth and an equitable distribution of the same. Industrial development, which generates employment, may be a useful policy in achieving this objective.(3) Sound planning for economic growth involves industrial development, which will generate employment and wealth. Increased self-reliance and an equitable distribution of wealth will ensure a steady 5-6 per cent growth.(4) Planning for the growth of the economy should involve a steady annual growth and a discernable improvement in living standards. Increased self-reliance and a balanced progress as also industrial development, which generates employment, is a good policy to pursue.

Manufacturing sector is considered the backbone of development in general and economicdevelopment in particular mainly because–Manufacturing industries not only help inmodernising agriculture, which forms the backbone of our economy, they also reduce theheavy dependence of people on agricultural income by providing them jobs in secondaryand tertiary sectors. Industrial development is a precondition for eradication ofunemployment and poverty from our country. This was the main philosophy behind publicsector industries and joint sector ventures in India. It was also aimed at bringing downregional disparities by establishing industries in tribal and backward areas. Export ofmanufactured goods expands trade and commerce, and brings in much needed foreignexchange. Countries that transform their raw materials into a wide variety of finished goodsof higher value are prosperous. India’s prosperity lies in increasing and diversifying itsmanufacturing industries as quickly as possible.1. Foreign exchange can be brought in by exporting————*1 pointa Agricultural productsb Manufactured goodsc Consumer goodsd None of the above2.Industrial development is a precondition  for eradication of———--*1 pointa securityb Unemployment and povertyc Corruptiond Diseases3. By establishing industries in tribal and backward areas, what can be removed?*1 pointa regional disparitiesb National disparitiesc inter state disparitiesd zonal disparities4. India’s prosperity lies in increasing and diversifying its ————*1 pointa Manufacturing industriesb Transport and Communicationc Rural infrastructured Information and technology

India’s remarkable economic growth in the past few years has included:Question 1Select one:a.More car companies and highwaysb.Production of luxury cropsc.The largest number of hungry people in the worldd.All of the above