Read the following passage carefully and answer the questions given. Certain words are given in bold to help you locate them while answering some of the questions. According to the passage, which of the following is/are true about the impact of increasing population on Indian economy?A. If India attempts to absorb all the labour force, it will impact the growth of service sector negatively and in turn, hamper the economic growth of the country.B. As the population of the country increases, the number of dependants in the country increases, the number of dependants in the country also increase which in turn increases the pressure on the economy.C. An increasing population can never lead the economy of the country towards the prosperity; in fact, it can only put a strain on the economy of a country.

Q. Read the following passage carefully and answer the given questions.

On attending a conference which focused on the role of the service sector in the Indian economy, I was amazed. The conference gave a very interesting perspective on the role of the service sector in the rate in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than fifty percent of GDP. The services sector has the highest growth rate and is the least volatile sector. Growth is particularly marked in public services, IT and financial services. In some areas the growth rate of services sector is forty to fifty percent due to increased use of mobile technologies. India, therefore, has a services oriented economy. It hasn’t followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agricultural stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support the growth in the service sector can and will support the growth in the agricultural and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector, which causes dependence on other countries, which is not so desirable in terms of job creation and increase in prosperity. Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population both in the lower and higher age groups. In such a scenario of increasing population, from crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus but it is not increasing, so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. A part from health, education should also be the priority of the government, particularly the education of women, in order to reduce the birth rate.
However, all said and done, we cannot deny the fact that growing population of the country can also benefit the economy if considered as a resource and used efficiently. In fact, it is said that in the next two decades a ‘growth window’ for India will open, which may not come again because the working population to total population ratio will rise up to mid 2030s only. It is important for India of maximize its economic growth in this period. For doing so, it will be important of Indian to absorb the growing labour force. This would mean that most people in the country would be employed (with a steady income), the number of dependents in the population would reduce and with effect the economy would prosper. Absorbing the labour force is also very important if the service sector is to play a key role in the growing Indian economy. Today to address the issue of poverty in India, there is a need to change the bad sectors into good sectors and in turn to move people from unemployment to employment. Only the service sector can help in doing so and thus can have major impact on poverty. Although service – intensive sectors such as hotels, restaurant and IT are booming with growth in human skills, there are geographical, labour unions and human skills restrictions on labour movement. The key question here, I suppose, is that – can service sector lead the economy? For example, can service such as IT be taken to rural areas? Experts in the conference have suggested that it seems that services could lead the economy. However, there are certain prerequisites for the same. In order words, there needs to he great equality between the different states and better gender balance. There is also the need for additional fiscal equality, tax reforms to fund education, reeducation in government debt, and the revenue account must be kept in balance. Progress is good but still the initial conditions for growth have not yet been achieved.

What does the author mean by the statement, “ ___ a ‘growth window’ for India will open”?

Q. Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
What impact has the GDP growth of 7.8% had?
A. Indian Industry is anxious about India's economic growth.
B. India has achieved status as the world's third-largest economy at present.
C. Foreign investment in India has drastically increased.

Q.

On attending a conference, which focused on the role of the services sector in the Indian economy I was amazed. The conference gave a very interesting perspective on the role of the service sector in the growth of the Indian economy in relation to growth rates in agriculture and industry. The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the least volatile sector. Growth is particularly marked in public services, IT and financial services.

In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore, has a service-oriented economy. It hasn't followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector. In fact, the situation now is such that the growth in the service sector can and will support the agriculture and industrial sectors. However, the only setback for the Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.

Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population, especially in an economy which is still recovering from the crisis, growth becomes difficult. For such an economy to grow it has to invest. Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development in the country. Apart from that, health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.

Q. According to the passage, which of the following is/ are true about the impact of increasing population on the Indian economy?

Q. Read the following passage carefully and answer the questions given. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
What effect did rise in economies of BRICS have on the global economy?

Q. Read the following passage carefully and answer the questions given. Certain words are given in bold to help you locate them while answering some of the questions.
According to the passage, which of the following can be said about the agriculture and industry sectors in India?
A. Looking at the growth of the service sector in India it can be safely said that the service sector will soon be in a position to support both agriculture and industry sector.
B. The agriculture and the industrial sector of the country have reached their threshold and there would be no use of further investment in these sectors.
C. Currently, the agriculture and industry sectors contribute lesser as compared to service sector to the GDP of the country.