Question 1
Fiscal measures
GS-III
Economy
20.0 Marks
Question
"The escalating frequencies of extreme weather events in India are transforming transient inflationary pressures into structural macroeconomic risks." Analyze this statement with respect to food inflation and evaluate the policy efficacy of the Reserve Bank of India (RBI) and fiscal measures in mitigating these supply-side shocks.
OASpecific Writing Guidance
- Start with a short, relevant and contextual introduction.
- Use clear headings, sub-headings and bullet points.
- Support arguments with facts, examples, reports or relevant data.
- Use diagrams, maps, flowcharts or tables wherever relevant.
- End with a balanced, constructive and forward-looking conclusion.