Podcast
Questions and Answers
What was the primary role of the British East India Company in India?
What was the primary role of the British East India Company in India?
- To turn India into a colonial economy (correct)
- To develop India's infrastructure
- To establish a democratic government
- To promote Indian culture and languages
Which religious movement emerged in the Punjab region, opposing institutionalized religion?
Which religious movement emerged in the Punjab region, opposing institutionalized religion?
- Hinduism
- Christianism
- Buddhism
- Sikhism (correct)
What major event in 1947 led to immense human suffering in India and Pakistan?
What major event in 1947 led to immense human suffering in India and Pakistan?
- The establishment of the British Crown rule
- The formation of the Vijayanagara Empire
- The emergence of the Mughal Empire
- The partition of British India (correct)
What did the nationalist movement in India led by Mahatma Gandhi primarily advocate for?
What did the nationalist movement in India led by Mahatma Gandhi primarily advocate for?
What position is India projected to reach in the global economy within the next decade?
What position is India projected to reach in the global economy within the next decade?
What percentage of global vaccine demand is supplied by India?
What percentage of global vaccine demand is supplied by India?
What is India expected to reach in terms of GDP by 2030?
What is India expected to reach in terms of GDP by 2030?
Which decade has been identified as a 'decade of transformative growth' for India?
Which decade has been identified as a 'decade of transformative growth' for India?
What was India's decadal average growth rate from 1952 to 1960?
What was India's decadal average growth rate from 1952 to 1960?
What major event is associated with the slowdown in India's economic growth during the 1960s?
What major event is associated with the slowdown in India's economic growth during the 1960s?
What was a major structural constraint before the 2014 reforms in India?
What was a major structural constraint before the 2014 reforms in India?
Which of the following was a focus of India's economic strategy in the 1950s?
Which of the following was a focus of India's economic strategy in the 1950s?
What was the decadal average growth rate in India during the 1970s?
What was the decadal average growth rate in India during the 1970s?
Which of the following was NOT a challenge faced by India in the 1960s?
Which of the following was NOT a challenge faced by India in the 1960s?
What percentage of total net new EPF subscribers belonged to the age group 18-25 since May 2023?
What percentage of total net new EPF subscribers belonged to the age group 18-25 since May 2023?
How many universities were there in India in 2023?
How many universities were there in India in 2023?
What was the Gross Enrolment Ratio (GER) for girls in 2020?
What was the Gross Enrolment Ratio (GER) for girls in 2020?
How much interest-free loan did the government provide to states in FY24?
How much interest-free loan did the government provide to states in FY24?
Which act was amended to address the financial system crisis post-2020?
Which act was amended to address the financial system crisis post-2020?
What initiative was taken to reduce the tax burden on individuals and businesses?
What initiative was taken to reduce the tax burden on individuals and businesses?
What was a key outcome of the decriminalization of minor economic offenses under the Companies Act, 2013?
What was a key outcome of the decriminalization of minor economic offenses under the Companies Act, 2013?
How many archaic laws were repealed in the process of regulatory reforms?
How many archaic laws were repealed in the process of regulatory reforms?
Which policy was revived to minimize government presence in public sector enterprises?
Which policy was revived to minimize government presence in public sector enterprises?
What percentage does the telecommunication industry contribute to India's GDP?
What percentage does the telecommunication industry contribute to India's GDP?
By 2047, what is the projected economy size of India?
By 2047, what is the projected economy size of India?
What is the rank of the Indian automotive industry in terms of growth worldwide?
What is the rank of the Indian automotive industry in terms of growth worldwide?
How many households in India had a disposable income of more than $10,000 in 2015?
How many households in India had a disposable income of more than $10,000 in 2015?
What is India's aspiration for green energy capacity by 2030?
What is India's aspiration for green energy capacity by 2030?
Which sector has made India a high-quality manufacturer of goods and services?
Which sector has made India a high-quality manufacturer of goods and services?
Which country surpassed the US to become the second-largest smartphone market in the world?
Which country surpassed the US to become the second-largest smartphone market in the world?
Study Notes
India's History
- India became a republic in 1950, governed by a democratic parliamentary system.
- It's a major nuclear power with high military spending.
- India has been the world's most populous democracy since 1947, inheriting strong British administrative institutions.
- India is multilingual and multi-ethnic, with diverse religions including Christianity, Islam, Buddhism, Judaism, and Hinduism.
- Muslim armies from Central Asia intermittently conquered northern India, leading to the Delhi Sultanate.
- The Vijayanagara Empire shaped a composite Hindu culture in southern India.
- Sikhism emerged in the Punjab, rejecting institutionalized religion.
- The Mughal Empire established two centuries of peace under Islamic governance, commencing in 1526.
- The British East India Company established colonial rule in 1858, exploiting resources and labor.
- Indian participation in WWI (more than a million Indians) prompted a nationalist movement demanding independence led by Mahatma Gandhi.
- The Indian National Congress played a crucial role in the struggle for independence from British rule.
- India and Pakistan gained independence in 1947 after partition led by the British, resulting in significant human suffering.
India's Economic Significance
- India's economy was long perceived as lagging behind China, hindered by bureaucratic challenges and a sprawling state sector.
- However, India's economic growth has drastically improved.
- India recently overtook the UK to become the world's fifth-largest economy.
- India is expected to further increase its global standing in the next decade, potentially surpassing Germany and Japan to become the world's third-largest economy.
- India is experiencing one of the fastest rates of GDP growth in the last decade.
- The IMF predicts continuing stable and rapid economic growth.
- India enjoys a top-ranked economic status among large, rapidly growing markets, within the G20.
India's Economic Trends
- India is forecast to become the world's second-largest economy by 2075.
- Indian stock market is currently among the 5 largest (market cap of $4.5 trillion).
- The IT/BPM (information technology-business process management) sector contributes significantly to India's GDP (approx 7.4% in 2022), with estimated domestic revenue of $51 billion and export revenue of $194 billion.
- India's consumer market was valued at $3,15 trillion in 2022.
- The pharmaceutical and telecommunications industries are also important contributors.
- India's government is promoting business through investments and ease of doing business reforms.
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