QUESTION 2
GS3
10 marks
Is inclusive growth possible under market economy? State the significance of financial inclusion in achieving economic growth in India.
WRITE IN
7 min
150 words
What the examiner wants
Judge whether inclusive growth is possible in a market economy and explain why financial inclusion matters for India's growth.
DiscussExplain the different sides of the issue, use evidence, and finish with a balanced view.
Demand-wise check
- 1Yes, with conditions: markets drive growth, but state action on education, health, safety nets and regulation is needed≈35 words
- 2Financial inclusion: savings, credit, insurance, payments; JAM, PMJDY, UPI, MUDRA≈35 words
- 3Link to growth: capital formation, MSME credit, consumption smoothing≈35 words
Open in about 20 words and close in about 20.
Answer plan
Answer part oneConditionsFinancial inclusion and growthDataConclusion
Where marks usually go
- Answering only one of the two parts
- No data on financial inclusion
Draw this
- Diagram: market economy + state enablers → inclusive growth
Value addition
- DataOver 55 crore Jan Dhan accounts had been opened by 2025.PMJDY, Department of Financial Services
- IndexRBI's Financial Inclusion Index rose to about 64 in March 2024.Reserve Bank of India
Mapped topper copies
Reviewed public-source references related to this PYQ. Same-syllabus references are labelled separately.
- Shakti Dubey · AIR 1 · Page 26 ↗Reviewed PYQ reference
- Aniket Ranjan · AIR 48 · Page 23 ↗Reviewed PYQ reference
Links open original public sources. MainsBuddy does not host these answer sheets.
Next: plan for one minute, write it in 7 minutes, then get it checked.