Category Archives: Economics

Q.5. What is the present world scenario of intellectual property rights with respect to life materials? Although, India is second in the world to file patents, still only a few have been commercialized. Explain the reasons behind this less commercialization. [UPSC 2024 GS P-3]

Life materials refer to biological substances derived from living organisms, including genetic resources, cells, tissues, plant varieties, microorganisms, and biotechnological […]

Q.1. Examine the pattern and trend of public expenditure on social services in the post-reforms period in India. To what extent this has been in consonance with achieving the objective of inclusive growth? [UPSC 2024 GS P-3]

The pattern and trend of public expenditure on social services in the post-reforms period (since 1991) in India can be […]

Q. India’s household savings rate has been on a downward trajectory, declining from 22.7% of GDP in 2021 to 18.4% in 2023. What are the reasons behind this decline and how can it create a challenge for the government?

Domestic Saving Rate

According to the Union Budget 2024, India’s household savings rate has seen a significant decline, falling from 22.7% of GDP […]

Q. What are the major challenges of Public Distribution System (PDS) in India? How can it be made effective and transparent? [UPSC 2022 GS P-3]

challenges of Public Distribution System (PDS)

Public Distribution System (PDS) is a government-run food security system in India. It aims to make essential food grains available […]