← All questionsGS3 · 2014 · Indian Economy ·Capitalism and Inclusive Growth
QUESTION 3
GS3
12.5 marks

Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness and contributes to wide disparities between rich and poor. In this light, would it be correct to believe and adopt capitalism for bringing inclusive growth in India? Discuss.

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9 min
200 words
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What the examiner wants

Discuss the exact proposition in the PYQ — “Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness and contributes to wide disparities between rich and poor. In this light, would it be correct to believe and adopt…” — using concept/chronology or mechanism, evidence on both sides where relevant, and a conclusion that answers the directive rather than merely describing Capitalism and Inclusive Growth.

DiscussExplain the different sides of the issue, use evidence, and finish with a balanced view.

Demand-wise check

  1. 1For the prompt cue ‘Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness and contribute’, directly answer: Capitalism has guided the world economy to unprecedented prosperity≈45 words
  2. 2For the prompt cue ‘Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness and contribute’, directly answer: , it often encourages short-sightedness and contributes to wide disparities between rich and poor≈45 words
  3. 3For the prompt cue ‘Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness and contribute’, directly answer: In this light, would it be correct to believe and adopt capitalism for bringing inclusive growth in India?≈45 words

Open in about 30 words and close in about 30.

Answer plan

Define/contextualise Capitalism and Inclusive GrowthExplain mechanism/chronologyQuestion-specific evidence/examplesImplicationsConcise conclusion

Where marks usually go

  • For the prompt cue ‘Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness and’, avoid a generic note on Capitalism and Inclusive Growth; answer the actual wording/directive and the Capitalism and Inclusive Growth proposition
  • For the prompt cue ‘Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness and’, do not add examples around Capitalism and Inclusive Growth unless they prove, qualify or rebut the proposition asked

Value addition

  • Mechanism flowchart: policy/input → transmission channel → outcome → risk
    → Draw it in the body, next to the point it supports.

Official source anchors

These are authoritative sources selected for this exact PYQ. Where a card is an official-domain anchor rather than a fact-level citation, verify the precise provision, definition or data point on the linked source before using it.