MEC-205: Indian Economic Policy – Solved Assignment 2024-25
Presented below are fully solved answers to all the questions from the MEC-205 Tutor Marked Assignment (TMA) 2024-25. Each answer is crafted in simple English, following IGNOU’s academic standards, and useful for quick reference.
- “In a poor country like India, being unemployed itself does not ensure a decent standard of living”- Do you agree? Give reasons in support of your answer.
View Answer - How are the inequalities of income measured in an economy? Examine the policy implications of income inequalities for wider spread poverty in India. Do you think that social protection can play important role in this regard?
View Answer - Distinguish between economic growth and economic Development. Explain with illustration how economic development is a better measure of economic welfare.
View Answer - Explain any four major issues of concern in Indian agriculture. To what extent the diversification towards high value agriculture will be helpful to address these issues of concern?
View Answer - What do you mean by ‘fiscal imbalance?’ Which measures would you like to suggest to correct the fiscal imbalances?
View Answer - Identify the barriers coming on the way of growth of the services sector in India? Which steps would you like to suggest to overcome these barriers?
View Answer - Write short note on the followings: i) Food security ii) Pricing paradox iii) Public private partnership iv) Employment elasticity
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📌 These answers are intended to support IGNOU students in preparing their assignments and gaining better clarity on key Indian economic policy concepts.