Topic – Indian economy – Issues
6) NBFCs play a huge role in Indian economy. Discuss. Also comment on whether India needs to implement the idea of wholesale banks in the situation NBFCs find themselves today.(250 words)
Discuss- this is an all-encompassing directive which mandates us to write in detail about the key demand of the question. we also have to discuss about the related and important aspects of the question in order to bring out a complete picture of the issue in hand.
Comment- here we have to express our knowledge and understanding of the issue and form an overall opinion thereupon.
Key demand of the question.
The question wants us to write in detail about the role played by NBFCs in Indian economy and then it wants us to express our justified opinion about the need for wholesale banks in present India.
Structure of the answer
Introduction– define what is a NBFC and give some examples of such entities from India.
- Discuss in points the role played by NBFCs. E.g
- Define a wholesale bank and discuss its relevance for India. E.g
Conclusion– based on your discussion, form a fair and a balanced conclusion on the given issue.