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India can enhance the effectiveness of its budgetary system and achieve more sustainable and inclusive economic growth by overcoming several weaknesses that hinder the system’s effectiveness. Analyse.

Topic:  Government Budgeting.

4. India can enhance the effectiveness of its budgetary system and achieve more sustainable and inclusive economic growth by overcoming several weaknesses that hinder the system’s effectiveness. Analyse. (250 words)

Difficulty level: Moderate

Reference: Insights on India

Why the question:

The question is part of the static syllabus of General studies paper – 3.

Key Demand of the question:

To write about the weaknesses in the budgetary system and measures to overcome them.

Directive word:

Analyse – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary.

Structure of the answer:

Introduction: 

Begin by defining budget and major objectives of budgeting.

Body:

First, elaborate up on how budget provide framework of achieving annual objectives.

Next, write about the weaknesses in the budgetary system and its implementation – transparency, budget estimates, Skewed expenditure pattern, Poor planning and lack of long-term perspective etc.

Next, suggest measures to overcome the above weaknesses in order to ensure that budgetary objectives are achieved.

Conclusion:

Conclude by writing a way forward.