Attempt any two of the following questions in about 700 words each.

1. What has been the pattern of growth in employment in recent years? Suggest a suitable employment policy framework for promoting employment in India.

2. Explain how the political economy of India has undergone a transition since the colonial times.

3. What are the 'structural bottlenecks' in India's fiscal policy formulation Suggest policy measures to remove them.

4. 'Foreign capital aids the process of economic growth.' Do you agree Explain in the context of India's growth experience and also outline the new trends in foreign investment.

Attempt any five of the following questions in about 400 words each.

5. How can inclusive growth be an answer to India's inequality problem Suggest few measures for inclusive growth.

6. Does India have balanced industrial development How can regional disparities be reduced?

7. The recent Human Development Report indicates stagnation of India's HDI ranking. Comment on the recent trends and underlying causes of the same.

8. What are external shocks How vulnerable has the Indian economy been to them

9. What is the rationale for RBI's intervention in India's money market?

10. Briefly discuss the factors leading to and implications of inter-state disparity in fiscal capacities.

11. What is the role of e-governance as an ingredient of good governance in India

12. Can the challenges posing Indian agriculture be transformed into opportunities for further growth Suggest a framework for revitalising Indian agriculture.