Structural Change.

Discuss the different approaches to development.

Describe in brief India’s relative position in the ‘quality of governance of institutions’ in a comparative perspective with our neighbouring economies.

Differentiate between the following.

(a) Capitalism and Socialism.

(b) Physical Infrastructure and Social Infrastructure.

(c) Human Capital and Human Development.

Outline the concept of ‘informal economy’ in India.

QALY/DALY

Explain the approaches adopted in India to measure ‘poverty