Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short sightedness and contributes to wide disparities between the rich and the poor. In this light, would it be correct to believe and adopt capitalism for bringing inclusive growth in India? Discuss. (150 Words, 10 Marks)
Posted inUPSC - Mains Solved Paper GS 3

Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short sightedness and contributes to wide disparities between the rich and the poor. In this light, would it be correct to believe and adopt capitalism for bringing inclusive growth in India? Discuss. (150 Words, 10 Marks)

Capitalism, hailed for its ability to drive economic growth and innovation, has indeed propelled the global economy to unprecedented levels of prosperity.