Daily Mains Answer Writing Practice Question - 9 December

PAPER - GS-3 

Subject - Indian Economy 

Que.  Discuss the concept of de-dollarisation and its implications on global trade and economic sovereignty

प्रश्न: डी-डॉलरीकरण की अवधारणा और वैश्विक व्यापार और आर्थिक संप्रभुता पर इसके प्रभावों पर चर्चा करें।

(150 words - 10 marks)

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Strcuture of the Answer 

Introduction

Define de-dollarisation briefly and its context in global trade.

Body

• Explain that de-dollarisation is the process of reducing reliance on the US dollar in international trade and reserves.
• Reasons Behind De-dollarisation
• Implications on Global Trade: Positive and Negative 
• Also, highlights Implications on Economic Sovereignty

Conclusion

• Summarize de-dollarization as a step towards a more multipolar financial system.