GROUP DISCUSSION FOR INTERVIEW PREPARATION.pptx

It contains the group discussion topics for GD/interview preparation

1. 5G Implementation of 5G services can improve the standard of living. Effective steps should be taken to make sure the benefits are available to everyone, including the people living in remote areas. Moreover, it is important to upskill the workforce to solve the issue of talent shortage . THE BENEFITS INCLUDE IN EDUCATION, TELEMEDICINE (HEALTH INDUSTRY), BANKING, AGRICULTURE, AND INDUSTRY 4.0..ETC

2. India @75 When India gained independence in 1947, there was  extreme poverty and hunger . In these 75 years, India could vastly reduce poverty and has become  one of the fastest growing economies in the world . The green revolution began in the 1960s and food production has gone up to a great extent that at present India is  supplying food to other counties In 1947, most of the population in India are illiterate. The literacy rate in India in the year 1951 was 18.3%. As of 2017-18, the literacy rate is 77.7 % In 1947, the expectancy of an average Indian citizen was around 32 years, in 2022, it is 70.19 becoming the world leader in digital transactions

3. As per World Inequality Report 2022,  India is among the most unequal countries in the world. As per the report, the top 10 per cent of the country’s population holds 57 per cent of the national income domestic abuse & reduce the gender gap  improve the income of farmers by making agriculture profitable . skill gap  is contributing to the unemployment problem India has come a long way since independence. From the phase of struggling with hunger and poverty, India reached a stage, where it is supplying food and skilled professionals to other countries. For the world, India is a role model for maintaining unity in diversity. While celebrating these achievements, we should work towards achieving more and solving the present challenges

4. Neo-banks vs Traditional banks Neo banks: Neo banks  operate exclusively online  without traditional physical branch networks. They provide  digital and mobile-first financial solutions  such as payments, money transfers, money loans, and more. Jupiter , Fi Money, and Niyo  are some of the top neo banks in India ADV: SAVE ON OVERHEAD COSTS LOWER FEES DIGITAL HENCE 24*7 SERVICES can open specialized neo-banks that target a specific type of customer’s needs. EX:ONLY FOR WOMEN

5. CHALLENGES: TRUST SMALL RANGE OF SERVICES TECH LITERACY RBI POLICIES Neo bank has made banking much more convenient than ever before. It is fast, user-friendly, and easily accessible from anywhere in the world. Yet traditional banks hold a very important place in the growth of an economy through credit creation. If neo banks are recognized by the RBI and manage to gain people’s trust, their customer base will grow many fold. Whether it will replace traditional banking in the future is still hard to say as the full potential of neo-banks is yet to be seen.

6. FINTECH CHALLENGES FinTech (Financial technology) is  helping in achieving financial inclusion  by making financial services more accessible to an increasing number of people. But the fintech industry has several challenges to tackle FinTech companies  use technology to improve the delivery of banking and financial services .  Phonepe , CRED, and Groww  are some of the fintech companies based in India. CYBER ATTACKS lack of digital literacy Providing security and good user experience

7. poor internet connectivity GAIN TRUST OF PEOPLE FinTech is helping in achieving financial inclusion by making financial services more accessible to an increasing number of people. But the fintech industry has several challenges to tackle. The companies are actively working towards overcoming these challenges .

8. INFLATION   inflation is now the world’s biggest concern more than COVID-19 Lockdowns due to covid pandemic  disrupted supply chains. fuel, electricity and food prices are rising worldwide  due to high demand and low supply, the inflation rate is still on the rise Russia’s invasion of Ukraine made the situation even worse because that created even more shortages of crude oil, wheat, edible oil and some other commodities To control the rising prices, central banks  raise interest rates AT THE COST OF ECONOMY SLOW DOWN. COMPANY JOB CUTS AND UNEMPLOYMENT At present, the world’s biggest concern is inflation. To tackle high inflation, central banks of many countries raised interest rates. Despite the move, inflation rates may continue to be high in the next few months

9. DEEP TECH STARTUP Deep Tech or Hard Tech startups are companies that develop engineering and scientific innovations to solve complex real-world problems. Developing an affordable solution for treating life-threatening diseases, creating IoT -based accident prevention systems for vehicles etc. are good examples of what deep tech startups can do There are more than 100 unicorns (startups valued at over US$1 billion) in India as of June 2022, but there is  not even one deep tech startup among them India has more than 65,000 registered startups as of June 2022. India is the third-largest startup ecosystem in the world after China and US. But  only less than 1% of them are deep tech startups . In general, deep tech startups require more time to fetch revenues. On average, deep tech startups need 5 to 8 years to reach that stage, whereas other startups take 1 to 3 years

10. At India’s top STEM (Science, technology, engineering, and mathematics) colleges, a good amount of high-quality research is taking place. A  collaboration of research students from STEM colleges and students with entrepreneurial skills from other colleges  can greatly help in taking the research projects to the commercial market and analyzing customer discovery Deep Tech or Hard Tech startups are companies that develop engineering and scientific innovations to solve complex real-world problems. There is a need to create more deep tech startups in India to develop solutions to the unique challenges in the country.

11. GREEN ECONOMY A green economy aims at development without causing a negative impact on the environment The present economy encourages people to buy more things. Rising materialism is depleting natural resources, causing a negative impact on the environment. The green economy is an  alternate economic model , which focuses on conscious consumption, promotes reusing, repairing and recycling things CIRCULAR ECONOMY LOW C EMISSION BIOECONOMY\CLEAN ENERGY The green economy paves the way toward sustainable development and ensures the availability of natural resources for future generations. All the countries should implement policies to shift the economic model towards green economy

12. DIGITAL FOOTPRINT Digital Footprint is  a record of our information online . There are two types of digital footprints. One is the active digital footprint and another one is the passive digital footprint . An  active digital footprint  is what we post online intentionally. EX-SOCIAL MEDIA A  passive digital footprint  is a piece of information we leave on the internet unintentionally. EX-BROWSING HISTORY HIRING/REPUTATION/THEFT/MISUSE/DATA BREACH/ADVERTISEMENTS/TROLL Erasing and managing digital footprints can help us in improving our reputation cautious about what we share online. It is better not to share personal information more than necessary i t is important to be cautious about what we share online. A positive digital presence, which does not give away too much personal information can help us in building a good reputation