Utilization of public funds

Effective utilization of public funds is crucial to meet development goals. Critically examine the reasons for under-utilization and mis-utilization of public funds and their implications. (UPSC 2019, 10 Marks, )

विकास लक्ष्यों को प्राप्त करने के लिए सार्वजनिक धन का प्रभावी उपयोग महत्वपूर्ण है। सार्वजनिक धन के कम उपयोग और दुरुपयोग के कारणों और उनके प्रभावों की आलोचनात्मक जांच करें
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Introduction

Effective utilization of public funds is indeed crucial for achieving development goals and ensuring the well-being of a nation. However, improper-utilization of public funds is a persistent challenge that can hinder progress and have significant implications.

Explanation
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India is an emerging economic power of the world as it has recently secured the status of fourth largest economy of the world as per IMF projection. However, it has been observed that in some sectors, allocated funds remain either under-utilized or misutilized. What specific measures would you recommend for ensuring accountability in this regard to stop leakages and gaining the status of third largest economy of the world in near future? (UPSC 2025, 10 Marks, )

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