Introduction In the contemporary globalized world, multilateral groupings play a pivotal role in shaping economic, strategic, and political landscapes. Nations increasingly rely on such frameworks to coordinate on global challenges, enhance trade, address security threats, and promote regional development. India, as a rising global power, actively engages in several such groupings including G20, SCO (Shanghai…
Introduction Social justice is a cornerstone of the Indian Constitution and a guiding principle of governance. It emphasizes equity, inclusivity, and protection of vulnerable groups. Welfare schemes, both at the central and state levels, play a crucial role in empowering disadvantaged communities by addressing issues of poverty, inequality, gender discrimination, disability, and economic marginalization. In…
Introduction Legislation forms the backbone of a nation’s governance. In India, as society evolves, the government continuously brings new Acts or amends existing ones to meet changing economic, technological, and social challenges. In recent years, key areas like Income Tax laws, Data Privacy, and Electoral Reforms have seen significant changes. These reforms not only impact…
Introduction The H-1B visa has emerged as one of the most important non-immigrant visas in the United States, especially for skilled professionals in technology, engineering, healthcare, and finance. For decades, this visa has served as a gateway for global talent, particularly from India, to contribute to the U.S. economy while also benefiting their own families…
Introduction Inflation measurement plays a crucial role in understanding the health of an economy. Governments, central banks, businesses, and individuals depend on inflation indicators to make informed decisions about investment, consumption, and policy formulation. Two of the most widely used indicators for measuring inflation are the Wholesale Price Index (WPI) and the Consumer Price Index…
Introduction Inflation is one of the most discussed concepts in economics because it affects every individual, household, business, and government. At its core, inflation represents a general rise in prices over a period of time. While moderate inflation is often considered a sign of economic growth, uncontrolled or excessive inflation can destabilize economies and harm…
Introduction The Balance of Payments (BOP) is one of the most critical indicators of a country’s economic health and external sector stability. It records all economic transactions between residents of a country and the rest of the world during a specific period, usually a year. The BOP is a comprehensive statement that includes trade in…
Introduction Non-Resident Indians (NRIs) play a crucial role in the Indian economy, particularly through their remittances and deposits. NRI deposits represent a significant portion of India’s foreign exchange reserves, contribute to capital formation, and facilitate economic growth. The Reserve Bank of India (RBI) and Indian banks have developed specific mechanisms to encourage NRIs to deposit…
Introduction International trade is the backbone of modern globalization, and its regulation has been one of the most significant challenges since the 20th century. Countries often face conflicts over tariffs, subsidies, and trade restrictions, which, if unresolved, can escalate into trade wars. To prevent such outcomes and promote a rules-based system of trade, global institutions…
Introduction Export promotion is a critical aspect of economic policy for a developing country like India. Exports not only generate valuable foreign exchange but also create employment opportunities, foster industrial growth, and strengthen international trade relations. The Government of India has adopted a variety of measures to boost exports, ranging from policy reforms to institutional…