Introduction The Reserve Bank of India (RBI), the central bank of India, plays a pivotal role in the regulation and supervision of the country’s financial system. Established in 1935, the RBI’s core functions include managing the monetary policy, regulating banks and financial institutions, maintaining financial stability, and ensuring the integrity of the financial markets. The…
Introduction In the context of global economic development, financial inclusion refers to the process of ensuring that individuals and businesses, regardless of their financial status, have access to useful and affordable financial products and services. These include payments, credit, insurance, and savings that are delivered in a responsible and sustainable manner. In India, financial inclusion…
Introduction Uttar Pradesh (UP), India’s most populous state, has long been a focal point of economic activity in the country. Home to over 220 million people, UP is poised to play a crucial role in India’s economic trajectory. The state’s economy has shown substantial growth in recent years, but it still faces significant hurdles that…
Introduction Uttar Pradesh (UP), India’s most populous state, has a rich cultural heritage, a vibrant history, and immense potential for economic development. The state’s diverse economy is supported by several sectors, but tourism and Micro, Small, and Medium Enterprises (MSMEs) stand out as key contributors to its growth. Together, these sectors offer both immediate and…
Introduction India, despite being one of the fastest-growing economies in the world, continues to face the persistent challenge of poverty. With its rapid economic growth, the country has witnessed an increase in its GDP, infrastructure development, and human capital. However, these gains have not always been equitably distributed, and large sections of the population remain…
Introduction India’s economic growth story since the 1990s has been marked by robust GDP expansion. However, a striking paradox has emerged in recent years—despite steady or even high economic growth, employment generation has not kept pace. This phenomenon, commonly referred to as jobless growth, is one of the most pressing challenges facing the Indian economy…
Introduction Infrastructure is the backbone of any modern economy. From roads, railways, and ports to power grids, internet connectivity, and urban transport systems, the development of infrastructure significantly influences a region’s ability to grow economically. Infrastructure acts as both an enabler and catalyst of development—it facilitates trade, improves access to resources and services, reduces production…
Introduction India’s economic ambition to become a global manufacturing hub received a major policy push with the introduction of the Production Linked Incentive (PLI) Scheme. Launched in 2020, the PLI scheme marks a structural shift in India’s industrial policy—moving away from input subsidies and tariff protection toward performance-based incentives linked directly to output. The scheme…
Introduction Agriculture remains the cornerstone of the Indian economy, employing nearly 42% of the workforce and contributing to food security for 1.4 billion people. However, the growth and sustainability of agriculture depend critically on the availability, accessibility, and affordability of credit. Credit is the lifeblood that enables farmers to purchase seeds, fertilizers, equipment, and access…
Introduction Indian agriculture, despite being a major livelihood source for more than 50% of the population, has long been trapped in issues of fragmentation, low productivity, price volatility, and weak market linkages. In this context, two key institutional reforms—Farmer Producer Organizations (FPOs) and the electronic National Agriculture Market (e-NAM)—have been introduced to transform the structure…