Introduction India, one of the fastest-growing economies in the world, faces significant challenges in addressing poverty and inequality despite its impressive economic growth in recent decades. Over 270 million people in India still live in poverty, and income inequality remains a major issue. While government policies, social welfare programs, and economic reforms have contributed to…
Introduction Globalization refers to the process of increasing interconnectivity and interdependence among countries and regions through the exchange of goods, services, technology, and culture. Over the last few decades, globalization has become a driving force behind many economic, social, and political changes. While it has contributed to global economic growth and poverty reduction, it has…
The Finance Commission of India plays a crucial role in ensuring equitable distribution of financial resources between the central government and the states. Established under Article 280 of the Indian Constitution, the Finance Commission’s primary responsibility is to recommend the distribution of the net proceeds of taxes between the Union and the States, as well…
Introduction Liberalization refers to the process of reducing government restrictions and regulations in economic and social policies, allowing greater participation of private and foreign entities in the market. It aims to enhance efficiency, encourage competition, and foster economic growth. In India, the economic liberalization that began in 1991 under the leadership of then-Prime Minister P.V….
Introduction Globalization is a complex and multifaceted phenomenon that refers to the increasing interconnectedness of economies, societies, and cultures across the world. It is characterized by the flow of goods, services, technology, capital, information, and labor across borders. The process of globalization has been accelerated by advancements in transportation, communication, and economic liberalization. In India,…
Introduction The Industrial Revolution was one of the most significant events in human history, fundamentally altering the structure of societies across the world. It began in the late 18th century in Britain and gradually spread to other parts of Europe, North America, and eventually the rest of the world. While commonly viewed as a period…