Introduction Inflation measurement plays a central role in shaping monetary policy, welfare schemes, wage negotiations, and economic planning. In India, the Consumer Price Index (CPI) has emerged as the primary indicator of retail inflation, directly influencing policy decisions taken by Reserve Bank of India and welfare targeting by the government. Recognizing rapid changes in consumption…
Introduction India’s democratic system rests on three foundational pillars — constitutional institutions, administrative machinery, and economic governance frameworks. These pillars determine how effectively policies are implemented, rights are protected, and development is measured. In recent times, debates surrounding electoral processes, civil service performance, and economic indicators have gained renewed attention. These discussions are not isolated;…
Introduction The National Institution for Transforming India (NITI Aayog) is India’s apex public policy think tank, established on 1st January 2015 by the Government of India. It replaced the Planning Commission, which had been in operation since 1950. The formation of NITI Aayog marked a significant shift from centralized planning to decentralized and cooperative federalism,…