The Production Linked Incentive (PLI) Scheme for semiconductor manufacturing is an initiative introduced by the Government of India to promote domestic semiconductor production. The semiconductor industry plays a vital role in the modern digital economy, powering everything from smartphones to advanced computing systems. With India’s growing demand for semiconductors and the global chip shortage of…
Introduction NITI Aayog (National Institution for Transforming India) was established on January 1, 2015, to replace the Planning Commission. As a policy think tank of the Government of India, NITI Aayog plays a crucial role in shaping India’s long-term developmental strategies, formulating policies, and enhancing cooperative federalism. It serves as an advisory body providing directional…
Introduction The phrase “Leaving No One Behind” (LNOB) serves as the guiding principle of the United Nations’ Sustainable Development Goals (SDGs), which aim to address global challenges while ensuring that all individuals, particularly the marginalized and disadvantaged, benefit from progress. This commitment emphasizes equity, inclusivity, and sustainability, recognizing that true development must uplift everyone—regardless of…
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 Poverty alleviation has been one of the key priorities of the Indian government since independence. Rural India, where a large section of the population depends on agriculture and daily wage labor, faces persistent poverty, unemployment, and income disparity. To address this issue, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was enacted in…
Introduction Artificial Intelligence (AI) has rapidly emerged as a transformative technology, impacting multiple aspects of human life. From automating industries to revolutionizing healthcare, AI has the potential to reshape the socio-economic landscape. One of the most crucial applications of AI is its ability to uplift the economically disadvantaged sections of society. With the right implementation,…
Introduction Unemployment is one of the major socio-economic issues faced by India. It refers to the condition where people who are willing and able to work at the prevailing wage rate are unable to find suitable employment. The problem of unemployment not only leads to financial instability but also affects social harmony and economic growth….
1. Introduction The “Make in India” initiative, launched in 2014, aims to transform India into a global manufacturing hub by boosting domestic production, attracting foreign investments, and increasing exports. However, the success of this ambitious program is closely tied to two critical factors: the effectiveness of the “Skill India” program and the implementation of radical…
Introduction Globalization is one of the most significant forces shaping the modern world economy. It refers to the increasing interconnectedness and interdependence of economies across the globe, driven by trade, investment, technology, and the movement of labor. In India, globalization gained momentum after the 1991 economic liberalization, which opened the country’s markets to foreign investment,…
Introduction Biotechnology is one of the most transformative fields of modern science, driving economic growth and business development worldwide. From pharmaceuticals to agriculture and industrial applications, biotechnology plays a pivotal role in shaping industries, improving productivity, and fostering innovation. In this article, we will explore how biotechnology contributes to economic growth and the ways businesses…