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 India embarked on a new economic trajectory in 1991 with the adoption of liberalization, privatization, and globalization (LPG) reforms. These reforms marked a structural shift from a predominantly state-controlled economy to a more market-oriented system. The intent was to boost growth, attract foreign investment, improve efficiency, and integrate India with the global economy. Over…