Industrial development plays a crucial role in the economic growth of any country. However, in India, a significant number of industries, both large and small, face financial distress and operational inefficiencies, leading to industrial sickness. This issue not only affects employment but also impacts the overall economic progress of the country. This article delves into…
Introduction Inclusive growth is a development approach that ensures economic expansion benefits all sections of society, particularly the marginalized and disadvantaged groups. It goes beyond mere GDP growth and emphasizes equitable distribution of wealth, access to opportunities, and social justice. For a country like India, where disparities in income, social status, and access to resources…
Introduction The Prime Minister of India is the head of government and the most significant political authority in the country. Over the years, the role of the Prime Minister has evolved due to changes in political dynamics, governance structures, public expectations, and global influences. The Prime Minister’s role today is more than just being the…
Introduction India, a fast-growing economy, has set ambitious goals for transforming its industrial sector, which plays a crucial role in driving economic growth, employment, and development. To achieve these goals, India has introduced various initiatives and policies that aim to boost the manufacturing sector, promote entrepreneurship, and create a conducive environment for innovation. Two key…
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 The food processing industry plays a crucial role in a nation’s economy by reducing agricultural wastage, increasing value addition, generating employment, and ensuring food security. In developed countries like the United States, Germany, and Japan, the food processing sector has evolved into a high-tech industry, leveraging automation, stringent quality control, and robust supply chain…
Uttar Pradesh (UP), India’s most populous state, with over 220 million residents, has long faced challenges related to unemployment, poverty, and economic development. However, in recent years, the state has made concerted efforts to transform itself into a more investment-friendly environment to boost its economy. A pivotal part of these efforts has been the state’s…
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 In the fiscal year 2021–22, the Uttar Pradesh State Government introduced several new schemes aimed at bolstering the state’s socio-economic framework. With a budget allocation of ₹5,50,270.8 crore, including ₹27,598.4 crore dedicated to new initiatives, the government focused on areas such as agriculture, health, infrastructure, and employment. This analysis delves into the specific schemes…
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…