Introduction Monetary policy is a critical component of a country’s macroeconomic management. It involves regulating the money supply, interest rates, and credit availability in the economy to maintain price stability, ensure adequate liquidity, and foster economic growth. In India, the Reserve Bank of India (RBI) is entrusted with the responsibility of formulating and implementing monetary…
Introduction Economic growth is essential for national development, but it must be accompanied by equality and distributive justice to ensure that the benefits reach all sections of society. Inclusive growth refers to a development process that fosters economic expansion while reducing inequalities in wealth, opportunities, and social mobility. In India, various policy measures have been…
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 COVID-19 pandemic and the subsequent lockdowns imposed by the Indian government had a profound impact on the country’s economy. The sudden halt in economic activities led to a sharp decline in GDP growth, disrupted supply chains, increased unemployment, and posed challenges to businesses across sectors. To counter the recessionary trends induced by the…
Introduction The COVID-19 pandemic, which emerged in late 2019, caused an unprecedented global crisis, affecting health, societies, and economies worldwide. While the immediate concern was the health emergency, the pandemic also led to one of the most severe economic downturns in modern history. Nations across the globe faced economic contractions, business closures, job losses, and…