India has set an ambitious goal of becoming a $5 trillion economy, a vision that represents its aspirations for rapid economic expansion, global competitiveness, and improved living standards. The government has undertaken key structural reforms, policy measures, and sectoral advancements to accelerate growth, but significant challenges remain. This article critically analyzes India’s progress toward achieving…
A nation’s economic growth and development depend heavily on how its government allocates financial resources through the annual budget. The budget determines the course of public spending, taxation, investment in key sectors, and social welfare initiatives, all of which shape economic stability and progress. In India, the Union Budget is a crucial policy instrument that…
A fiscal deficit is an essential concept in the field of public finance and plays a critical role in understanding a country’s economic health. In simple terms, a fiscal deficit occurs when a government’s total expenditure exceeds the revenue that it generates, excluding borrowing. It is often expressed as a percentage of a country’s GDP…
Inflation is one of the most critical macroeconomic challenges affecting India’s economy. It refers to the sustained increase in the general price level of goods and services over time. While moderate inflation is considered beneficial for economic growth, high and persistent inflation erodes purchasing power, increases the cost of living, and creates financial instability. In…
Introduction The Second World War (1939-1945) was one of the most devastating conflicts in human history, leading to massive destruction, loss of life, and economic ruin. With the horrors of war still fresh in the minds of global leaders, efforts to establish and maintain world peace became a top priority. Various initiatives were undertaken at…
Introduction Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in shaping India’s economic landscape. Often referred to as the backbone of the Indian economy, MSMEs contribute significantly to employment generation, industrial output, exports, and inclusive growth. With more than 63 million enterprises spread across the country, MSMEs collectively employ over 110 million people…
Introduction The concept of a self-reliant India, or “Atmanirbhar Bharat,” has gained significant momentum in recent years, especially in light of global disruptions such as the COVID-19 pandemic. Announced by Prime Minister Narendra Modi, this vision aims to reduce dependency on foreign goods, boost domestic industries, and make India a global manufacturing and economic hub….
Introduction In today’s rapidly evolving world, security threats have expanded beyond traditional concerns of military aggression and interstate conflict. Alongside conventional security challenges, non-traditional security threats such as money laundering and human trafficking have emerged as serious issues impacting global peace, stability, and governance. These threats are complex, multifaceted, and difficult to address due to…
Role of Education in the Eradication of Unemployment Unemployment has remained one of the most pressing issues across the globe, affecting millions of people each year. While there are various causes and contributing factors to unemployment, education stands out as one of the most influential tools in reducing it. Education plays a key role in…