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 Industrial policy plays a crucial role in shaping the economic trajectory of a nation. The term ‘New Industrial Policy’ generally refers to a shift in the approach of the government towards industrial development, with the aim of making industries more competitive, innovative, and globally integrated. India’s New Industrial Policy, introduced in 1991, marked a…
Introduction Capitalism and social justice are often perceived as opposing forces. Capitalism, driven by free markets, private ownership, and profit motives, is seen as fostering competition, wealth accumulation, and economic inequality. On the other hand, social justice aims to ensure fairness, equity, and equal opportunities for all individuals, regardless of their socio-economic background. This apparent…
Introduction The gig economy, characterized by short-term, flexible jobs, has witnessed a significant rise globally, including in India. With the advent of digital platforms, changing work preferences, and economic shifts, gig work has become an essential component of India’s labor market. This article delves into the impact of the gig economy on employment patterns in…
Introduction Cottage industries, also known as small-scale or home-based industries, play a crucial role in the economic framework of many developing nations, including India. These industries primarily operate in rural and semi-urban areas, where people manufacture goods using traditional methods and minimal machinery. The significance of cottage industries in India is profound, as they contribute…
Lakes play a crucial role in sustaining ecosystems, supporting livelihoods, and driving economic growth. Their utility extends beyond mere water reservoirs, encompassing diverse sectors such as agriculture, fisheries, tourism, industry, and urban development. This article explores the various uses of lakes and their significant contribution to economic growth. 1. Importance of Lakes Lakes are vital…
Introduction Uttar Pradesh (UP) is India’s most populous state and one of the largest contributors to the country’s economy. The revenue system of the state plays a crucial role in generating funds necessary for governance, public welfare, and infrastructure development. However, despite its vast resources and economic potential, the state faces several challenges in its…
Introduction Industrial policy plays a pivotal role in shaping a nation’s economic growth by promoting investment, boosting production, and generating employment. India, being one of the fastest-growing economies in the world, has adopted various industrial policies to accelerate its growth trajectory. The present industrial policy of the Government of India is focused on enhancing domestic…