Introduction In the age of globalization, regional economic cooperation plays a crucial role in promoting peace, prosperity, and sustainable growth. Countries across the world form economic groupings and trade blocs to strengthen regional integration, enhance trade, and ensure collective progress.In South and Southeast Asia, several such initiatives have emerged, including the South Asian Free Trade…
Introduction The United Nations Conference on Trade and Development (UNCTAD) is a vital organ of the United Nations system established to promote the integration of developing countries into the world economy in a fair, balanced, and sustainable manner. Formed in 1964, UNCTAD has served as a permanent intergovernmental body focusing on issues of international trade,…
Introduction Export promotion is a critical aspect of economic policy for a developing country like India. Exports not only generate valuable foreign exchange but also create employment opportunities, foster industrial growth, and strengthen international trade relations. The Government of India has adopted a variety of measures to boost exports, ranging from policy reforms to institutional…
Introduction The global economy has become increasingly interdependent, with international trade serving as a lifeline for growth, industrialization, and technological advancement. However, this interdependence also exposes countries to external shocks arising from disputes between major economic powers. The U.S.-China trade war, which began in 2018, has been one of the most significant disruptions in the…
Introduction In the globalized economy of the 21st century, international trade forms the backbone of economic growth for both developed and developing countries. For a country like India, which is steadily moving towards becoming the world’s third-largest economy, exports are not merely a source of foreign exchange but also a driver of industrial growth, employment…
Introduction India, one of the fastest-growing economies in the world, has long aspired to become a global manufacturing hub. With its large workforce, growing domestic market, and favorable geographical location, the country has immense potential to strengthen its industrial base. To realize this potential, the Government of India launched the “Make in India” initiative on…
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…
Introduction Industrial corridors are large infrastructure projects aimed at boosting industrialization, economic growth, and regional development. These corridors serve as growth engines by integrating industries, transport networks, and urbanization, leading to the holistic development of various regions in India. The government of India has launched several industrial corridor projects, such as the Delhi-Mumbai Industrial Corridor…
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 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…