The banking sector in India is a critical pillar of the country’s financial system, facilitating economic growth, financial inclusion, and capital formation. Over the past few years, the sector has undergone significant changes, driven by regulatory reforms, digital transformation, and government interventions. However, it has also faced persistent challenges, including non-performing assets (NPAs), financial fraud,…
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…
Poverty is one of the most pressing socio-economic challenges in India, especially in rural areas where a large segment of the population struggles with inadequate income, lack of access to basic services, and limited employment opportunities. Understanding how poverty is measured and the various initiatives taken to combat rural poverty is crucial for addressing this…
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 In the modern world, digital payments have emerged as a transformative force, reshaping the financial landscape. The advent of digital financial services has created unprecedented opportunities for financial inclusion, enabling millions of people worldwide to access banking services that were previously unavailable to them. Digital payments facilitate economic participation, enhance financial literacy, and empower…
Introduction Digital India is a flagship initiative launched by the Government of India in 2015 to transform the country into a digitally empowered society and knowledge economy. This ambitious program aims to improve online infrastructure, expand internet connectivity, and ensure that government services are made available to citizens electronically. Over the years, Digital India has…
Introduction Digital India is a flagship initiative launched by the Government of India in 2015 to transform the country into a digitally empowered society and knowledge economy. This ambitious program aims to bridge the digital divide by ensuring digital access, digital literacy, and digital infrastructure across urban and rural areas. With a focus on e-Governance,…
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 Agriculture and rural development are integral to the economic and social progress of any nation, especially in countries like India, where a significant portion of the population depends on agriculture for livelihood. Rural development goes hand in hand with agricultural advancements, ensuring sustainable growth, food security, employment generation, and overall economic stability. This essay…
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…