Introduction The food processing industry plays a crucial role in a nation’s economy by reducing agricultural wastage, increasing value addition, generating employment, and ensuring food security. In developed countries like the United States, Germany, and Japan, the food processing sector has evolved into a high-tech industry, leveraging automation, stringent quality control, and robust supply chain…
1. Introduction The “Make in India” initiative, launched in 2014, aims to transform India into a global manufacturing hub by boosting domestic production, attracting foreign investments, and increasing exports. However, the success of this ambitious program is closely tied to two critical factors: the effectiveness of the “Skill India” program and the implementation of radical…
Introduction Globalization is one of the most significant forces shaping the modern world economy. It refers to the increasing interconnectedness and interdependence of economies across the globe, driven by trade, investment, technology, and the movement of labor. In India, globalization gained momentum after the 1991 economic liberalization, which opened the country’s markets to foreign investment,…
Globalization and privatization are two crucial concepts in modern economics and policy-making. They both have significant impacts on the economic, social, and political landscape, especially in the context of developing countries. Let’s explore their definitions, objectives, and implications in detail. Globalization: Definition and Objectives Globalization refers to the process through which businesses, technologies, information, cultures,…
The economic crisis in Sri Lanka has been one of the most significant financial and political upheavals in recent history. The small island nation faced a catastrophic collapse of its economy in 2022, leading to widespread protests, food shortages, and a political crisis. While the immediate impacts were most keenly felt within Sri Lanka, the…