Introduction Globalization refers to the process of increasing interconnectivity and interdependence among countries and regions through the exchange of goods, services, technology, and culture. Over the last few decades, globalization has become a driving force behind many economic, social, and political changes. While it has contributed to global economic growth and poverty reduction, it has…
Introduction NITI Aayog (National Institution for Transforming India) was established on January 1, 2015, to replace the Planning Commission. As a policy think tank of the Government of India, NITI Aayog plays a crucial role in shaping India’s long-term developmental strategies, formulating policies, and enhancing cooperative federalism. It serves as an advisory body providing directional…
Introduction Reverse migration is the movement of people from urban areas back to their rural hometowns, often due to economic distress, loss of employment, or health crises. The COVID-19 pandemic triggered one of the largest instances of reverse migration in Indian history, particularly affecting states like Uttar Pradesh, which saw millions of migrant workers return…
Introduction Poverty alleviation has been one of the key priorities of the Indian government since independence. Rural India, where a large section of the population depends on agriculture and daily wage labor, faces persistent poverty, unemployment, and income disparity. To address this issue, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was enacted in…
Introduction Inclusive growth is a development strategy that aims to ensure economic progress benefits all sections of society while maintaining environmental sustainability. It focuses on reducing inequalities, promoting social justice, and ensuring that growth does not come at the cost of environmental degradation. In an era where economic disparities and climate change are pressing concerns,…
Introduction Globalization is a complex and multifaceted phenomenon that refers to the increasing interconnectedness of economies, societies, and cultures across the world. It is characterized by the flow of goods, services, technology, capital, information, and labor across borders. The process of globalization has been accelerated by advancements in transportation, communication, and economic liberalization. In India,…
Introduction Skill development is a critical component of economic growth and national development. A well-trained and skilled workforce contributes to higher productivity, improved employment opportunities, and increased global competitiveness. In a country like India, where the working-age population is growing rapidly, skill development plays a crucial role in harnessing human capital and driving economic progress….
Introduction Inclusive growth has emerged as the cornerstone of India’s development strategy. It aims to ensure that economic progress benefits all sections of society, particularly marginalized and disadvantaged groups. Unlike traditional economic growth, which focuses solely on GDP expansion, inclusive growth emphasizes equitable distribution of wealth, access to basic services, and opportunities for all. In…
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…
In the modern world, economic development is intricately linked with social justice. As economies strive to foster equitable growth and provide opportunities for all, financial inclusion emerges as a fundamental building block for achieving both social justice and sustainable development. Financial inclusion refers to the process of ensuring that individuals, particularly those from marginalized or…