The Finance Commission of India plays a crucial role in ensuring equitable distribution of financial resources between the central government and the states. Established under Article 280 of the Indian Constitution, the Finance Commission’s primary responsibility is to recommend the distribution of the net proceeds of taxes between the Union and the States, as well…
India’s diaspora is one of the largest in the world, with over 30 million people of Indian origin spread across various continents. The Indian diaspora has contributed significantly to the global economy and has also played a pivotal role in strengthening India’s cultural and political ties with other countries. The government of India has recognized…
Human resource management (HRM) plays a critical role in shaping the performance, growth, and sustainability of organizations worldwide. In India, HRM has become an integral aspect of the corporate sector, government institutions, and various other industries as it works to address the country’s vast and diverse workforce. India, with its population of over 1.4 billion,…
Introduction The COVID-19 pandemic and the subsequent lockdowns imposed by the Indian government had a profound impact on the country’s economy. The sudden halt in economic activities led to a sharp decline in GDP growth, disrupted supply chains, increased unemployment, and posed challenges to businesses across sectors. To counter the recessionary trends induced by the…
Introduction Agriculture is the backbone of India’s economy, providing livelihoods to nearly 60% of the population. Any change in agricultural policies has a direct impact on millions of farmers and the country’s food security. In recent years, India’s government introduced three new farm laws aimed at reforming the agricultural sector by promoting private investment and…
Introduction The Finance Commission plays a crucial role in shaping the fiscal framework between the Centre and the States in India. Established under Article 280 of the Indian Constitution, the Finance Commission is a constitutional body tasked with recommending the distribution of financial resources between the Union (Central Government) and the States, as well as…
The Indian Union Budget for 2025, presented by Finance Minister Nirmala Sitharaman, holds immense significance as it sets the financial framework for the country’s economic growth and social welfare for the upcoming fiscal year. This budget aims to navigate India through the complex challenges of global economic uncertainties while fostering sustainable growth, social equity, and…
Introduction Globalization and liberalization have significantly transformed the Indian economy, driving economic growth, enhancing trade, and improving technological capabilities. India’s economic liberalization, which began in 1991, marked a shift from a protectionist economy to an open and market-driven system. These reforms integrated India into the global economy, leading to increased foreign trade, capital inflows, and…
Introduction Agriculture is the backbone of the Indian economy. Despite the rapid growth of industrialization and the service sector, agriculture continues to play a crucial role in India’s socio-economic development. It supports a vast majority of the population by providing employment, contributing to the Gross Domestic Product (GDP), ensuring food security, and supplying raw materials…
The Indian economy, often referred to as the backbone of one of the world’s largest democracies, has exhibited remarkable resilience and adaptability in the face of global challenges.