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 Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in India’s economic development, contributing significantly to GDP, employment, exports, and industrial output. Often referred to as the backbone of the Indian economy, MSMEs are instrumental in promoting entrepreneurship, fostering innovation, and supporting inclusive growth. However, despite their contributions, MSMEs face multiple challenges, including…
Introduction The economic reforms of 1991 marked a turning point in India’s economic history. Prior to 1991, the Indian economy was characterized by a mixed economic model with a heavy reliance on state control, licensing systems, and protectionist policies. However, due to a severe balance of payments crisis, the government was compelled to introduce a…
Introduction Urbanization has been one of the most defining trends of modern economic development. In India, the rapid expansion of cities and towns has significantly contributed to economic growth, industrialization, and infrastructure development. With an increasing population migrating to urban centers in search of better employment opportunities, education, healthcare, and living standards, urbanization has become…
Introduction The iron and steel industry is one of the most significant sectors in India’s industrial landscape. It forms the backbone of economic development, providing raw materials for infrastructure, transportation, and manufacturing. The industry is primarily concentrated in specific regions due to the availability of raw materials, proximity to markets, labor supply, and favorable government…
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…
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…
Industrial development plays a crucial role in the economic growth of any country. However, in India, a significant number of industries, both large and small, face financial distress and operational inefficiencies, leading to industrial sickness. This issue not only affects employment but also impacts the overall economic progress of the country. This article delves into…
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…
Prayagraj, historically known as Prayag, holds a profound place in both ancient and modern Indian culture. Its significance is deeply intertwined with religion, history, and mythology, shaping not just regional identities but the spiritual consciousness of the entire Indian subcontinent. The city, situated at the confluence of the Ganga, Yamuna, and Sarasvati rivers, is one…