Introduction Cottage industries, also known as small-scale or home-based industries, play a crucial role in the economic framework of many developing nations, including India. These industries primarily operate in rural and semi-urban areas, where people manufacture goods using traditional methods and minimal machinery. The significance of cottage industries in India is profound, as they contribute…
Introduction India, a fast-growing economy, has set ambitious goals for transforming its industrial sector, which plays a crucial role in driving economic growth, employment, and development. To achieve these goals, India has introduced various initiatives and policies that aim to boost the manufacturing sector, promote entrepreneurship, and create a conducive environment for innovation. Two key…
Introduction India, one of the fastest-growing economies in the world, faces significant challenges in addressing poverty and inequality despite its impressive economic growth in recent decades. Over 270 million people in India still live in poverty, and income inequality remains a major issue. While government policies, social welfare programs, and economic reforms have contributed to…
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…