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.