India has set an ambitious goal of becoming a $5 trillion economy, a vision that represents its aspirations for rapid economic expansion, global competitiveness, and improved living standards. The government has undertaken key structural reforms, policy measures, and sectoral advancements to accelerate growth, but significant challenges remain. This article critically analyzes India’s progress toward achieving…
A nation’s economic growth and development depend heavily on how its government allocates financial resources through the annual budget. The budget determines the course of public spending, taxation, investment in key sectors, and social welfare initiatives, all of which shape economic stability and progress. In India, the Union Budget is a crucial policy instrument that…
Introduction Unemployment is one of the most pressing socio-economic issues in India, and Uttar Pradesh (U.P.), the most populous state, faces a severe crisis of educated unemployment. Despite possessing educational qualifications, a significant portion of the youth remains jobless, leading to economic distress and social instability. The paradox of rising education levels and increasing unemployment…
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…
Introduction Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in shaping India’s economic landscape. Often referred to as the backbone of the Indian economy, MSMEs contribute significantly to employment generation, industrial output, exports, and inclusive growth. With more than 63 million enterprises spread across the country, MSMEs collectively employ over 110 million people…
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…
The Bundelkhand region of Uttar Pradesh, located in the central part of India, is known for its rich mineral resources that have significantly contributed to the region’s industrial development. Bundelkhand, comprising districts like Jhansi, Chitrakoot, Mahoba, Banda, and Lalitpur, is endowed with various mineral deposits, including limestone, bauxite, mica, dolomite, and granite. These minerals have…
The Poorvanchal Expressway, inaugurated in November 2021, is a significant infrastructure project that connects Lucknow, the capital of Uttar Pradesh, to Ghazipur in the eastern part of the state. Spanning approximately 340 kilometers, it is one of India’s most ambitious expressway projects aimed at enhancing connectivity, fostering economic growth, and improving regional integration. Developed under…