Introduction India, one of the fastest-growing economies in the world, has long aspired to become a global manufacturing hub. With its large workforce, growing domestic market, and favorable geographical location, the country has immense potential to strengthen its industrial base. To realize this potential, the Government of India launched the “Make in India” initiative on…
Introduction India, the world’s fifth-largest economy, has embarked on an ambitious journey to become a $5 trillion economy by the mid-2020s. This goal, set by the Government of India, reflects the nation’s aspiration to accelerate economic growth, enhance global competitiveness, and improve living standards for its citizens. Achieving this target requires sustained efforts across multiple…
Introduction India’s economic growth story since the 1990s has been marked by robust GDP expansion. However, a striking paradox has emerged in recent years—despite steady or even high economic growth, employment generation has not kept pace. This phenomenon, commonly referred to as jobless growth, is one of the most pressing challenges facing the Indian economy…
Introduction India’s economic ambition to become a global manufacturing hub received a major policy push with the introduction of the Production Linked Incentive (PLI) Scheme. Launched in 2020, the PLI scheme marks a structural shift in India’s industrial policy—moving away from input subsidies and tariff protection toward performance-based incentives linked directly to output. The scheme…
4o mini Introduction The Make in India initiative, launched in 2014 by Prime Minister Narendra Modi, aimed to transform India into a global manufacturing hub. With an emphasis on promoting domestic manufacturing and boosting employment, it sought to attract foreign investment, foster innovation, and build a self-reliant economy. The campaign encouraged global companies to set…
Introduction India embarked on a new economic trajectory in 1991 with the adoption of liberalization, privatization, and globalization (LPG) reforms. These reforms marked a structural shift from a predominantly state-controlled economy to a more market-oriented system. The intent was to boost growth, attract foreign investment, improve efficiency, and integrate India with the global economy. Over…
Introduction India, one of the world’s fastest-growing economies, is working extensively to upgrade its industrial infrastructure and manufacturing ecosystem.Among the major initiatives driving this effort is the National Industrial Corridor Development Programme (NICDP) — a flagship programme aimed at developing world-class industrial nodes and corridors across the country. The NICDP is a strategic approach by…
The Government of India introduces new schemes from time to time to benefit different sections of society. Below is a list of major schemes launched between 2019 and 2025, covering various sectors such as agriculture, education, health, women empowerment, and digital development. 1. Agriculture and Rural Development Schemes 1.1 Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)…
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…
Globalization has significantly influenced India’s economy since the economic liberalization of 1991. It has led to rapid economic growth, increased foreign investments, and expanded trade opportunities. Various sectors, including agriculture, industry, and services, have experienced profound transformations. While globalization has presented numerous opportunities, it has also posed challenges that India continues to address. 1. Understanding…