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…
Introduction Industrial corridors are large infrastructure projects aimed at boosting industrialization, economic growth, and regional development. These corridors serve as growth engines by integrating industries, transport networks, and urbanization, leading to the holistic development of various regions in India. The government of India has launched several industrial corridor projects, such as the Delhi-Mumbai Industrial Corridor…
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 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 The concept of a self-reliant India, or “Atmanirbhar Bharat,” has gained significant momentum in recent years, especially in light of global disruptions such as the COVID-19 pandemic. Announced by Prime Minister Narendra Modi, this vision aims to reduce dependency on foreign goods, boost domestic industries, and make India a global manufacturing and economic hub….
Introduction Uttar Pradesh (UP) is one of India’s most industrially significant states, contributing significantly to the country’s economy. Due to its vast population, strategic location, and diverse resources, UP has emerged as a hub for various industries, including agriculture, textiles, manufacturing, information technology, and tourism. The state government has launched several initiatives to boost industrialization,…
1. Introduction The “Make in India” initiative, launched in 2014, aims to transform India into a global manufacturing hub by boosting domestic production, attracting foreign investments, and increasing exports. However, the success of this ambitious program is closely tied to two critical factors: the effectiveness of the “Skill India” program and the implementation of radical…
Introduction Industrial policy plays a pivotal role in shaping a nation’s economic growth by promoting investment, boosting production, and generating employment. India, being one of the fastest-growing economies in the world, has adopted various industrial policies to accelerate its growth trajectory. The present industrial policy of the Government of India is focused on enhancing domestic…