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…
Introduction Capitalism and social justice are often perceived as opposing forces. Capitalism, driven by free markets, private ownership, and profit motives, is seen as fostering competition, wealth accumulation, and economic inequality. On the other hand, social justice aims to ensure fairness, equity, and equal opportunities for all individuals, regardless of their socio-economic background. This apparent…
Globalization and privatization are two crucial concepts in modern economics and policy-making. They both have significant impacts on the economic, social, and political landscape, especially in the context of developing countries. Let’s explore their definitions, objectives, and implications in detail. Globalization: Definition and Objectives Globalization refers to the process through which businesses, technologies, information, cultures,…