Economic development refers to the process of improving the economic well-being of a region. It involves increasing wealth, reducing poverty, and enhancing living standards. This can be achieved through various means, such as industrialisation, infrastructure development, and education. In India, economic development has been influenced by historical events, government policies, and cultural factors. Sustainable practices are essential for long-term growth.
The Make in India initiative, launched in 2014, aimed to transform India into a global manufacturing hub. It targeted raising manufacturing’s GDP share to 25 per cent by...
Since April 2025, global economic management has faced unprecedented challenges. The United States, a key economic player, has disrupted the usual stability, causing confusion akin to losing a...
India’s ambitious target of becoming a $30-trillion economy by 2047 places cities at the centre of its development strategy. Cities must not only absorb rapid population growth but...
The 2025 Nobel Prize in Economics has brought global attention to the economics of innovation and growth. Laureate Joel Mokyr brought into light the undervalued role of economic...
Recent financial disturbances in the US, UK, and Europe have raised alarms about a potential repeat of the 2008 crisis. The collapse of firms like First Brands and...
India remains the world’s largest milk producer, contributing 24 per cent to global milk output. However, in 2025, the country confronts a severe fodder shortage that threatens its...
The global community marked World Food Day in 2025 with the theme Hand in Hand for Better Food and a Better Future. This theme marks the urgent need...
The Reserve Bank of India (RBI) introduced key reforms in October 2025 to internationalise the Indian rupee (INR) and enhance India-Nepal economic relations. These steps aim to ease...
India’s metals and metallurgy sector faces a critical juncture in 2025. The country’s trade pattern reveals a persistent structural imbalance. India exports mainly low-value bulk metals but imports...
South Asia faces an escalating sovereign debt crisis that threatens its fiscal stability. By 2025, government debt in the region has surged to unprecedented levels. Sri Lanka defaulted...
