Page-41 of
Economic Development
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.
India’s Goods and Services Tax (GST) Council held its 56th meeting on 3 September 2025. The Council approved historic reforms aimed at simplifying the GST framework. These changes...
September 6, 2025
India has made progress in pulse production, reducing its dependency on imports. The NITI Aayog’s recent report outlines strategies to accelerate this growth further. It emphasises tailored agricultural...
September 6, 2025
India’s employment landscape has seen changes between 2017-18 and 2023-24. The availability of annual labour data through the Periodic Labour Force Survey (PLFS) has enabled detailed analysis. The...
September 5, 2025
India faced a major challenge in 2025 when the United States increased tariffs on Indian goods from 25 per cent to 50 per cent. This move was a...
September 5, 2025
The US government is increasingly moving from traditional free-market capitalism to a model that involves direct state participation in key industries. Recent actions like acquiring a 10 per...
September 3, 2025
The Pradhan Mantri Jan Dhan Yojana (PMJDY) remains a landmark initiative in India’s financial inclusion journey as of 2025. It has revolutionised access to banking for millions, particularly...
September 3, 2025
India’s recent free trade agreement (FTA) with the U.K. promises enhanced market access. However, the introduction of the U.K.’s Carbon Border Adjustment Mechanism (UK-CBAM) from January 2027 poses...
September 3, 2025
India’s economy in 2025 faces challenges from US-imposed double tariffs. However, the affected exports are under 1 per cent of GDP. This is due to the low share...
September 3, 2025
India’s 10-year government bond yields increased by about 26 basis points over a month. This happened even though the Reserve Bank of India (RBI) reduced its key policy...
September 3, 2025
The Goods and Services Tax (GST) in India is set for a major reform in September 2025. The reform aims to simplify the GST rate structure by reducing...
September 2, 2025
