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Page-46 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.

GST Rate Reduction Boosts Indian Economy and Exports

Recent proposals by the Government of India aim to simplify the Goods and Services Tax (GST) structure. The current four-tier system of 5, 12, 18, and 28 per...

 August 22, 2025

India’s Geographical Indications Boost Rice Varieties

India is home to over 100,000 paddy accessions. Yet, as of June 2025, only 31 rice varieties hold Geographical Indications (GI) tags. These include the famous Basmati and...

 August 22, 2025

Bridging India’s Labour Productivity Gap for Growth

India’s recent claim of creating 17 crore jobs over the past decade marks milestone. However, the challenge ahead is deeper. India aims to become a $36 trillion economy...

 August 22, 2025

Transforming Indian Education Under NEP 2020 Reforms

The Indian education system is undergoing a major transformation driven by the National Education Policy (NEP) 2020. This policy aims to align education with the country’s economic and...

 August 21, 2025

India’s GST Overhaul – Simplifying Goods and Services Tax

India’s Goods and Services Tax (GST) is undergoing its most reform since 2017. Announced by Prime Minister Narendra Modi as a Diwali gift, the plan aims to simplify...

 August 21, 2025

Economic Impact of Preventive Healthcare in India

Preventive healthcare has gained renewed attention in India amid rising non-communicable diseases and escalating medical costs. Despite spending about 2% of GDP on health, India largely focuses on...

 August 21, 2025

GST and Tobacco Taxation Challenges in India

The Goods and Services Tax (GST) in India marks eight years of implementation in 2025. It remains a landmark reform enhancing tax transparency and compliance. However, the taxation...

 August 21, 2025

India’s Semiconductor Revolution and Industry Growth

India is rapidly advancing in the semiconductor sector in 2025. The country aims to become self-reliant by developing indigenous chip technologies. This effort supports multiple industries such as...

 August 21, 2025

India’s Persistent Child Stunting Crisis in 2025

India continues to face a major challenge with child stunting despite efforts under the POSHAN Abhiyaan launched in 2018. The programme aimed to reduce stunting in children under...

 August 21, 2025

India’s Electric Vehicle Transition Reduces Oil Dependency

India’s transport sector faces a critical shift in 2025. The country spent over $130 billion on crude oil imports in the fiscal year 2024–25. Transport remains the largest...

 August 21, 2025

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