In many parts of India, traditional crafts are not only a means of artistic expression but also a vital source of livelihood. These crafts embody the cultural heritage and history of communities, often passed down through generations. In recent years, self-help groups (SHGs) have emerged as a powerful mechanism for…
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Future of Economic Transformation: Integrating Rural and Urban Economies
Introduction The economic transformation of India hinges on the empowerment of its rural economy, aiming to elevate productivity through targeted interventions. The seamless integration of rural and urban economies can unlock immense potential for sustainable development, job creation, and inclusive growth. Achieving the vision of a developed India necessitates a…
Industry hopes for sustained growth, competitiveness & building inclusion
The Union Budget 2024-25 has a special significance. It comes at a time when the Indian economy is in top gear, having clocked a stellar 8.2 per cent growth for 2023-24. The forthcoming Budget should sustain this growth momentum. Being the first Budget of the new government, it should set…
Budget should catalyse manufacturing resurgence
Streamlining regulatory compliances, phasing out cross-subsidisation of power by industry and higher capex by govt will help There is much anticipation that the Finance Minister would unravel a momentous Budget. Expectations are that the Budget would announce bold next-gen reforms which would help realise the ‘dream’ of a resurgent, inclusive…
Budget: Balance fiscal prudence with support For GDP expansion
A fiscally prudent budget is an important aim but the government must create fiscal space for growth-boosting expenditure. Shift in Priorities – a Productive Workforce and Competitiveness of Indian Products & Services Fiscal prudence, along with the implementation of difficult reforms to modernize the economy, has been the hallmark of…
Inclusive Growth and Development in the Region: Role and Voice of the Global South
India’s wider periphery, which includes South Asia, Southeast Asia, portions of Africa, and the Middle East, is one of the world’s most active and lively economic regions. However, inclusive growth, gender equality, and universal digital and financial access remain significant challenges. Addressing these challenges necessitates substantial investments in infrastructure, cross-border…
Charting a Course for India@100
As India approaches its centenary celebration in 2047, the vision of India@100 represents a commitment to long-term, inclusive progress. The nation’s path to this milestone necessitates a multifaceted approach centered on increasing competitiveness, embracing sustainability, and driving globalization. Planning a course for India@100 necessitates a comprehensive and integrated strategy. Both…
Empowering Women in STEM: Breaking Barriers and Shaping Futures
The Current LandscapeWomen now make up about 29% of the global STEM workforce, with over one million women in STEM occupations. However, this percentage reflects slow progress toward gender parity. The representation of women in STEM fields remains uneven across different disciplines. For example, in the US, while women make…
The Potential of Electric Vehicles in India: Challenges and Opportunities
India, the third-largest vehicle market globally, is undergoing a significant shift towards electric vehicles (EVs) to create a cleaner and more environmentally friendly future. With an ambitious goal of making 30% of all vehicle sales electric by 2030, the country is poised for a transformative journey. The Promise of Electric…
Building a Future on Four Pillars: Employability, Entrepreneurship, Education, and Employment
With its youthful and vibrant population, India is at a critical point. More than 62% of the population is of working age, with more than half under the age of 25. This demographic dividend presents numerous opportunities, but maximizing its value requires a deliberate focus on four interrelated pillars: employability,…