India is rapidly emerging as a global hub for medical technology, ranking as the 4th largest MedTech market in Asia and among the top 20 globally. The sector is projected to reach USD 50 billion by 2025, driven by an increasing demand for healthcare services, a growing elderly population, and…
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A holistic budget with measures for inclusive economic growth
The Union Budget 2024-25 presents comprehensive, outcome-based and sector-specific measures that will accelerate India’s growth trajectory in an inclusive and sustainable manner. Moreover, this has been done with attention to macroeconomic stability and fiscal prudence, adhering to a path of fiscal consolidation, with the fiscal deficit pegged at 4.9% for…
Traditional Crafts and Women’s Empowerment: Preserving Heritage through Self-Help Groups
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…
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…
Impact Investing: Bridging Profit and Purpose
Impact investing is a growing field in the investment landscape that seeks to generate not only financial returns but also measurable social and environmental benefits. This dual-purpose approach is transforming how investors think about their capital, moving beyond traditional philanthropy and socially responsible investing (SRI) to integrate deep, systemic change…
Trade, tech & sustainability: Engines for long-term growth
Finance and Corporate Affairs Minister Nirmala Sitharaman is poised to set a historical precedent. When she presents the complete Union Budget for 2024-25 on July 23, she will become the first finance minister to present seven consecutive budgets. The Interim Budget of February underscored the government’s commitment towards realising the…
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…
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…