While providing primacy to growth with inclusion, the Budget tempts to infuse a new momentum to the economy and strengthen India’s resilient ecosystem so that the country emerges as a growth engine of the world. An overarching theme An important focus of the Budget is simplification and rationalisation of the…
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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…
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…
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,…
Semiconductor Manufacturing: A Path to Sustainable Economic Growth for India
The semiconductor industry, often hailed as the backbone of modern electronics, is pivotal for global economic growth and technological advancement. Recognizing this necessity, India has embarked on a long-term venture to establish itself as a significant player in the semiconductor manufacturing industry. This journey, while laden with challenges, holds immense…
Challenge of creating a skilled workforce
India stands tall today as the world’s fastest-growing large economy. This has been accompanied by the creation of high-quality employment opportunities, as reflected in the latest Periodic Labour Survey, where positive trends can be observed across many indicators. The worker-population ratio (WPR) for people aged 15 and above increased…
CII Annual Business Summit 2024
India has set an ambitious target of becoming a prosperous country by 2047. At the recent Annual Business Summit, CII charted the course for Indian Industry in 2024-25 under the theme ‘Co-creating the Future Responsibly: Role of Business’. This year, the Summit brought together leaders and key stakeholders for deliberations…
One Nation One Tax: GST and the Steel Industry
One Nation One Tax: GST and the Steel Industry ‘GST: One Nation, One Tax’ was conceptualised way back in the year 2000. The objective was to replace the prevailing complex and fragmented tax structure with a unified system that would simplify compliance, reduce tax cascading and promote economic integration. With…