The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand, is strategically positioned to become a significant economic power in South and Southeast Asia. In 2023, the region’s collective trade of goods reached a substantial USD 1,863 billion,…
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India and Africa: Partners in Progress and Prosperity
Africa, one of the world’s fastest-growing regions over the past decade, is poised for remarkable economic growth. By 2030, the continent will be home to nearly 1.7 billion people and an estimated USD 6.7 trillion in consumer and business spending. This demographic expansion presents a burgeoning consumer base and a…
‘Har Ghar Tiranga’: A Celebration of Unity and Patriotism
As India celebrates its 78th Independence Day, the nation once again prepares to witness the beautiful spectacle of our ‘Tiranga’ fluttering in every corner. The “Har Ghar Tiranga” campaign, an initiative by the Government of India, has captured the imagination of millions, transforming homes, offices, and institutions into symbols of…
BIMSTEC: A Regional Opportunity to Mitigate Environmental and Climate Change
The region surrounding the Bay of Bengal has a diverse natural legacy, including mountains, plains, estuaries, and marine ecosystems. However, climate change and environmental degradation pose a growing threat to these natural assets. BIMSTEC provides a key venue for these countries to engage on climate change mitigation, natural resource conservation,…
A strategy for securing critical minerals
Advanced materials, critical minerals and metals are revolutionising nations’ progress as they are widely employed in both industrial and strategic sectors. From renewable energy to electronics and healthcare, these materials are essential for innovation and play a crucial role in addressing key socio-economic challenges, such as climate change and improved…
Digital Public Infrastructure: A Fertile Ground for Indian Agriculture
India’s agricultural industry, which is the backbone of the country’s economy, has long faced issues such as low productivity and market volatility. To overcome these difficulties and usher in a new era of agricultural prosperity, the government’s initiative to establish Digital Public Infrastructure (DPI) is noteworthy. Agri Stack InitiativeFinance Minister…
India as a Global MedTech Hub: Progress and the Road Ahead
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…
Budget 2024: Right recipe prepared for jobs with proposals to facilitate employment, skilling of youth
The Economic Survey 2023-24 estimates that India needs to generate about 78.5 lakh non-farm jobs annually until 2030 to gainfully employ the Indian youth entering the workforce. With proposals to facilitate employment, skilling and other opportunities for 4.1 crore youth over the next five years, the Union Budget 2024-25 will…
An inclusive Budget with its focus on growth, jobs
The Union Budget 2024-25 exemplifies the unwavering dedication of the finance minister to provide a medium-term vision and an all-encompassing blueprint for a prosperous, environmentally sustainable and technologically advanced India. With an objective of having the nation proceed on the “Amrit Kaal” journey with gusto and join the league of…
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…