Economic reforms have played a crucial role in transforming India’s economic landscape over the past few decades. Before the 1991 reforms, India faced significant economic challenges, including a slow growth rate, high fiscal deficits, and a near bankruptcy situation. These circumstances necessitated a series of sweeping reforms that would liberalize the economy, reduce government intervention, … Read more
Disguised unemployment is a pervasive yet often overlooked economic phenomenon that significantly impacts economies worldwide. This type of unemployment occurs when more workers are employed than necessary, resulting in reduced productivity. Understanding disguised unemployment is crucial for devising effective economic policies and fostering sustainable development. This blog post will delve into the various aspects of … Read more
The introduction of the Goods and Services Tax (GST) in India on July 1, 2017, marked a significant shift in the country’s taxation framework. This comprehensive tax reform aimed to simplify the complex tax structure, promote economic growth, and create a unified national market. Understanding the Impact of GST on Indian economy is crucial as … Read more
Financial inclusion in India is not just a buzzword in the nation’s economic landscape; it’s a transformative force driving the country’s journey towards equitable growth. Ensuring that every citizen, regardless of their socio-economic status, has access to essential financial services is pivotal for fostering economic empowerment and reducing poverty. This blog delves deep into the … Read more