India has risen as a powerful economic force in the 21st century, with significant changes shaping its economy and society. The country’s economic journey has been marked by substantial growth, sectoral shifts, and efforts to alleviate poverty. From agriculture and industry to services and energy production, India’s economic landscape has undergone a profound transformation. This […]
India’s MSME sector was officially established in 2006 with the introduction of the Micro, Small and Medium Enterprises Development (MSMED) Act, which took effect on October 2, 2006. The Micro, Small, and Medium Enterprises (MSME) sector plays a crucial role in India’s economic landscape, contributing significantly to employment generation, GDP, and exports. Here’s an in-depth
MSME Sector – A Strong Contributor to the Indian Economy, c. 2006 Read More »
The Middle East has long been a region of strategic importance to India, given its proximity, energy resources, and trade relations. However, the recurring crises in the region – particularly conflicts involving countries like Israel, Iran, and others – pose significant challenges to global stability. These challenges are not limited to geopolitics alone but have
Indian Economy: 5 Powerful Ways the Middle East Crisis Could make an Impact Read More »
The Indian stock market has been on a remarkable journey in recent years, emerging as a global powerhouse. As of June 2024, the market capitalisation of the Bombay Stock Exchange (BSE) has surpassed $5 trillion, solidifying India’s position as one of the world’s most attractive investment destinations. This growth can be attributed to several factors,
3 Powerful Sectors Unleashing the Indian Stock Market in 2024 Read More »
India’s financial sector has expanded in tandem with the nation’s impressive growth performance. The growth of NBFCs (Non-Banking Financial Companies), increased reliance on market-based financing, and the emergence of digital money and finance are a few examples of how India’s financial system has altered in structure concurrently. Public Sector Banks in particular continue to dominate
An Overview of the Complex Indian Financial System Read More »
According to recent projections, India’s gross domestic product (GDP) reached US $ 3.75 trillion by FY23 and is on track to achieve US $ 5 trillion by March 2026 provided growth rates of 6.5 to 7% are maintained in the years to come. In March 2015, it had a GDP of US $ 2.2 trillion,
Indian Economy – Defying the Odds with Full Throttle Read More »