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Category: Indian economy

  • Commentary on India’s Skill Development Programs

    India’s workforce is often hailed as a demographic dividend, yet paradoxically, a large portion of the population remains unemployable due to a lack of industry-relevant skills. In response, successive governments have launched ambitious skill development programs, promising to bridge this glaring gap. But the real question is: Have these programs…

  • India’s Semiconductor Strategies for Strengthening Its Position in the Global Value Chain

    The global semiconductor industry is the backbone of modern technology, enabling everything from smartphones and laptops to medical equipment and electric vehicles. With rising competition, nations worldwide are strategically positioning themselves in this critical sector. India, despite being a growing electronics hub, has yet to establish itself as a major…

  • GenAI in Revenue Administration

    The integration of Generative AI (GenAI) into revenue administration presents a transformative opportunity. It has the potential to automate routine tasks, provide clearer tax guidance, and enhance transparency in policymaking. However, the effectiveness of AI-driven systems in taxation depends on the quality of training data, human oversight, and a robust…

  • Textile Waste Management in India

    Textile waste is a growing but often overlooked crisis in India. Every year, millions of kilograms of textile waste end up in landfills, contributing to environmental degradation. At premium hotels alone, the scale of the problem is staggering. To put things into perspective, four- and five-star hotels in India generate…

  • India’s Economic Takeoff: Uncertainty, Investment and Global Integration

    India stands at a pivotal moment in its economic journey—reminiscent of China’s quiet but transformative rise in the late 20th century. The global narrative on India is increasingly optimistic, with international media and policymakers recognizing its potential as a major economic force. However, skepticism within the country persists, which may…

  • India’s Economic Reforms

    India’s economic journey since 1991 has been shaped by a series of crucial reforms that transformed it from a protectionist economy to one of the fastest-growing major economies in the world. The vision for modernization and liberalization, however, was not a product of the 1990s alone. Former Prime Minister Rajiv…

  • The Taxation Dilemma: Balancing Revenue Without Driving Away Wealth

    Taxation has always been a contentious issue in economic policy. Governments worldwide strive to strike a delicate balance between generating sufficient revenue for public welfare and maintaining an investment-friendly environment. However, a common phenomenon observed in both developed and developing economies is the migration of high-net-worth individuals (HNWIs) and businesses…

  • Sustainability in the Indian Fashion and Textile Industry

    Introduction Sustainability is a key focus in today’s discussions on the fashion and textile industry. It is important to explore what is being done in this space and how different industry players can leverage strengths to drive sustainability in a more collaborative manner. Sustainability is no longer a niche concept—it…

  • Transformation in India’s Textile Clusters

    Introduction: Clusters and the Drive Towards Sustainability India’s economic landscape is intricately woven with specialized industrial clusters, each contributing uniquely to the country’s economic growth. Among them, the textile industry holds a significant place, driven by over 70 specialized textile clusters across the nation. These clusters not only generate employment…

  • The Future of Workforce and Automation

    In today’s rapidly evolving industrial landscape, efficiency and productivity have become the defining factors of success. As industries scale up and technological advancements disrupt traditional processes, businesses must adapt to remain competitive. The crux of this transformation lies in two key areas—workforce optimization and automation. This blog critically examines the…