Category: regional development
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DMIC Expansion: Nashik and Nagpur Poised for Industrial Growth
The Delhi–Mumbai Industrial Corridor (DMIC), one of India’s most ambitious infrastructure projects, is entering a decisive phase. The Maharashtra government has begun fresh surveys to include Nashik and Nagpur in Phase II of the corridor. If approved, this expansion could significantly alter the state’s industrial map by strengthening manufacturing, food…
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BRICS vs USA: A Contest Without a Clear Winner—For Now
The global economic and geopolitical arena is witnessing one of its most defining rivalries: the growing influence of BRICS versus the entrenched dominance of the United States. While the media and political rhetoric often frame this as a battle for supremacy, the reality is more complex. There is no definitive…
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Tamil Nadu’s Economic Triumph and the Larger Indian Growth Story
India’s federal structure has long encouraged healthy competition among states—particularly in economic performance. In a compelling display of resilience and vision, the southern state of Tamil Nadu has emerged as the frontrunner in India’s growth narrative for the fiscal year 2024–25. Recording a real economic growth rate of 9.69%, the…
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The Role of Economic Corridors in Economic Development
Economic corridors have emerged as transformative engines of economic growth, revolutionizing the way nations approach development. By fostering connectivity, enhancing trade, and unlocking regional potential, these corridors play a pivotal role in advancing economies, particularly in developing nations. This blog delves into the concept of economic corridors, their importance, and…
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The Power of Clusters: A Strategic Path to Business Growth
In the rapidly evolving landscape of global business, success hinges not just on innovation or technology but on strategic positioning within the market. One of the most effective, yet often underutilized, strategies is cluster development. Clusters – geographic concentrations of interconnected companies, specialized suppliers, and associated institutions – have long…
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Maharashtra’s Roadmap to Becoming a $1 Trillion Economy by 2028
Maharashtra, India’s leading economic powerhouse, is on a determined path to become the nation’s first $1 trillion economy by 2028. This ambitious goal, set by the state government, necessitates a comprehensive strategy encompassing various sectors and a clear timeline to ensure sustained and inclusive growth. Current Economic Landscape As of…
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How Industrial Clusters Drive Innovation: Lessons from India and the USA
Industrial clusters, where businesses from the same industry concentrate in a specific geographical area, have long been recognized as engines of innovation and economic growth. This phenomenon isn’t accidental. Clusters create an ecosystem that fosters collaboration, competition, and the exchange of ideas, ultimately driving technological advancements and creative solutions. Why…
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Reviving Eastern India
For decades, eastern India has grappled with economic challenges that have left it trailing behind other regions. While historical policies, such as freight equalization, initially contributed to this gap, the critical need now lies in local-level policy reforms that can drive economic growth, enhance governance, and improve law and order.…
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