Category: Policy
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Reviving India’s Investment Climate
India’s economic growth story is deeply intertwined with its ability to attract investments, both domestic and foreign. However, recent trends indicate a worrying decline in domestic private investment, which directly impacts Foreign Direct Investment (FDI). This blog critically examines the interplay between sluggish demand, domestic and foreign investments, and the…
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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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RBI Financial Stability Report 2024
The Reserve Bank of India (RBI) has released its latest Financial Stability Report (FSR), offering valuable insights into the health and resilience of India’s financial sector. As the year draws to a close, the report sheds light on emerging trends, potential risks, and the overall robustness of the banking and…
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Challenges and Policy Directions for the New RBI Governor
As Sanjay Malhotra assumes the role of the 26th Governor of the Reserve Bank of India (RBI), he inherits a complex economic landscape characterized by slowing growth and persistent inflation. His predecessor, Shaktikanta Das, navigated the Indian economy through significant challenges, including the COVID-19 pandemic, emphasizing balanced growth and inflation…
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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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Risk Capital: Fueling Startups and Innovation – A Tale of Two Economies (USA vs. India)
In the world of startups and innovation, risk capital—money invested in high-risk ventures with the potential for high returns—is the lifeblood that enables new ideas to thrive. The United States stands as a global leader in deploying risk capital, driving technological advancements and spawning unicorns at a scale unmatched by…
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PLI Scheme: Can It Unlock India’s Manufacturing Powerhouse
India’s Production Linked Incentive (PLI) scheme has emerged as a flagship initiative to boost domestic manufacturing and make the country a global production hub. With an allocation exceeding ₹1.97 lakh crore (approximately $26 billion) across key sectors, the scheme promises financial incentives to companies meeting production targets. But the pressing…
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Industrial Corridors in India
India’s economic aspirations rest significantly on the growth and development of its manufacturing sector. At the forefront of this transformation are industrial corridors, envisioned as integrated zones designed to boost connectivity, infrastructure, and industrial efficiency. The National Industrial Corridor Development Programme (NICDP) aims to spearhead this initiative, creating 11 strategically…
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India’s Reform Journey: Balancing Ambition with Pragmatism
In a recent discussion, an economist and member of the Prime Minister’s Economic Advisory Council, delved into pressing issues surrounding economic reforms, privatization, and state-level disparities in India. The reflection shows the complexity of economic reform agendas and highlighted significant observations about India’s regional growth trajectories since liberalization. The Gradual…
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