Category: Informal Sector
-
The 21st Century Technological Revolution: Echoes of the Industrial Revolution
Throughout history, humanity has experienced transformative periods that reshape economies, societies, and the very fabric of life. These moments of seismic change do not occur regularly. They happen once in every two to three centuries, leaving an indelible mark on history. Today, as we stand on the precipice of a…
-
AI and Automation:A Revolution or a Job Apocalypse?
Artificial Intelligence (AI) and automation are rapidly transforming the global economic landscape, and India is no exception. As one of the fastest-growing economies with a vast workforce, the implications of these technological advancements are profound. While AI promises efficiency and innovation, its integration into industries poses significant challenges to traditional…
-
Blurring the Lines: Monopsony vs. Innovation in the Tech-Driven Economy
In recent years, there has been increasing concern over the growing concentration of market power among tech-driven companies, especially as the distinction between monopsony and innovation has become more blurred. Monopsony refers to a market structure where there is only one buyer, giving them significant power to influence prices and…
-
A long way to go to have Right Public Policy for MSMES in India
Introduction: Micro, Small, and Medium Enterprises (MSMEs) have always been an integral part of the Indian economy, contributing significantly to GDP, employment generation, and manufacturing output. Over the years, public policy towards MSMEs has evolved to address their unique needs and challenges. This article critically analyzes the evolution of public…
-
Fostering Inclusive Growth: Addressing the Challenges Facing MSMEs in India
Introduction: In recent times, a new trend has emerged in the realm of supporting Micro, Small, and Medium Enterprises (MSMEs) in India. While there is an increasing concern for the 8 crore (80 million) MSMEs, the reality is that only a minuscule fraction of them receive significant attention and support.…
-
India’s Struggle for Decent Work Conditions: Challenges and Initiatives
India is the world’s second-most populous country and has a labor force of over 500 million people[1]. The country has made significant progress in recent years in terms of economic growth, but the quality of work and working conditions remain a major challenge. This article will provide a critical analysis…
"Connecting communities, empowering nations: Unifying the Regional and Global Economy ." 