Category: Informal Sector
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From Heritage to Market Identity
Cultural industries were once seen as soft expressions of tradition, often confined to local markets and seasonal tourism, but over time they have moved into the center of economic strategy where identity itself has become a tradable asset; historically, India’s crafts, textiles, and artisanal products were embedded in community life…
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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…
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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…
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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…
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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…