Category: Informal Sector
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The Invisible Crisis Behind India’s Manufacturing Ambitions
Factories Need Workers, But Industry Needs Skills For decades, discussions about India’s economic future have focused on employment generation. Governments, industry bodies, and economists have repeatedly highlighted the need to create millions of jobs for a young and growing population. Yet beneath this familiar conversation lies a less visible and…
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Demography is Becoming the New Economics
For decades, economists believed that capital, technology, and natural resources were the primary drivers of national power. Today, demographics are slowly overtaking all three. The structure of population itself is becoming the hidden engine that determines which economies rise, which stagnate, and which collapse under social and fiscal pressure. The…
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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…