Development Policy

December 11, 2015

Regional Disparity in India

'Unity in diversity' is a fundamental characteristic of India. The growth pattern of Indian Economy has reflected in various dimensions of social, economic, political, geographical, religious, cultural and linguistic diversities. Reasons for Disparity Natural Resources Most important reason for regional…

December 11, 2015

Inclusive growth and issues arising from it

Inclusive growth has been defined differently by different organizations and scholars. The dictionary meaning of the term “inclusive” is “comprehensive”, “including all extremes” and “not excluding any section of the society”. UNDP has defined inclusive growth as “the process and…

December 11, 2015

Capital Formation in Economic Development

Development of a nation without the availability of adequate capital either in the form of physical capital or in the form of human capital is not possible. The higher the rate of capital formation (physical as well as human), the…

December 11, 2015

Underdevelopment: Concept and Meaning

World Development Report categorizes economies on the basis of income in three categories viz. high income, middle income and low income economies. Usually, high income countries are known as developed / advanced economies while low income countries are known as…

December 11, 2015

Concept of Sustainable Development

Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Thus, it takes into account both the present and future generations without over exploitation of natural resources…

December 11, 2015

Economic Growth and Economic Development

Economic Growth and Economic Development are central to developed as well as developing economies. Classical thinkers such as Adam Smith, Karl Marx examined the problem of economic development as early as 18th century. However, the study of economic growth and…

December 11, 2015

Economic inequality in India

Economic inequality is a hindrance to the process of growth and development in India. Even though there is an economic growth in India, it is not able to reduce the growing inequalities of the Indian society. Our development strategies failed…

May 2, 2015

Current Issues in Labour Reforms in India

The Article 246 (with 7th schedule) of the Indian constitution puts the issues related to labour and labour welfare under the concurrent list. However, the exceptional matters related to labour and safety in mines and oilfields and industrial disputes concerning…

May 2, 2015

Current Issues with Industrial Disputes Act (1947)

This legislation was enacted in 1947 to provide for a machinery and procedure for investigation and settlement of industrial disputes. It applies to all industries irrespective of size. It also has provisions regarding conditions for layoffs (suspension or termination of…

May 2, 2015

Challenges to Skill Development in India

Skill development refers to all the efforts to improve the effectiveness and contribution of labor to the overall productivity as well as production, which lead the economy to a higher trajectory. The skill development has been a hot topic in…