Economic Development In India Research Articles

The Impact of Decentralization on Economic Development in India

Abstract: A common occurrence in India, district splitting is said to lead to better developmental outcomes because it creates a population that is more homogenous and closer to its administrative unit. However, this relationship requires examination and to explore the effects of district splitting a difference in discontinuities approach is used with data from Washim, Karnataka, where differences-in-differences and regression discontinuities are combined to assess the change in night-light data, as it is a suitable proximity measure for economic growth, as well as the change in the number of schools per capita at the village level. It has been found that district splitting has little effect on economic growth. However, over time this trend may change because it has also been found that district splitting increases the number of schools per capita, which in the long term may lead to a more skilled and knowledgeable population that will result in economic growth.

How can a cost-effective method for industrial wastewater treatment be developed in India?

Wastewater treatment and repurposing will be pivotal for growing economies as demand for water increases. A sustainable approach toward economic development in India would be treating industrial wastewater for agricultural applications, reducing overall water consumption, and feeding one sector of the Indian economy with effluent from another. To achieve this, a cost-effective and sustainable treatment process needs to be developed. This paper provides a comprehensive analysis of the available methods and equipment for wastewater treatment through a brief literature review. A four-stage treatment was considered, including pretreatment, primary and secondary chemical treatment, and post treatment. The overall process features screening, oil skimming, coagulation, flocculation, sedimentation, aeration, and gravel filter. The most important specifications suitable for India include using spent poly-aluminum chloride as a coagulant and flocculant (CPCB, 2022) and using vertical shaft aerators (Drewnoski, et. al., 2019) and high-efficiency blowers (Bell, et. al., 2011) in the aeration process.

Fabricating Health: The Challenges Faced by Women Power loom Weavers

The power loom sector is a significant contributor to fabric manufacturing in the country, encompassing a diverse range of products. These products span from low-value coarse and gauze cloth to high-value shirting, suiting, and made-ups. Additionally, the sector also produces a limited number of grey fabrics or yarn-dyed products. Female weavers operating within the power loom sector faces a multitude of obstacles that are significantly influencing their economic survival and overall welfare. The textile industry holds significant importance in the economic development of India, whereas the power loom industry being a crucial element within this sector. The purpose of this study is to evaluate the female labour force participation and total working hours, as well as the effect on their health, in the power loom sector of Gaya and Bhagalpur. In addition, the paper will discuss other significant obstacles faced by women weavers, such as wage disparities, lengthy working hours, and safety and security concerns. The focus of the research will be the socioeconomic standing of female power loom weavers. The study is supported by both primary and secondary data. Primary data is derived from data collection on the ground. Weavers are the backbone of the power loom sector, but they are perpetually plagued by issues related to finances, electricity, and health care, among other issues, and they receive no support from the government. As a result, the industry as a whole experiences low productivity and to enhance the conditions of the power loom weavers, there is a dire need for government support.

Corporate Social responsibility in Insurance sector and the role of Insurance sector in economic development of India.

Corporate Social responsibility in Insurance sector and the role of Insurance sector in economic development of India.

Tourism Performance and Economic Development in India

There are several reasons to travel, and these reasons combine to form the tourism industry, which is one of the world's major service sectors in terms of sales and earnings in foreign currencies. It becomes clear that tourism is a powerful stimulus for inclusive societal growth, which benefits both general development and the reduction of poverty. Worldwide recognition is accorded to its key position and significance in propelling economic improvement and augmenting employment prospects. India's tourism industry is expanding rapidly, with great potential for generating employment and foreign exchange profits in addition to driving the country's overall economic and social progress. India has many tourist spots that are popular with both domestic and foreign visitors, such as Mysore, Delhi, Goa, and Amritsar. Particularly important for the expansion of India's services sector and a major source of job creation is the tourism sector. The tourist sector in India can significantly boost infrastructure development due to its enormous growth potential. Additionally, it can promote several other economic sectors through interdependent linkages, promoting cross-sectoral synergies and advancing total economic development in industries including construction, handicrafts, horticulture, poultry, transportation, and agriculture.

THE ROLE OF MICRO, SMALL, AND MEDIUM ENTERPRISES IN INDIA'S ECONOMIC DEVELOPMENT: CHALLENGES, OPPORTUNITIES, AND POLICY PERSPECTIVES

This paper explores the pivotal role of Micro, Small, and Medium Enterprises (MSMEs) in the economic development of India. MSMEs are essential drivers of economic growth, job creation, and innovation. Despite their significant contributions, these enterprises face various challenges that impede their potential. This study employs empirical analysis to examine the role of MSMEs, identify key challenges, explore emerging opportunities, and provide policy recommendations to enhance their impact on India's development. The paper integrates mathematical formulations to quantify the contributions and challenges faced by MSMEs, supported by data-driven insights.

MSME GROWTH IS BEING PROPELLED BY INDIA'S DIGITAL TRANSFORMATION

This article looks at the positive relationship that exists between the growth of Micro, Small, and Medium-Sized Enterprises (MSMEs) in India and the country's digital transformation. As India adopts digital technology across all industries, MSMEs are making the most of these innovations to increase productivity, expand their market reach, and streamline operations. This research uses relevant literature reviews and empirical data analysis to help MSMEs understand the driving reasons behind India's economy's digital transformation. It highlights the way in which digitization transforms MSMEs by presenting examples of successful adoption and the subsequent growth trajectories. Additionally, the paper provides policy implications and strategic recommendations to eventually promote inclusive and sustainable economic development in India by further catalysing the positive benefits of digitalization on MSMEs.

Sustainable Indigenous Governance: Catalysts for Economic Development in India

In India we have too many different communities with vast tradition and culture. In order to enhance their own way of life we have to protect the indigenous nature of governance. The idea of indigenous governance for economic development in India combines traditional knowledge and governance structures with modern development strategies. This model of indigenous governance is based on the central role of community-led initiatives, practices and management to promote sustainable economic growth. This research paper aims to make a correlation between indigenous governance and economic development. This paper also advocates a top-down approach to prioritizes the aspirations, needs and values of indigenous communities, to ensure their active participation in decision-making processes. This indigenous governance model is important to rethink development paradigms and make them more inclusive and equitable. By following this indigenous governance and leadership models, our country can find the way for a development strategy that is not only economically valuable but also socially and environmentally sustainable. India can harness the potential of its diverse cultures for inclusive and sustainable economic development by creating an enabling political environment that respects and takes into account indigenous governance systems. The principle of self-determination is a key to this indigenous model, which can allow different communities to follow their own development paths in accordance with their cultural heritage and environmental protection. To improve the economic well-being of indigenous peoples and to preserve their natural resources, cultural identity and traditional knowledge for future generations, the government should follow the indigenous approach of governance.

Current Scenario and Future Perspectives of Renewable and Sustainable Energy in India: Progress and its Challenges

Energy is a key force behind both social and economic advancement. The scientific advancements in numerous industrial, governmental, and municipal activities have significantly increased the energy demand. The main reasons behind the efficient utilization of renewable energy sources (RESs) are the rapidly increasing rates of energy demand and fuel prices, as well as the requirement to control greenhouse gas emissions. In reality, meeting the world’s growing energy requirements and preventing climate change are now of greatest concern. This review paper provides a thorough overview of the creation and growth of renewable and sustainable energy sources, including information on their types, traits, benefits, and drawbacks. This review specifically discusses the situation and future potential of renewable and sustainable energy sources in India. The growth of RESs can have a substantial impact on the economic development of India, in addition to creating employment possibilities related to harnessing energy from RESs.

Role of Women in Economic Development in India

Engaging women is a basic issue in non-industrial countries. Despite the fact that women are a vital piece of any general public, yet their association in dynamic by the utilization of their dynamic commitment in financial exercises is shallow. Women strengthening and monetary improvement are interlinked, where from one perspective, advancement alone can make light of a huge job in driving disparity among women and men while then again engaging women can help advancement. This paper investigates the job of women in the labor force for the monetary advancement of the country in various States.

URBAN- RURAL DEVELOPMENT DILEMMA -A STUDY WITH REFERENCE TO INDIA

The 20th century witnessed a significant change in population from rural to urban areas in most of the countries of the world. In the last two decades, India has experienced accelerated economic growth after the launch of economic reforms in 1991. The economic reforms resulted in loosening the hold of government in many sectors, which has led to the concentration of semi-urban areas across the countries. The economic reforms of 1991 played a big role in the decentralization of powers and it has encouraged many entrepreneurs to invest in India. In the early stages of Indian industrialization, both rural and urban economies immensely suffered from the adverse effects of capitalism and the exploitation of natural resources. Capitalism-oriented industrialization had the requirement of a productive and well transformed agricultural sector. In this paper, we are going to highlight the need and strengthening of agriculture from the grassroots level and enlightening educated youth regarding the benevolence and benefits of self-employment and agriculture. Strengthening of village economies are most recommended for the sustainable development of Indian economy. Increasing trend of farm housing and involvement of educated youth gives hope for solving the dilemma of balanced urban rural development. This paper reviews some of the main interpretations in urban rural development dilemma. It explores the relationship between the primary and secondary sector as well as the rural and urban economies. It examines the parochial strategy of development of urban sector by neglecting rural economy. KEYWORDS: Development, Economy, Reforms, Urban-Rural

AIIB Investment and Economic Development of India: The Case of the Gujarat Road Project

The purpose of this study is to verify whether the transportation infrastructure investment carried out by the Asian Infrastructure Investment Bank (AIIB) has promoted the economic development of its recipient countries. Since the establishment of the AIIB, its investments in infrastructure development, aimed at promoting economic growth in Asian developing countries, have garnered considerable attention. This study selects India, the largest recipient country of the AIIB, as the research object and chooses the Gujarat Road Project as the research case, since it is a completed infrastructure construction investment project in the transportation field. This paper provides an overview of the project’s operation and summarizes key factors in the project’s implementation. In the data analysis section, the per capita GDP is selected as the explained variable to measure economic development, and the LASSO regression method is used to select several variables that affect economic development. Moreover, the random forest model is used to obtain the causal relationship between road construction and the per capita GDP from 2001 to 2022. The results indicate that road construction in India has a significant positive effect on per capita GDP growth, the Gujarat Road Project supported by the AIIB also has a positive effect on per capita GDP growth, and this effect is stronger than that at the national level. The main contribution of this work is the validation of the investment strategy of the AIIB and the quantification of the economic contribution of AIIB investment projects to the local area.

Analysing Challenges Faced by Micro Finance Institutions and Exploring Linkages on Rural Development and Quality of Life

Micro finance institutions play a significant role in economic development of India. Such institutions provide financial access to lower income people. These institutions are very helpful for poor people who lack access of banking services. Micro finance institutions provide a large variety of financial and non-financial services to people including credit, counseling, and training. Such institutions are necessary to achieve rural development, financial inclusion and women empowerment. Today micro finance institutions are faced many problems. Problems of non-performing assets are considered as a big challenge for micro finance institutions. Financial illiteracy, lack of speedy generation of funds, lack of proper infrastructure, political interference and competition are the other challenges faced by micro finance institutions. This chapter made an attempt to analyze the problems faced by micro finance institutions and understand the role of micro finance in rural development

A Comparative Study of Financial Report of SBI and ICICI Bank

This research paper conducts a comprehensive comparative analysis of the financial reports of two prominent banks in India, namely the State Bank of India (SBI) and ICICI Bank. The study aims to provide insights into the financial performance, stability, and strategic positions of these banks, shedding light on their respective strengths and weaknesses. The research methodology involves an in-depth examination of the annual financial reports, including balance sheets, income statements, and cash flow statements, over a specific period. Various financial ratios, such as liquidity ratios, solvency ratios, and profitability ratios, are employed to evaluate the financial health of both SBI and ICICI Bank. The paper delves into the historical context and evolution of both banks, highlighting their distinct roles in shaping India's banking landscape. It explores how SBI, being a public sector bank, differs from ICICI Bank, which operates in the private sector, in terms of governance, policies, and market strategies. Furthermore, the study analyzes the impact of economic and regulatory changes on the financial performance of SBI and ICICI Bank. This includes an examination of their responses to challenges such as economic downturns, changes in interest rates, and regulatory reforms. The comparative study extends beyond financial metrics, considering the banks' technological advancements, customer service initiatives, and overall market positioning. Additionally, the paper discusses the banks' contributions to the socio- economic development of India and their roles in promoting financial inclusion.

A Causal Relationship between Economic Growth, FDI, and Trade Openness in India: A Linear and Non-linear Approach

The study examined the causal nexus between India’s trade openness, FDI and economic growth from 1970 to 2021. This study used the time series Linear and the Non-linear Causal Test to analyze the causal nexus among the variables. The findings suggested a bidirectional causality between each pair of variables. Conversely, the Non-linear Causality Test results revealed bidirectional non-linear causality between trade openness and economic growth and between FDI and economic development. The findings suggested that policymakers should adopt a balanced approach to promote economic development in India, where policies to enhance trade openness should consider their impact on the FDI. FDI strategies should likewise account for their effect on trade openness. Investment in infrastructure and human capital can also amplify this nexus. Keywords: Granger causality, non-linearity, policy JEL Codes: C10, E60, C65.

RELATIONSHIP BETWEEN PROFILE OF MANGO GROWERS AND THEIR LEVEL OF AWARENESS TOWARDS THE EXPORT OF MANGO

India is self-reliant country in food grains in world. Agriculture is a very ancient and important occupation for the economic development in India. The study holds significant importance as it can drive economic development and agricultural progress. The present study was conducted in Valsad district of South Gujarat to ascertain relationship between selected profile of mango growers with awareness regarding export of mango. Two villages from six talukas were selected randomly. Ten mango growers were selected from all selected villages. Thus, the total sample size was 120 respondents for present investigation. The findings of this study reveal that less than two-thirds (60.00 %) of the mango growers had medium level of awareness. The finding of this study revealed that the variable like education, land holding, annual income, training, mass media exposure, extension contact, risk orientation, social participation, scientific orientation, decision making, marketing behaviour and cosmopoliteness were found positive and significant relationship with awareness regarding export of mango and innovativeness had found positive and significantly related with awareness regarding export of mango. while, age had negative and but significant relationship with awareness regarding export of Whereas, farming experience, irrigation facility and children’s education were found non-significant relationship with awareness regarding export of mango.

The Contributions of Dr. Ambedkar in the field of Economics

Dr. Ambedkar was a development and welfare economist who had a vision for the for the welfare of the masses. His contributions as an economist remained unnoticed. His economic ideas are well expressed in his master pieces on Economics. He focused on varied measures for economic development and welfare of the masses. The present paper is an attempt to understand the economic ideas of Dr. B.R. Ambdekar. The analysis is based on his books, papers and speeches. His biggest strength was his vision regarding establishment of a happy and progressive society. He discussed all real major impediment and tried to provide the possible solutions for development of Indian economy. His views on public finance including fiscal system, centre state relations, monetary system, exchange rate system, agriculture, industry and various development issues like khoti system, agriculture, industry, poverty, surplus labour, unemployment reflect the brilliant mind of an economist.

Artificial Intelligence used in Indian Economy Development and Management

The rapid advancement of Artificial Intelligence (AI) has significantly transformed industries across the globe, including the economic landscape of India. This research paper explores the multifaceted role of AI in the development and management of the Indian economy. With a focus on key sectors such as agriculture, healthcare, manufacturing, and finance, this paper provides a comprehensive analysis of how AI technologies are reshaping traditional paradigms and propelling India towards economic growth and sustainability. In the agricultural sector, AI-driven solutions are improving crop yields, resource management, and supply chain optimization. Through precision farming techniques, AI enables farmers to make data-driven decisions, thereby enhancing productivity and reducing resource wastage. Furthermore, AI-powered weather forecasting systems aid in mitigating climate-related risks. Manufacturing, a cornerstone of India's economy, has witnessed a revolution with the integration of AI-powered robotics and automation. This has led to increased efficiency, reduced costs, and improved product quality, making Indian manufacturing globally competitive. Moreover, this research paper delves into the opportunities and challenges of AI adoption in India, taking into account factors such as infrastructure development, skill enhancement, and international collaborations. It highlights the importance of a cohesive approach involving government, industry, and academia to harness the full potential of AI for economic development.

Rural Economic Development in India by NGOs

Many Factors are Working behind Rural Development. In all factors are most important is NGO. The term NGO for the purpose of this Document Includes “ not for profit organization registered as a trust or a Society ’’. A non-governmental organization (NGO) is a legally registered organization created by natural or legal persons that operates indipendently from any form of goverment. Rural development generally refers to the process of improving the quality of life and economic wellbeing of people living in relatively isolated and sparsely populated areas of a Nation. Rural development has traditionally centered on the explanation of land-intensive natural resources such as agriculture and forestry. However, at present, changes in global production networks and increased urbanization have changed the character of rural areas. The team Originated from the United Nations and is normally used to refer to organizations that are not a part of the goverment and are not conventional for profit making business.

RISK ASSESSMENT IN THE IT SECTORS OF BANGALORE

This paper concentrates on the crucial aspects of “Risk assessment” inside the boundaries of Bangalore’s prosperous “Information Technology (IT)” sector. As the IT Sectors play a very important role in the development of Indian Economy, understanding as well as the mitigation of risks has also become very crucial. This research engages in identification, evaluation and prioritization of risks that the IT sectors of Bangalore face. The findings of the paper gives a clear understanding about the vulnerabilities and challenges which are particular to a specific region, giving the insights that are valuables for the stakeholders , leaders of the industry and policy makers the enhancement of “risk management strategies” as well as strengthen the flexibility of the IT sectors of Bangalore.