#Indian economic reforms

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10 lessons from Dr Manmohan Singh’s political life

India’s first Sikh prime minister was no ordinary head of government. As India’s finance minister, Dr Manmohan Singh was responsible for ushering in free-market reforms in 1991 that transformed India into an economic engine. Later, he was made the prime minister by the Congress Party. He led the government from 2004 to 2014. These 10 years were replete with rich lessons for politicians.

[insightfultake]

The Road to 2047: Can India Achieve High-Income Status?

For years, India has been celebrated as the world's fastest-growing major economy. But economic growth alone isn’t enough. The real question is: Can this growth be sustained at an ambitious 7.8% annually for the next two decades? According to a recent World Bank report, this is the magic number India must achieve to transition into a high-income country by 2047, just in time for its centenary as an independent nation. But is this an achievable goal, or is it just another lofty aspiration in a country where economic progress often collides with ground realities?

[upsczoneindia]

India: The Great Country and Democracy 2025

India: The Great Country and Democracy Introduction India, often hailed as the world’s largest democracy, is a nation that embodies a unique blend of ancient traditions and modern progress. Known for its rich cultural heritage, diversity, and resilient democratic institutions, India stands as a testament to the power of democracy and unity in diversity. This post explores why India is considered…

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Nation Mourns: PM Manmohan Singh’s Death Sparks Tributes.

The passing of PM Manmohan Singh is a profound loss for India. As Congress leads the nation in mourning, the outpouring of grief and tributes underscores his massive influence. Singh’s economic policies, dignified leadership, and personal integrity will always be remembered. His legacy is deeply etched in India’s history and will continue to inspire generations to come, motivating them to work for a better, more inclusive India.

[innovativejunction]

A Homage to Dr Manmohan Singh: The Architect of Modern India's Economic Renaissance

A Homage to Dr Manmohan Singh: The Architect of Modern India’s Economic Renaissance In the annals of Indian history, few leaders have demonstrated the profound combination of intellectual brilliance, humility, and steadfast commitment to national progress as Dr Manmohan Singh. As we pay homage to this extraordinary statesman, it is imperative to reflect on the immense contributions he has made…

[amirhashmilive]

ब्राह्मणवाद का ऐतिहासिक उद्गम और प्रभाव

ब्राह्मणों का इतिहास भारत के प्राचीन समाज के निर्माण और विकास से जुड़ा हुआ है। ब्राह्मणों को समाज में एक उच्च स्थान प्राप्त था और उन्हें वैदिक यज्ञों, धार्मिक अनुष्ठानों और शिक्षा का संरक्षक माना जाता था। इस आर्टिकल में हम ब्राह्मणों की उत्पत्ति, जाति और वर्ण व्यवस्था की स्थापना, इसके राजनीतिक और ��ामाजिक प्रभाव, महात्मा गांधी और डॉ. बी. आर. अंबेडकर द्वारा ब्राह्मणवाद के विरुद्ध संघर्ष, और निम्न…

[pebblegalaxy]

UPA vs NDA: A Comprehensive Analysis of Oil Bonds, Economic Policy, and Political Legacies in India (2004-2024) #OilBonds #IndianEconomy #FiscalPolicy #EconomicAnalysis #FuelSubsidy #PublicDebt #PoliticalAnalysis #FinancialReforms #OMCSubsidy

An In-Depth Analysis of India’s Oil Bonds (2004-2014): Context, Impact, and Financial Legacy The Government of India (GOI) issued oil bonds between 2004 and 2014 to compensate Oil Marketing Companies (OMCs) for the losses they incurred while selling fuel below cost. This measure was part of a broader subsidy regime aimed at insulating consumers from volatile global oil prices. Over this decade,…

[townpostin]

Jamshedpur: Budget 2024-25 Hailed as Catalyst for India's Economic Transformation in CII Jharkhand Session

Industry Leaders Laud Comprehensive Approach to Growth and Development A CII Jharkhand session provided insights into the far-reaching impact of the Union Budget 2024-25 and GST reforms. Business leaders praised the government’s balanced approach to fostering economic growth across various sectors. JAMSHEDPUR – Industry experts convened to analyze the implications of the latest Union Budget and…

[techminsolutions]

Understanding Dividend Distribution Tax (DDT): How Its Abolition Revolutionizes the Indian Economy: Budget 2024

Introduction The concept of dividends and the Dividend Distribution Tax (DDT) underwent significant changes in India with the abolition of DDT in the 2020-21 Budget. Dividends are payments made by companies to shareholders from their profits. DDT, introduced in the Finance Act of 1997, was a tax levied on these dividends distributed by domestic companies, irrespective of their income tax…

[newspatron]

India's Democratic Dance: 2024 & Beyond

What are your thoughts on the future of Indian democracy? Share your views in the comments below!

India’s Democratic Dance: A Deeper Look at Elections, Hysteria, and the Need for Change Sitting at the chai stall, watching the world go by, you can’t help but overhear the whispers. “Acche din kab aayenge?” “Will our votes even matter?” “Is this the India we dreamed of?” It’s the soundtrack of everyday India—a mix of hope, frustration, and a relentless questioning of what’s next. These…

[insightfultake]

NITI Aayog at a Crossroads: Charting a New Path Amid Global and Domestic Turmoil

As the world navigates a stormy era marked by de-globalization, rapid technological shifts, rising populism, and a looming climate crisis, India's policymaking apparatus stands at an inflection point. The intellectual orthodoxy of neoliberalism—rooted in open markets, deregulation, and a minimal state—faces a legitimacy crisis globally and domestically. Meanwhile, India grapples with its own set of pressing challenges: sluggish structural transformation, persistent unemployment, and mounting inequality. It is within this turbulent context that the performance of NITI Aayog, the government's premier think tank, must be assessed as it completes a decade of existence...Read more

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The Indian Stock Markets and General Elections: Analyzing the Reactions in 2004, 2009, 2014, and 2019

The Indian stock markets, like their counterparts around the globe, are significantly influenced by political events, with elections being one of the most critical. The general elections in India not only determine the political leadership but also set the tone for economic policies and reforms that can impact investor sentiment and market performance. This article delves into the reactions of…

[innovativejunction]

The Need for Electoral Reforms: A Comprehensive Examination of the "One Nation, One Election" Principle

The Need for Electoral Reforms: A Comprehensive Examination of the “One Nation, One Election” Principle Electoral reforms are integral to strengthening democracy by ensuring transparency, efficiency, inclusivity, and fairness in electoral processes. In India, one of the most debated reform proposals is the principle of “One Nation, One Election” (ONOE). This idea envisages simultaneous elections…

[livewellnews]

"Nirmala Sitharaman: Optimism and Commitment on Mother's Day"

Finance Minister Nirmala Sitharaman shares her optimism and unwavering commitment to India’s progress in an exclusive interview with Prasanta Sahu and Shobhana Subramanian. She asserts the government’s determination to continue reforms and uphold schemes benefiting the underprivileged.

Sitharaman expresses confidence in the BJP’s electoral prospects, emphasizing that the party will secure a robust majority. Dismissing negative campaign narratives, she affirms that the government remains steadfast in its mission, unaffected by opposition rhetoric.

Addressing economic agendas, Sitharaman advocates for strategic privatization initiatives, emphasizing the importance of thoughtful decision-making to foster business growth. She discusses tax policies, acknowledging the need for careful evaluation and potential extensions in light of changing circumstances.

Reflecting on India’s attractiveness for foreign investment, Sitharaman acknowledges global uncertainties but remains committed to creating a conducive environment. She emphasizes ongoing efforts to engage with industry stakeholders and promote diverse sectors, particularly manufacturing.

Regarding monetary policy and inflation control, Sitharaman underscores the multifaceted approach required, with a focus on fiscal measures alongside monetary policy adjustments. She highlights the interconnectedness of global economic factors and the need for nuanced strategies.

Looking ahead, Sitharaman reaffirms the government’s commitment to progressive reforms, with a focus on frontier sectors and leveraging technology for transparent governance. She reassures continued support for schemes benefiting marginalized communities, underscoring the government’s dedication to inclusive growth.

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Indira Gandhi and her contribution for the country

Indira Gandhi, daughter of India’s first Prime Minister, Jawaharlal Nehru, was the 3rd PM, and the first and only female prime minister of India. She was undermined by many, as she was a woman running the cabinet of male ministers but her boldness and strategical decision making made people realise her potential. She had contributed majorly to the development of the country. 

Biography of Indira Gandhi

Indira Gandhi's early life and upbringing heavily influenced her political career. Born on November 19, 1917, in Allahabad, she witnessed firsthand the struggle for Indian independence and the sacrifices made by her father Jawaharlal Nehru and other freedom fighters. Her education, both in India and abroad, broadened her horizons and nurtured her passion for social justice.

Growing up in a household deeply involved in the struggle for Indian independence, Indira Gandhi was exposed to the fervor and sacrifices of her father and other freedom fighters. This upbringing instilled in her a strong sense of patriotism and an unwavering commitment to the welfare of the nation.

Indira Gandhi's education played a crucial role in shaping her worldview and nurturing her passion for social justice. She received her early education at the Modern School in Delhi, where she imbibed progressive ideas and imprinted her leadership qualities. Later, she pursued higher education at the University of Oxford in England, where she developed a deeper understanding of international affairs and politics. These formative years broadened her horizons and equipped her with the knowledge and skills necessary for her future political endeavors.

Married to Feroze Gandhi, a journalist and political activist, Indira Gandhi faced numerous challenges as a woman in a male-dominated political landscape. However, she defied societal expectations and emerged as a charismatic and influential leader in her own right.

Indira Gandhi's political career gained momentum when she joined the Indian National Congress party, which played a pivotal role in the struggle for independence. Under the guidance of her father, she quickly rose through the ranks and became an integral part of the party's leadership. Her sharp intellect, strong determination, and excellent organizational skills earned her respect and admiration within the party.

In 1966, following the sudden demise of Lal Bahadur Shastri, Indira Gandhi assumed the role of India's Prime Minister. As the country's first female Prime Minister, she faced immense challenges, both domestically and internationally. She implemented various policies aimed at addressing poverty, promoting agricultural self-sufficiency, and fostering economic development. However, her tenure was not without controversy and criticism. The declaration of a state of emergency in 1975 and subsequent suspension of civil liberties drew criticism from those who believed it undermined democracy.

Throughout her political career, Indira Gandhi exhibited strong leadership qualities and a firm commitment to social justice. She championed the cause of the underprivileged and marginalized sections of society, working towards reducing poverty and inequality. Her emphasis on empowering the rural population through land reforms and providing access to education and healthcare contributed to the overall development of the nation.

Indira Gandhi's political journey was marked by significant achievements as well as moments of turmoil. Her strong leadership during the Bangladesh Liberation War in 1971, which resulted in the creation of Bangladesh, showcased her diplomatic prowess and commitment to regional stability. However, her assassination in 1984 shocked the nation and left a void in Indian politics.

Despite the controversies surrounding her tenure, Indira Gandhi's contributions to the nation are undeniable. Her unwavering commitment to the welfare of the people, especially the marginalized, and her relentless pursuit of social justice continue to inspire generations of leaders. She remains an iconic figure in Indian politics, symbolizing strength, determination, and a visionary approach to governance.

Vision of Indira Gandhi

Indira Gandhi possessed a strong vision for a progressive and self-reliant India. She aimed to transform the country into a global power, focusing on economic development, self-sufficiency, and social welfare. Her vision included empowering marginalized sections of society, promoting gender equality, and bridging the rural-urban divide.

Philosophy of Life:

Indira Gandhi's philosophy of life revolved around the principles of resilience, courage, and dedication. She firmly believed in the power of democracy, secularism, and inclusive governance. Despite facing numerous challenges and criticism, she remained committed to her ideals and steadfast in her resolve to serve the nation.

Indira Gandhi and her contribution for the country

Indira Gandhi's tenure as Prime Minister witnessed both significant achievements and controversies. She implemented bold policies and initiatives that left a lasting impact on India's socio-political landscape.

1. Economic Reforms:

Indira Gandhi implemented economic reforms aimed at achieving self-sufficiency and reducing dependence on foreign aid. The nationalization of banks and the Green Revolution were among her notable economic policies that transformed India's agricultural sector and brought stability to the banking system.

2. Empowering the Marginalized:

Indira Gandhi championed the cause of the marginalized and downtrodden. She introduced pro-poor policies such as the Garibi Hatao (Eradicate Poverty) program, which aimed to uplift the socio-economic conditions of the underprivileged. Her focus on rural development and land reforms helped alleviate poverty and improve the lives of millions.

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[thozhar]

Indian tea production has been in severe crisis since the mid nineties largely due to neo-liberal structural adjustments in the Indian economy. The size of the tea industry, which is second only to China and accounts for 25 percent of global tea production, has made this a huge blow to the country’s agrarian economy. The industry employs 1.26 million people on tea plantations and two million additional people indirectly. As such, the economic crisis has had an enormous impact on the lives of local residents. In Kerala where I have been conducting research, there have been eight cases of suicide and twelve deaths due to starvation on tea plantations since 2001. Along with utter poverty and famine, tea plantation workers have faced increasingly unhygienic work environments, shattered social life/community relations, and withdrawal of the welfare measures previously enjoyed. The crisis punctured the isolated environments of the plantations and precipitated neoliberal reforms that closed down production in many areas either partially or completely. While many families remained on the plantations, large numbers of workers who had lived there for more than five generations were now compelled to seek work outside. Some went with their families to either their ancestral villages or regional industrial townships such as Coimbatore and Tirupur in Tamil Nadu. These plantation workers have now joined the ranks of the massive Dalit workforce powering India’s unorganised and informal sectors. In joining that pool of workers, Tamil Dalit labourers are exposed to aspects of a caste-ridden society from which they had previously been shielded. The situation of Saraswathi, a female retired worker in her early sixties, illustrates the dilemma and struggles of the workers who moved out the plantations.

— The hidden injuries of caste: south Indian tea workers and economic crisis by Jayaseelan Raj