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Economy

NATIONAL DESIGNATED AUTHORITY FOR CARBON MARKETS

The Environment Ministry has established the National Designated Authority (NDA) to govern carbon trading, a requirement under Article 6 of the Paris Agreement. The new framework will incentivize industries to reduce emissions by allowing them to trade carbon credits, linking economic growth with environmental responsibility. This development demonstrates India's proactive stance on climate action.

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DAIRY SECTOR IN INDIA: SIGNIFICANCE, CHALLENGES, WAY FORWARD

Indian Dairy Sector, a global leader in milk production, is a vital part of the rural economy, contributing 5% to the national GDP and employing over 8 crore farmers. Despite challenges like fodder inflation and animal diseases, the sector is balanced for growth through government initiatives and strategic focus on value-addition and technology.

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HOMESTAY TOURISM: SUSTAINABLE AND INCLUSIVE TOURISM

Homestay tourism is emerging as an effective tool of inclusive growth, combining cultural exchange with economic opportunity. Driven by policy support from NITI Aayog and state governments, the sector has the potential to transform rural areas by creating local livelihoods, empowering communities, and promoting sustainable and responsible tourism.

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INDIA-NEPAL RELATIONS: BACKGROUND, CHALLENGES, WAY FORWARD

India and Nepal have a deep historical, cultural, and economic relationship, exemplified by the 1950 Friendship Treaty and open border. However, modern challenges like border disputes, Nepal's treaty revision, and China's influence threaten this bond. Strengthening it requires balancing sovereignty with cooperation in trade, energy, and security.

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ONLINE GAMING REGULATION: CHALLENGES AND WAY FORWARD

The Promotion and Regulation of Online Gaming Bill, 2025, proposes a ban on online money games, including skill-based ones like fantasy sports, to combat addiction, financial losses, and illicit activities. However, it also raises concerns about job losses and the rise of the illegal betting market, highlighting constitutional ambiguities.

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MSME SECTOR: SIGNIFICANCE, CHALLENGES AND WAY FORWARD

The MSME sector is the backbone of the Indian economy, driving employment, innovation, and exports, but faces challenges related to credit access, technology adoption, and skilled workforce, requiring continued government support and focus on digitalization and sustainability for resilient growth. 

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SEMICONDUCTOR SECTOR IN INDIA: CHALLENGES AND OPPORTUNITIES

Semiconductor sector driven by the India Semiconductor Mission, aims to achieve technological sovereignty, strengthening national security, and boost economic growth. India excels in chip design, however, it faces challenges including capital requirements, infrastructure deficits, and geopolitical risks. Government support and international partnerships are vital to become a major global semiconductor player.

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PUBLIC DISTRIBUTION SYSTEM (PDS) REFORM: CHALLENGES AND WAY FORWARD

Public Distribution System delivers subsidised food to more than 80 crore beneficiaries under the National Food Security Act 2013. The government identifies critical challenges, including leakages, inclusion/exclusion errors, and storage issues. Recent reforms implement End-to-End Computerisation, One Nation One Ration Card, and Aadhaar seeding to boost transparency and accessibility.

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INDIA-MIDDLE EAST-EUROPE ECONOMIC CORRIDOR (IMEC): SIGNIFICANCE, CHALLENGES, WAY FORWARD

The India-Middle East-Europe Economic Corridor, launched at the 2023 G20 Summit, aims to enhance trade and integration via a multimodal route, offering a strategic alternative to China’s BRI. Its success depends on overcoming Middle East geopolitical instability through collaborative, transparent efforts, ensuring sustainable connectivity and mutual economic growth across regions.

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CHINA’S EXPORT CONTROL: IMPACT ON INDIA

China's increasing export controls pose a threat to India, whose economy depends on China for critical minerals production and rare earth processing. India's response includes diplomatic pressure, diversification of supply chains, strengthening international partnerships, and implementing Atmanirbhar Bharat to reduce import dependence.

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WELFARE OF GIG WORKERS: KARNATAKA MODEL

The Karnataka Platform Based Gig Workers (Social Security and Welfare) Ordinance, 2025, aims to address issues like precarious employment, income volatility, lack of social security, poor working conditions, and algorithmic control in India's gig economy, which is expected to employ 23.5 million workers by 2029-30.

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RIGHT TO REPAIR: MEANING, SIGNIFICANCE AND WAY FORWARD

India's Repairability Index framework promotes the "Right to Repair" for electronics, empowering consumers with informed choices and reducing e-waste. This initiative combats planned obsolescence, promotes a circular economy, and creates economic opportunities. It addresses consumer grievances and aligns with global sustainability goals.

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