BRICS Expansion 2025: Can It Challenge the Dollar’s Dominance?
The BRICS bloc, which includes Brazil, Russia, India, China, and South Africa, has been evolving into a larger “BRICS+” coalition of emerging economies. In 2025, the group officially added Indonesia and invited new members, including Saudi Arabia, the…
MSMEs and the Future of Job Creation in India
India’s growing workforce presents both opportunities and challenges. Official data shows that India’s labour force grew to about 64.3 crore in 2023, an increase of over 16.8 crore jobs since 2017. Unemployment has reportedly dropped to around 3.2%.…
AI & Job Polarisation: Will AI Create More Jobs Than It Destroys?
“AI could replace 300 million jobs worldwide, but it could also create even more.” This paradox lies at the centre of today’s debate about the labour market. From call centres in India to high-tech areas in Silicon Valley, artificial intelligence is…
How Festivals Boost India’s GDP
Did you know that India’s festival season generates an incredible ₹4.25 trillion ($50.57 billion) each year? This accounts for nearly 9-10% of the country’s GDP. In 2024, Indian festivals are expected to bring in ₹75 billion, making them one…
GST 2.0 – Balancing Growth and Fiscal Prudence
Introduction India’s Goods and Services Tax (GST) was introduced in 2017 as a historic reform toreplace a complex web of indirect taxes with a unified, destination-based tax system. Overtime, GST improved transparency, boosted compliance, and enhanced…
Tourism Sector in India: Current Landscape and Vision 2047
Introduction “Every fifth job created in the world over the last decade has come from tourism.” India clearly shows this global trend. In 2023, India’s travel and tourism industry contributed nearly ₹19.13 trillion (US$232 billion) to the economy, which…