Economy NOtes

The Ministry of Skill Development and Entrepreneurship, formerly known as the Department of Skill Development and Entrepreneurship

The importance of skill development cannot be overstated, and it plays a crucial role in shaping individual careers and contributing to the overall growth

As part of this initiative, 25 focus sectors under MSME have been identified to encourage and promote investments. The focus sectors are chosen to create a positive investment climate and drive economic growth

The relationship between unemployment and inflation rate is a fundamental concept in macroeconomics, central to understanding the dynamics of an economy.

Labour law reforms in India have emerged as a crucial agenda in the nation’s economic and social landscape, aiming to recalibrate

Among these, the International Labour Organization (ILO) holds a significant position, serving as a crucial partner in India’s quest for equitable labor practices, social justice, and sustainable development.

Child Labour involves children engaged in work that deprives them of their childhood, potential, and self-respect. This includes work harmful to their physical

The sole conceptual discrepancy between Worker Productivity and Labor Productivity lies in the nature of “work” they encompass. Worker productivity pertains to mental activities, while labor productivity primarily involves manual tasks.

Jobless growth occurs when the economy experiences an increase in Gross Domestic Product (GDP), indicating economic growth,

Unemployment in India is a multifaceted issue that encapsulates various dimensions, reflecting both structural and cyclical factors within the nation’s economy