India has the world’s biggest, most diverse, and most resilient economy. The COVID-19 epidemic disrupted several industries, but the economy was recovering. Services are crucial to GDP (Fiksel et al., 2021). Indian IT firms provide services globally. Agriculture provides food and jobs for a substantial population (Kumar et al., 2020). The government has promoted local manufacturing via “Make in India” to increase output and jobs (Mtenzi et al., 2023). Transportation, energy, and telecommunications investments have supported economic growth and connectivity.
The Reserve Bank of India (RBI) regulates India’s extensive banking, insurance, and capital markets. India’s youthful, rising population provides a vast labor and consumer base (World Bank Group, 2023). Inequality, poverty, unemployment, and environmental difficulties plague the nation (Neog & Gaur, 2020). Addressing these difficulties and adopting effective policies are essential for sustainable and equitable development.
