Contemporary Economic Policies and Changes

Abstract

This chapter delves into the evolving landscape of India’s economic policies amidst the global and domestic challenges of the past decade. Anchored by the pillars of self-reliance, digital transformation, and sustainable development, India has undertaken significant reforms to boost competitiveness, promote innovation, and ensure inclusive growth. The analysis focuses on flagship initiatives such as Atmanirbhar Bharat, the Production Linked Incentive (PLI) Scheme, the Digital India and fintech revolution, and the country’s commitment to a green economy through renewable energy and sustainable practices. Case studies and empirical data highlight sectoral transformations, while the chapter also examines structural constraints and outlines future policy pathways. The integrated approach across industrial, digital, and environmental spheres underscores the necessity of coordination and innovation for long-term resilience and prosperity.