THE ECONOMIC ARTICLE

Why the Indian Education System Is Failed: Comparison with Developed Countries and What Changes Need? 1. Introduction Education is not just about passing exams or getting a degree. It is the foundation of economic growth, social mobility, citizenship, and human dignity. A good education system creates skilled workers, informed voters, responsible citizens, and confident individuals. It shapes productivity in the economy, trust in society, and hope in families. That is why every successful country treats education not as a routine department of government, but as a national priority. India understands this in theory. In practice, however, the story is far more troubling. The country has expanded access to schooling and higher education significantly over the last decade. Literacy has improved, enrollment is high, and higher education participation has risen. Yet the learning crisis remains severe: many children in school cannot read at the required level, many graduates do not have empl...

Middle-Class EMI Trap: The Silent Financial Crisis of India’s Middle Class 1. Introduction EMI, or Equated Monthly Installment, is a simple idea with deep consequences. It allows a person to buy something today and pay for it in fixed monthly amounts over time. In theory, this is a useful financial tool. A family can buy a home, fund education, or purchase a vehicle without waiting years to save the full amount. But when EMIs stop being a tool and become a way of life, they can quietly turn into a trap. RBI  That is exactly what many middle-class households in India are experiencing today. EMIs are no longer limited to houses or cars. They now cover phones, furniture, air conditioners, vacations, online shopping, hospital bills, school fees, and even everyday consumption. What was once “borrow for an asset” is increasingly becoming “consume now, pay later”. PwC India BBC News  The “EMI trap” begins when monthly repayments look manageable in isolation but become dangerous in ...

India's Rising Inequality: Why the Rich Are Getting Richer and the Poor Are Being Left Behind Introduction:  India's economic story over the past three decades presents a striking paradox. On one hand, the country has emerged as the world's fastest-growing major economy, with GDP expanding at impressive rates and the middle class swelling to unprecedented numbers. On the other hand, this growth has been accompanied by a disturbing trend: the gap between the rich and the poor has widened dramatically, creating a society where wealth and opportunity are increasingly concentrated in the hands of a tiny elite while the vast majority struggles to keep pace. The numbers tell a sobering story. According to the World Inequality Report 2026, the top 1% of Indians now hold approximately 40% of the country's total wealth, while the bottom 50% own a mere 6.4% [^0^] . In terms of income, the top 10% capture 58% of national income, leaving only 15% for the bottom half of the populat...