The Overseas Mobility (Facilitation and Welfare) Bill 2025, introduced by the Modi government to replace the Emigration Act of 1983, marks a major policy shift—India will actively facilitate and regulate overseas employment for its citizens, establishing an Overseas Mobility and Welfare Council, Mobility Resource Centres, and protections for emigrants, making the government a central player in exporting labour and talent abroad.
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In 1991, India and China both had nearly identical per capita GDPs of about $334, but three decades after liberalisation, China’s per capita GDP is almost five times higher than India’s, reflecting vastly different outcomes from similar starting points in economic development strategies.
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In 2025, the Nobel Prize for Economics was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their pioneering research showing how innovation and the process of "creative destruction" drive sustained economic growth, demonstrating that technological advances and openness to change are crucial for long-term prosperity.
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