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The quality of institutions indicates the level of economic development in the country. Institutions are a part of a system that is based on human interactions and that leads to the generation of incentives. These incentives can deal with uncertainties and foster economic, social, political growth, provided the human interactions are moderated well. This paper reflects on the strength of the interventionalist institutions like cooperatives in India and promotes institution building for a better future. The base of the paper focuses on the lessons learnt from dairy cooperatives in Gujarat state and discusses the current situation of the cooperatives and challenges faced by them. The cooperatives in India have been old institutions with a great history of success as also failures. Though there are various types of cooperatives in India, the dairy cooperatives have been able to gain more attention in the international market due to the Operation Floods I, II, and III. India has secured its position as one of the largest milk producers in the world. At present, India produces 20% of the total milk production in the world. This paper is a blend and analysis of theoretical perspectives and ground realities of the dairy cooperative sector in India. The paper follows theoretical perspectives from institutional theory to analyse the present scenario of dairy cooperatives in India. It addresses the gaps in the dairy cooperative development sector with an in‐depth analysis of ground realities and contributes to future policy formulation and interventions. [ABSTRACT FROM AUTHOR]

The paper critically analyzes the problems and the hurdles for the financial inclusion for the economical growth and plans to call attention to the importance of Pradhan Mantri Yojana to bring Financial Inclusion a reality. A country can develop economically and socially if its weakest section can end up being financially independent. To achieve inclusive growth, the Government of India has introduced many schemes recently and steps have been taken that the benefits of policies reach the people. The schemes include Pradhan Mantri Jeevan Jyoti Yojna, Pradhan Mantri Bima Suraksha Yojna and Pradhan Manti Atal Yojna that have already been launched. The unawareness of financial institutions in the rural, semi‐urban and hilly areas of India is worrisome. The study focuses on the secondary source of information obtained through the website of the Reserve Bank of India website and other published sources. Sustainable growth, economic development and progress of an economy can only be achieved if a country has a well‐equipped financial system. All the assets, funds and capital have to be properly channelized for attaining inclusive and sustainable development goals in the Indian economy. [ABSTRACT FROM AUTHOR]

Regional disparities are an alarming issue in India, and it has been widening in spite of various policy initiatives by the government to develop backward areas. The fruit of high growth have not been distributed fairly across India's different regions and have given rise to the threat of regional inequality. Disparities in social and economic development, employment, and infrastructure amenities across the regions and within regions have been a major challenge to policy makers and economists. This paper is an attempt to understand the recent picture of regional imbalance in India across its states. The paper tries to analyze the existing regional disparity in India in terms of macroeconomic aggregates, social and economic infrastructure, and human development. The paper also examines the various policy initiatives taken by the government of India to achieve the regional balance in development. [ABSTRACT FROM AUTHOR]