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Title: GDP, Unemployment, Government Expenditure in Bangladesh: Testing the Relevance of Okun’s Law

Abstract: This study examines the dynamic relationship among Gross Domestic Product (GDP), unemployment, and government expenditure in Bangladesh from 2010 to 2025. The analysis highlights a period of robust economic performance, with GDP growth consistently averaging above 6%, driven primarily by manufacturing, garment exports, and the service sector. Despite the significant disruption caused by the COVID-19 pandemic in 2020, which saw growth dip to 3.45%, the economy demonstrated structural resilience and a rapid recovery. Concurrently, government expenditure has expanded significantly as a fiscal tool for development, particularly through large-scale infrastructure projects and social safety nets. Public spending rose from BDT 1,217 billion in 2016 to over BDT 2,218 billion by 2025. However, this expansionary stance has not fully addressed labor market inefficiencies. Unemployment has remained relatively stable between 3% and 5%, suggesting that the link between GDP growth and job creation is weak, thereby offering only limited support for Okun’s Law in the Bangladeshi context. The study identifies persistent structural challenges, including high youth unemployment and skill mismatches, and concludes that inclusive growth policies and labor market reforms are essential to translate macroeconomic gains into sustainable employment generation.

By S.K.S. Yadav, Imran Hosen, Dhwani Gupta
In Volume: 15,Issue: 1
Title: Traditional Continuousness and Market Services: A Mixed-Method Field Study of Khadi Weaving Communities in Cumilla, Bangladesh

Abstract: A mixed-methods field study in Cumilla District, Bangladesh, from October 2025 to February 2026 studies Khadi manufacture and community well-being. It also illustrates global market entry issues. Primary data came from 360 semi-structured artisan interviews, 8 64-person focus groups, 300 household surveys from five upazillas, and 120 hours of participant observation. This study analyzed qualitative data (1,847 coded references, 24 nodes/6 themes) using NVivo 14 and evaluated quantitative dichotomous outcomes (well-being, market access, and GI awareness) using Fisher's Exact Test, One-Proportion Z-Test, Point-Biserial Correlation, McNemar's Test, and Cohen's Kappa (?=0.87).Major findings indicate that 71.4% of craftsmen experience emotional fulfillment in Khadi production, with present artists reporting superior well-being than former craftspeople (WHO-5 mean: 68.3 vs. 52.1; OR=4.82, p<0.001). GI certification increased average monthly wages 28.4% (BDT 8,450–10,850), however 62% are below the national living wage. Young people's engagement decreased from 42% (2010) to 18% (p<0.001) due to limited opportunities and a dismal income outlook (67%). Only 12% of people have access to global markets, and digital literacy highly corresponds with export activity (r_pb=0.42, p<0.001). These findings help the Craft-Centered Marketing Methodology (CCMM) balance market integration and cultural continuity utilizing the "Story-Value-Connection" (SVC) framework for sustainable Khadi growth.

By S.K.S. Yadav, Muhammad Mahboob Ali, Kiran
In Volume: 15,Issue: 1
Title: Socioeconomic Impact of Migration in Rural &Urban Population of Rajasthan

Abstract: Rajasthan, India’s largest state by area, has historically been a major source of internal and international migration due to Agro-Climatic vulnerability, water scarcity and limited industrialization. This study evaluated the data of Census 2011.Periodic Laborer Force Survey (PLFS), 2022-23 and primary survey data from some districts and examines spatial patterns, drivers, and economic impacts of migration. Results show three dominant streams: rural-urban intra state to Jaipur-Kota, rural-rural to Punjab-Haryana-Gujrat for agriculture and construction, and rural metro cities for textiles and services. Remittances constitute 7.8% of Rajasthan’s GSDP reaching 18.2% in Barmer and 14.6% in Sikar. Districts level regression indicates that 1% rise in out migration increases per capita income by Rs 1840 but reduces food grain yield by 0.6% due to laborer loss. Migration reduces poverty by 4.2% in high out migration districts but creates skill deficit, elderly care burden, and agricultural fallow. The study concludes that migration is both a coping mechanism and a development lever, requiring a migration sensitive policy integrating skill hubs, portability of welfare and remittance investment channels.

By Poonam Chaudhary
In Volume: 15,Issue: 1
Title: The Role of Artificial Intelligence in Digital Transformation: opportunities, challenges and Future Directions

Abstract: Artificial Intelligence (AI) has emerged as a transformative force that is redefining the way organizations approach digital transformation. By enabling intelligent automation, advanced data analysis, predictive decision-making, and personalized customer experiences, AI has become a key driver of innovation and organizational competitiveness. Despite its growing adoption, organizations continue to face several challenges, including ethical concerns, data privacy issues, cybersecurity risks, workforce adaptation, and implementation costs. This study examines the role of Artificial Intelligence in digital transformation by synthesizing evidence from recent academic literature, industry reports, and credible institutional publications. The paper adopts a qualitative approach based on secondary sources to explore how AI contributes to organizational transformation across different sectors. The analysis highlights that successful digital transformation depends not only on technological adoption but also on organizational readiness, effective leadership, employee capabilities, and responsible governance. The study further discusses the opportunities created by AI, the barriers affecting its implementation, and the future directions that can support sustainable digital transformation. The findings provide valuable insights for researchers, business leaders, and policymakers seeking to understand the evolving relationship between Artificial Intelligence and digital transformation in the modern business environment.

By S.K.S. Yadav, Kavita
In Volume: 15,Issue: 1
Title: Digital Payments and Fraud in India: A Systematic Review of UPI's Growth and Machine Learning-Based Detection Frameworks

Abstract: India's Unified Payment Interface (UPI) can be stated as the most revolutionary payment system of the twenty-first century. It processed over 21 billion transactions worth ?27.97 lakh crore in December 2025 alone. These figures dictate both its remarkable reach and the security challenges it presents. Since its launch in April 2016 by the National Payments Corporation of India (NPCI), UPI has outpaced traditional digital payment systems, and now over 85% of digital transactions in India are done using UPI. Though the growth is remarkable, it allows new kinds of frauds and scams to arise. Studies show that digital fraud has surged by 346% during COVID-19. This paper examines the empirical and review studies from 2017 to 2026 related to the intersection of UPI’s exponential growth and evolving landscape of digital payment frauds in India. The study critically evaluates the most dominant types of fraud typologies, like phishing, QR code manipulation, KYC impersonation, and social engineering scams, along with the methods used for the prevention of such types of fraud, like machine learning and deep learning architectures. The review finds that machine learning and deep learning architectures achieved over 99% accuracy in the detection of fraud. There are still persistent challenges like class imbalance, data privacy, and adaptive fraudulent behavior. The paper argues that effective fraud mitigation and prevention require more than algorithmic advancement. A multi-layered response integrating system, regulatory dimensions, and user awareness is still required to tackle and prevent fraudulent activities.

By Abhishek Mishra and Dr. Mahendra Pal Singh Yadav
In Volume: 15,Issue: 1
Title: Fostering Innovation through Education: India's National Education Policy (NEP) 2020 and Mainstreaming of Entrepreneurial Education

Abstract: This paper intends to argue that incorporating entrepreneurial education into school and college curricula is essential for developing a creative and resilient mindset in young people, transforming job seekers into producers and improving initiatives like Startup India. It divides its analysis into four main sections: an introduction that presents entrepreneurship as an essential component of education that aligns with SDG 4's objectives for skill development; a comparison of NEP's visionary reforms towards experiential, multidisciplinary learning with pre-NEP 2020 issues like rote learning, vocational silos, and skills mismatches; an analysis of new teaching methods, emphasising flexible structures like credit banks and interdisciplinary enterprise skills; and A list of crucial actions for implementing NEP 2020, including teacher training and innovation councils, have also been analysed. This paper is a descriptive study, which relies on government reports and documents to study the performance of NEP in fostering innovation and entrepreneurship.

By Prateek Agrawal, Rajeev Sijariya, Monika Singh, Ajay Pratap Singh
In Volume: 15,Issue: 1

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