For centuries, economics has been a male-dominated field – but not anymore. Women across the globe are leaving a mark in the sphere of economics. In this article, the author discusses the contributions and achievements of five influential Indian female economists: Anshula Kant, Gita Gopinath, Jayati Ghosh, Bina Agarwal, and Rohini Pandey.
On the evening of 20 June 1991, When P.V. Narasimha Rao skimmed through a confidential note prepared by the Finance ministry, his first response was: ‘Is the economic situation that bad?’ To this, Naresh Chandra’s reply was, ‘No sir, it is actually much worse.’ – states Jairam Ramesh in his book ‘To the brink and back’.
Pandemics cause significant disruptions in a functioning society. Following the coronavirus, the Indian government implemented a Janta curfew on March 22, 2020, followed by a nationwide lockdown in late March to prevent the spread of the highly contagious COVID-19 virus.
Globalization produces high-yielding results in any country, primarily by removing tariff barriers and opening up new avenues of development for either country. It also allows people to explore new cultures and makes it easier for them to access their practices in terms of food, music, art, and so on.
Ukraine and the Russian Federation severed diplomatic ties on February 24, 2022, signalling that the only option for peace on the table had been relegated. The ongoing crisis has been a source of concern since 2014, and we are now seeing images of an all-out war that could have serious consequences for the global population.
National Reserves are a country’s assets that back its currency and monetary deposits in banks. They can be in the form of precious metals such as gold, foreign currencies, or other highly liquid assets such as cash.
Women form an integral part of the Indian workforce. In the last few decades, a large number of women have entered the Indian labor force, and this growth has been particularly noticeable in the agricultural sector.
This article analyses the bidirectional relationship between economic development and women’s empowerment. Further, two possible outcomes are examined and supported by case studies from Tanzania and China, recent research, and arguments advanced by renowned economists. Women’s fundamental rights and the status they deserve in society are also emphasized. Finally, various systematic flaws are identified, and it is emphatically stated that policy actions should prioritize the welfare of women.
Time and again, we hear about how economies are performing “good” or “bad.” Still, the real question is how exactly do we judge an economy and what differentiates a “good” economy from the rest? History can tell us a lot about a lot about the different global economies. In fact, many hard lessons may be learnt from the world’s worst-performing economies.
“For each according to his abilities. To each according to his needs,” said Karl Marx, the architect of the communist revolution that swept across continents in the last century. Many countries adopted this philosophy with variations to suit their needs. It was undoubtedly holding forth a promise of a more egalitarian society where everyone was equal. This was, however, contrary to human nature, which works optimally in a more free, vibrant and competitive environment. Moreover, it led to the decline of communism and another socialistic form of economies, in favour of the free enterprise world of the west. The socialistic form of government adopted by us after independence was able to nurture industrial development and safeguard the interest of the poor. However, it was unable to provide the large-scale economic development that is crucial for us to make the country strong and stable. To this end, the economic liberalisation prompted the entry of multinationals with capital and technology, which was a welcome step in the right direction.
As the devastating wave of Covid-19 pandemic hit India, the country went into abruptly imposed lockdowns, the Indian economy suffered a severe demand shock and the GDP contracted. Amidst all the chaos, several economists tirelessly suggested putting money in the hands of people. The pandemic sparked discussion on the plausibility of UBI.
Does a Housewife even contribute to the country’s economy? Does she even work? In the fast-growing world where Women empowerment and feminism are spreading rapidly, some people do not consider housewives productive and even the National census place them to be in the non-worker category. Well, here is an article for you to show other side of the coin.
Since the time of Aristotle, economics has been helping people in forming a better judgement to help them overcome greed and selfishness. Different scenarios have made us aware of how greed can lead us to disaster and how economics plays its role. It is important to understand how moral values are important as they affect society and the economy.
Why we need to revisit Economics and the way it is taught comes in the backdrop of not only COVID’19 pandemic but also due to the frictions in the economy. If we look at the way economics is taught, we can be sure that there is not much to catch up on from the Bachelors to Masters Level.
Why cannot a reserve bank print countless currency notes and distribute them to poor people or use them to pay debts to other countries? Well, it seems a simple solution for a country to alleviate poverty or to become rich.
No matter how naïve this question sounds, anyone who is interested in economics might have asked this question at some point. So in this piece, I will try to clarify why printing currency is not a good idea, except in the case of deflation.
Population plays a crucial role in the economy; there is a strong relationship between economics and population. A different type of population in various economies gives numerous results. To ensure prosperity in the economy, governments formulate different policies in the modern era like the one-child policy in china and the two-child policy in India.
The Ease of Doing Business Rank (EODB) estimates an economy’s position to the best regulatory practices. The ease of doing business index is an index created jointly by Simeon Djankov, Michael Klein and Caralee McLeish, three leading economists at the World Bank Group. It is an aggregate figure that includes different parameters, which define the ease of doing business in a country. The World Bank used to publish the ‘Doing Business’ reports from 2003 later on in 2006 that ranking the economies started.
With the National Statistical Office releasing provisional National Income estimates, shedding light upon the condition of the Indian economy, especially in terms of its GDP contraction, there has risen a need to understand and know the intricacies of the reasons behind this contraction. Speaking of the facts, India’s Gross Domestic Product (GDP) contracted 7.3% in 2020-21. Also, GDP growth in 2019-20, the time when dark clouds of the pandemic weren’t hovering above the country, was 4%.
According to the official statement by the Centre, measures taken by the Government on the fronts of the FDI policy reforms, ease of doing business, investment facilitation have resulted in the increased FDI inflows in India.
The growth in the country’s Foreign Direct Investment (FDI) is an endorsement of its status as a preferred investment destination among global investors.
Did you know that women with children tend to earn lower wages than women without children? This shortfall is known as the ‘child wage penalty’ or ‘family gap’ or ‘motherhood penalty’.
Mothers are given fewer wages than women without children, given that mothers are less dedicated to their job and can’t provide full attention as they have to take care of their children.
Interestingly the difference in the pay of mothers and non-mothers is much more than the wage difference of men and women.
Economic recessions and the ensuing job cuts force many people out of conventional workplaces. Many of these people have gone on to create some of the largest companies that we see around us today. The Microsofts, the Ubers and the Airbnbs of the world were founded during times of economic distress to later enable people to adapt to a changing world. However, some people, particularly of the non entrepreneurial mindset, find themselves working as waiters or waitresses. In 2009, this observation MEN prompted Hugo Lindgren to articulate the Hot Waitress Index in an article in the New York Magazine.
High on views, recommendations, and trends on social media, Shark Tank has brought a path-breaking segment and realm to the Indian multimedia industry, which is infotainment. Not only this, but this show, for the first time, gave an Indian context to the topics of market and firms.
An entrepreneur is a person who starts a new business, bearing most of the risks and reaping the best of its rewards. He/She/They is often regarded as an innovator, a source of new ideas, goods, services, and business or procedures. On the other hand, “entrepreneurship” refers to the process of starting a business.
Startups are new ventures that aim to change the world with their innovative products or services. It aspires to provide a service to society that does not currently exist. Today’s unicorns, such as Amazon, Facebook, Google, Apple, and Netflix, began as start-ups.
Fashion is more than just a piece of clothing. It’s an expression of your personality and creativity, as well as an art form. It’s a daring and bold statement that reflects your perspective and thoughts. Fashion had its own recognition in the 1980s, 1990s, and 2000s, and it is still changing, evolving, and adapting.
Drop shipping, a new trend for Entrepreneurs in the World. A business model, which helps you in getting you to your dreams with small steps. As this method helps the Entrepreneur get started with a little, it also gives them some cons in return. Would you mind reading the full article by our lovely member to enlighten you about what is Drop shipping?
Covid-19 struck the world like lightning; it changed the lives of everyone. In the beginning, the world seemed to have stopped working; however, with the help of technology, we saw the silver lining in the darkest clouds. Now the world is witnessing new opportunities for a person career. Would you mind reading the article written by our member shedding some light on Job Opportunities Post Covid19?
“I always believed that one woman’s success can only help another woman’s success.” – Gloria Vanderbilt. The struggle for women empowerment has been going since the 19th century. However, the portrayal of women as entrepreneurs is progressively increasing all over the globe. Entrepreneurial activities play a vital role in developing and ensuring the well-being of society. Women constitute half of the world’s population, and hence the economic role played by them cannot be isolated from the objective of development. They are imperative drivers of advancement and growth.
Bringing you some commonly used startup terms that you may not have heard yet, or of you already know these terms, you can also learn more about the startup terms to enhance your knowledge about startups and entrepreneurship.
Education has always been related to books and classroom teaching. Not so long ago, the concept of e-learning was introduced, which implemented basic technology and used modes like e-books and tablets to eliminate the hassles of offline chalkboard teaching, but the entry of Ed-Tech start-ups has further revamped the way Indians study. With more than 320 million children, India is a country where the teacher to student ratio is usually on the unhealthy side. Students rarely get the opportunity to ask and clarify doubts personally and hardly get any individual attention. Ed-Tech offers a comprehensive solution to all of this and much more.
We gave Englishmen the ‘Kohinoor’, and they gave us ‘Tea’. The day is celebrated to bring out the global attention of governments to the impact of global tea on workers. It also highlights the effort of the people who are involved in the production of the beverage.
On February 24, 2022, Vladimir Putin launched an armed attack on Ukraine and set the scene for Europe’s potentially second-largest conflict after World War II. Since then, the global markets have been suffering uncertainty.
Money and barter have been used as a means of value exchange for centuries. In the past, beads, tokens, silver, gold, and other commodities were used as money.
Non-fungible tokens (NFTs) are blockchain-based cryptographic assets with unique identification codes and metadata that distinguish them from one another. They cannot be traded or exchanged at equivalency, unlike cryptocurrencies.
The Indian Premier League (IPL) is a T-20 cricket league established in 2007 by the Board of Control for Cricket in India (BCCI). The first edition of the league was held in 2008, and it has taken place every year since then. The game features ten teams representing various states across the country.
Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. It’s a peer-to-peer payment system that allows anyone to send and receive money anywhere.
“Business mein saturation aata hai, dimag mein thodi? Woh chalta rehta hai na!” – Scam 1992: The Harshad Mehta Story
Evergrande is a prominent real estate developer in China. The firm is a member of the Global 500. It owns approximately 1300 projects in over 280 cities within China, and the firm creates around 3.8 million jobs and employs over 200,000 individuals per year. This means that it is also one of the world’s largest corporations in terms of sales. Evergrande is one of the largest real estate developers in China. The firm is presently constructing a lotus flower-shaped soccer stadium with a gigantic capacity of 100,000 spectators for an estimated $1.7 billion. Since last year, the stock was launched in Hong Kong and produced around $110 billion.
Everything that we see around us, the colours on the walls of your room, and the wallpaper that you use for your phone is a form of art. Art inspires people to break the monotony of day-to-day life and helps them express and create.