Beyond Consumerism

by Khushi Shah ‘In nearly 100 cities, where a combined 700 million live, the consumption of goods and services ‘including food, clothing, aviation, electronics, construction and vehicles’ is responsible for 10 percent of global greenhouse gases. That’s nearly double the emissions from every building in the entire world..’’ – The New Republic Bush fires, ghost…

Uber: An Economy of Trust

by Kripa Jalan Did you ever hesitate to take an UberPool or questioned the safety factor before booking an Airbnb? Have you ever stayed in an Airbnb or used an UberPool and tried to understand why these concepts exist, how they started and what they are built on? Have you tried to understand what they…

Shining, Shimmering, Splendid

The Evolution of India’s Diamond Industry and Scope for the Future Gemstones are a unique phenomenon of nature. Formed, perhaps, under nature’s direst conditions, they have been hailed not only for their beauty but also as a metaphor for resilience. These gemstones and jewellery alike, have been integral to Indian society as indicators of class,…

De Beers: The group behind ‘A Diamond is forever’

We have often heard of the famous quote, “Diamonds are a girl’s best friend.” While that may seem exaggerated, most people, at some point in their lives, have longed for a diamond, either for themselves, or as a gift to a loved one. What enabled these stones to take the form of a status symbol…

The Greek Recession – A Tale of Bad Debt

After a decade of recession, austerity measures and poverty, the Greek economy is finally showing some signs of recovery. This makes us wonder- How did ‘mighty’ Greece turn into a case study for economists in the first place? While public debt is often thought to be the only reason for the economic meltdown, there were,…

China’s Economic Rebound : The Good, the Bad and the Ugly

Has China’s economy really recovered from the 2020 Pandemic? The COVID-19 pandemic has had a severe impact on the global economy. With many countries enforcing lockdowns to curb the pandemic, there has been a serious disruption in the global supply and demand chains. Unemployment levels, too, are on the increase, as it becomes difficult for…

Behind Scam 1992: The Basics of the Securities Market

The Securities Scam of 1992 was a revelation. It opened up the eyes of the public to the volume of funds that pass through the Securities (Stocks and Debts) Market every single day. Almost three decades later, the 1 billion $ scam is back into popular culture and public spotlight with representation all over the…

Japan: The Miracle That Faded Away

“There are four kinds of countries in the world: developed countries, undeveloped countries, Japan and Argentina.” – Nobel Laureate Simon Kuznets In the 1970’s and 80’s, Japan looked like a utopian society, riding on the backs of economic success, which at the time, no one understood why. This “Economic Miracle” baffled economists all around the world….

Mera Joota Hindustani

Growing Opportunities for the Indian Footwear Industry “There’s an awful lot you can tell about someone by their shoes.” ~ Forrest Gump (1994) Through popular culture and media, shoes have come to be regarded as a status symbol. Whether it’s a classy pair of red-bottoms or a casual pair of crocs, first impressions are often…

Should Governments Fight a Recession With Spending Hikes Or Tax Cuts?

For Spending Hikes – Mehak Singh A recession implies significant decline in overall economic activity, usually due to a drastic drop in spending and has widespread effects such as unemployment, lower wages, and lost opportunities. So how exactly should the government wrap its head around these mammoth issues? The very nature of recessions suggests that…