By Vasudha Jha | Edited by Atiyah Krishnan India’s 75 years of Independence has showcased its resilience, with an economic growth estimated at 7%, the highest among the major economies despite the geopolitical scenario of the covid-led slowdown, Russia-Ukraine war and supply chain disruptions. This year’s budget envisions the time “Amrit Kaal” (2022-2047) for a…
Category: Current Affairs
The G20 Presidency: An Economic Boon for India
By Aman Kayal (Editor-In-Chief) You might have often come across the term ‘G20 Presidency’. But have you ever wondered what it means for India and how will it benefit economically? G20 was formed in 1999 as a forum for finance ministers and central bank governors to address issues related to the global economy after the…
Elections and Financial Markets, are they intertwined?
By Ishan Binod | Edited by Aashni Rebello “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Benjamin Graham, American economist. Elections are an instrumental tool in the political process of any modern democratic entity. The months preceding any general election, are characterized…
Turbulence in Turkey
By Ayushi Ghosh | Edited by Nisha Gokhale Turkey’s economic history has been nearly as turbulent as its political one. With each regime and social class having differing ideas about how to best approach economic policy in the nation, the Turkish Lira is no stranger to volatility. In the more recent years, however, the Lira…
The Behavioral Signs of the Recession
One of the most unconventional ways to know if we are headed towards a recession is by looking at a baby’s bottom. Yes, that’s right. Studies find that parents end up changing baby diapers less frequently in times of a recession, which in turn causes an increase in the sales of baby rash creams. According…
Lamppost Theory
Ever heard of economists and politicians opening two contradictory views about matters that are largely related to the economy and wondered how can politicians digress from what’s being suggested and claimed by people who’ve been formally trained for years to deal with economic issues? Well, that’s not an unusual situation after all and it is…
All you need to know about the Global Recession of 2020
During the period between July 2008 and June 2009, major economies suffered a domino effect of the US recession after the country’s housing market collapsed. It was the most severe economic crisis witnessed in the US since the Great Depression in the 1930s. In the 10 years that followed, we saw the world enjoying a…
Interview with Dr. Soumya Kanti Ghosh
We live in an uncertain and volatile world. There is such a strong interplay of different factors that sometimes it can become too overwhelming for us to make sense of these complexities. To help unravel these complexities, the Declassified Team caught up with Dr. Soumya Kanti Ghosh, the Group Chief economic advisor of SBI to…
Attention! Economy
As I sat down to finally put my thoughts on a word document for this blog post, I did what I usually do, I opened about ten different tabs, gathered information and research and started building an argument. Until I came across this – “[Nicholas] Carr … explains how the printed book served to focus…
The Big, Fat Indian Wedding: For Richer Or Poorer
As we say goodbye to 2018, we also bid adieu to a very eventful wedding season which saw some of India’s most powerful elite host their lavish weddings. These weddings made headlines, not only locally but internationally, for their exotic locales and extravagant pre-wedding festivities. As the hysteria surrounding exclusive wedding photographs and lehenga designers…
Economics Declassified 