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…

Why Trump’s Trade War Is Necessary

It is conventional wisdom to think of capitalism and communism as polar opposites, almost identically opposed in every way. Capitalism has always been associated with free markets, free speech, and democracy, whereas the word communism brings images of dictators, amped-up rhetoric, food rationing and so on. Even before the Cold War ended, we have been…

The Rise and Fall of the Indian Rupee

  “This is the beginning of the big bang for India” quoted Masayoshi Son, CEO of SoftBank while talking about the current economic growth patterns in the country. Then why is it that the most promising Asian country also houses the worst performing Asian currency? Before demystifying this apparent ‘paradox’, let’s dive into the basics…

PURA: India on the same level

Does rural India really need urban facilities? As a boy I remember not being very fond of visiting our village. It took a tiring journey to get there, the water tasted differently, and the mosquitos didn’t help the case much. Today, when I look back, however, I do not remember the roads, or how the…

Rainbow Capitalism

I often thought my gravestone would say, ‘Here lies Gandalf. He came out.’ -Ian Mckellen Rainbow Capitalism, also known as Pink Capitalism or Gay Capitalism, is used to describe the inclusion of queer commodities into industries or companies. (Queer is an umbrella term that is used to refer to a person who identifies with the…