Consumerism, a hoax? : Case Study on Walmart

By Atiyah Krishnan | Edited by Ashna Ranade “Save Money. Live Better.” This is the tagline of the biggest retailer in America, Walmart. It was founded in 1962 by Sam Walton. Walton spent a lot of time in the local supermarkets back then in order to determine their business strategies. He would stay at the…

The Smaller Picture

By Ruth D’souza If you’ve ever fallen prey to the attractive marketing strategy of small sized products, you are not alone. Be it the attractive packaging, the aesthetic of a product that fits in your palm or even the allure of using it as a sample without spending too much, these smaller packs have proved…

Boom in the Automobile Industry: The Innovation of Electric Vehicles

By Aman Kayal Edited by Nisha Gokhale Are Electric Vehicles (EV) economical? At first glance, EVs are definitely exorbitant compared to normal fuel run vehicles. However, EVs have significantly lower servicing costs, and unlike Internal Combustion Engines (ICEs), where service costs rise sharply with age, EVs have much lower service cost escalation over the same…

Economics Declassified YearBook for 2020-21

Less of talks, more of action!! Two defining things behind the Economics Declassified, brought to reality in 2016 with a purpose to deliberate, demystify and distill key economic ideas, to make them accessible to students from all streams. As we reflect on this past year, the experience has been simply incredible. We have served the…

In Conversation With Mr. Tejas Mehta

Tejas is a Xavier’s Alumna who graduated with a degree of B.Sc. in Statistics in the year 2018. Today, Tejas has completed the 2 year Master’s in Economics programme from The Delhi School of Economics. He is now working at JPMorgan Chase & Co. as Country Risk – Analyst. So presenting to you, an insightful…

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,…

Free Market Capitalism for Sustainable Development Goals

Originally written for The Arthniti Essay Writing Competition. Prompt: Altruistic Capitalism or State Financing – The Way to Finance Sustainable Development Goals.  The provision of binary options suggests that our choices are limited to the two, which is a misconception. This article attempts to address the limitations of the given options and suggest alternate solutions…

Expansionism : India, China and the Asian Century

Europe is yesterday’s hegemony, America is today’s and Asia will be the future’s. It’s a notion that eludes pride and buoyancy, but to what extent? The idea of ‘expansionism’ ran through the bloodstream of all our forefathers, but with the turn of each century, each country let go of this idea, except China, who still…

FASTag & The Future of Fare Collection

FASTag, based on Radio Frequency Identification technology to facilitate e-tolling, was made mandatory from February 16, 2021. First gaining prominence in December 2016, it is an easy tool of digitizing toll collections by means of automatic deduction of charges. However, the recent policy of making FASTag binding for vehicles has a far-reaching impact on India’s…

The Economics of Gift Cards

Have you wondered what is common among single-use appliances, cookbooks, and gift cards? Yes, they often go unutilised. They probably gather dust and take some place in your closet. Gift cards, both open-loop and closed-loop, are a convenient and suitable substitute for making payments. They act as a medium of exchange and store of value….