Economics Declassified Newsletter: March 2021 Issue

Greetings! The Department of Economics, St. Xavier’s College, Mumbai is proud to present the third edition of its official newsletter- The Economics Declassified. This newsletter is our attempt to establish a space for the young minds where they can learn, gain insights and update themselves with the critical issues in the paradigm of Economics. We…

Will the Indian Economy reach Upper-Middle Income Status by 2038?

For the Motion – Ayushi Ghosh When in conversation about our country’s economy, one is often met with clicking tongues and disappointed nods. Amidst rising fuel prices, falling GDP growth rates and the economic setbacks that came with the pandemic, the future of our economy seems bleak to the ordinary man. There may, however, be…

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 ‘HOW’ Factor : Why Experiences Trump Everything Else

“Ease of use may be invisible but its absence sure isn’t” – IBM If you have ever lost anything (who has not?), you know what follows next. The pain of losing stuff is undeniable. Unfortunately, what can add salt to the injury is the unpleasant task of filing for a claim. (I, for one, can…

An Interplanetary Keynesian Economy

*The year is 2025 & the world has woken up to another one of Elon Musk’s tweets that read as follow*- @elonmusk ‘Gazing away for better, see you on the other end.’ While most readers interpret it as a passing gimmick, a group of twitteratis’ battle over the veracity of claims. The media is caught…

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,…

Growing or Thriving?

The term ‘growth’ has always been associated with an upward movement. In literal terms, it refers to “an increase in the size or the importance of something” (Cambridge Dictionary, n.a.). In economics, growth is a subject area in itself. Primarily, economic growth is a rise in the production of goods and services in an economy…

ARTIQLATE— National Article Writing Competition

Greetings! The Econ Declassified Team (EcoCircle) from the Department of Economics, St. Xavier’s College (Autonomous), Mumbai, is pleased to invite students to participate in ARTIQLATE— National Article Writing Competition on the theme ‘Evading and Emending Economic Orthodoxy’.  It is an opportunity to digress from orthodox ideas and explore and deliberate upon novel solutions for conventional economic problems. The best-written articles will be chosen…

Dumping and its Menace: How China evades Illegality?

Imagine the emergence of a new foreign firm selling its products at a comparatively lower price than the domestic market. Such a situation is a hazard to the native markets as it imposes a threat to local business with pressing competition. This scenario is noticeable in developing and less developed countries, as the market is…

Farm Laws: A Viable Decision?

For Indian Agricultural Acts 2020 – Krisha Gandhi The controversial farm laws have been a cause of indignation and discord among many since their introduction in September. People have largely split into two opposing factions, with each citing their own reasons for standing in solidarity or disagreement with the laws. The matter has received too…