By Niralee Patel | Edited by Sanjit Ghose (Editor-in-Chief) Ukraine is among the world’s biggest exporters of meal grains, together with wheat and corn, and a first-rate contributor to the UN’s useful meal resource programs. After Russia attacked Ukraine and blockaded its ports, it sent meal fees soaring and raised fears of food protection within…
Decoding the descent of ‘land of the rising sun’ into recession
Written by Tirthangi Kulkarni | Edited by Janhavi Raut Japan has slipped into recession after experiencing consecutive two quarters of economic contraction and has lost its status as the world’s third-biggest economy to Germany. Short-term economic contraction is not considered a recession, but economic contraction i.e. decrease in output and an increase in unemployment for…
Economics Declassified Newsletter: April 2024 Issue
Greetings! The Department of Economics, St. Xavier’s College, Mumbai is proud to present the second and final edition of its official newsletter- The Economics Declassified for the academic year 2023-24. 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…
“Redefining Finance: The Rise of NBFCs in the Indian Economy”
By Aarya Multani | Edited by Ishan Binod The Companies Act of 1956 gave rise to Non-Banking Financial Companies (NBFCs), which provide a wide range of financial services in India, such as lending, leasing, insurance, and investment activities. In contrast to traditional banks, NBFCs serve marginalised communities, advancing financial inclusion and making a substantial contribution…
“Unveiling the Evolution: Tracing the Growth and Dynamics of the Fintech Industry”
By Jyotiraditya Udhan// edited by Nevelee Shekhar Frustrated by endless bank queues, complex financial jargon, and a lack of control over your own money? We’ve all been there. Fortunately, a revolutionary force is transforming the financial landscape: FinTech. This powerful combination of finance and technology is shaking up the status quo and empowering individuals to…
In Conversation with Mr. Sanjay Kumar (Director General of DMEO at NITI Aayog)
Written by Arunima Mitra // Edited by Nevelee Shekhar (Editor) and Khushi Shah ( Editor In Chief) In a thought-provoking podcast dialogue with Mr. Sanjay Kumar, the conversation illuminated the intricate relationship between education, career pathways, and governance dynamics. Mr. Kumar’s narrative unveiled a captivating journey from his initial pursuit of Civil Engineering to his…
From Margins to Mainstream: Goldin’s Nobel-Prize Winning Insights on the Evolution of Female labour force participation.
Written by Shamika Nayak | Edited by Janhavi Raut In the year 2023, Claudia Goldin won the Nobel Prize for Economics for her work on women’s labour market outcomes. Goldin’s work presented a detailed historical account of female participation in the labour force and the multitude of factors that fostered the U-shaped curve for women…
Bidding Wars and Paychecks: Breaking Down the Economics of Player Acquisition across Sports
By Aarya Multani // Edited by Sreelakshmi Nair The player bidding process in professional sports is a fascinating intersection of economic principles, market dynamics, and financial strategies. At the core of the player bidding process lies the fundamental economic principle of supply and demand. The finite supply of elite athletes and the constant demand from…
Beyond Morality: Understanding the intricacies of Economic impact of Prostitution
By Nidhi Kamalapurkar// Edited by Khushi Shah The Supreme Court of India has recognised prostitution or sex work as a profession, and hence those involved have the right to dignity and equal protection under the law. A concern that emerges is the reason why prostitution persists despite several major backlash campaigns and heavy societal stigma,…
Navigating Supply Chain Resilience
By Arin Verma// Edited By Khushi Shah While what seemed to be a “for granted” tool by customers turned out to be the most complex mechanism in the pandemic when they couldn’t find their favourite stuff on the supermarket shelf. Frustrated, he asked the manager the reason for the same, and his reply was “We…
Economics Declassified 