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“The Goods and Services Tax (GST) and Its Implications for Real Income and Economic Growth in India”
The Goods and Services Tax (GST), hailed as one of the most significant tax reforms in India, has had a profound impact on the nation’s economy. 1 Implemented in 2017, GST aimed to streamline the indirect tax system, reduce the cascading effect of taxes, and boost economic growth. 2 While the long-term benefits of GST…
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The Impact of Exchange Rate Volatility on International Trade Flows : Appreciation and Depreciation of Currency
The Impact of Exchange Rate Volatility on International Trade Flows : Appreciation and Depreciation of Currency In the interconnected global economy, international trade plays a crucial role in driving economic growth and development. 1 However, this intricate web of global commerce is susceptible to a multitude of factors, with exchange rate volatility emerging as a significant determinant…
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The Meaning and Relevance of Equilibrium Analysis in Modern Economics : Partial Equilibrium and General Equilibrium Analysis
The Meaning and Relevance of Equilibrium Analysis in Modern Economics : Partial Equilibrium and General Equilibrium Analysis In economic analysis equilibrium, a cornerstone of economic theory, signifies a state of balance or rest where opposing forces are in perfect counterbalance. In the dynamic realm of economics, where countless variables interact, understanding equilibrium is crucial for comprehending…
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Savitribai Phule’s role in Women’s Eduaction and and Empowerment of Women and Gender Equality in India
Today is the birth anniversary of Savitribai Phule who was the reformer, teacher (First Female) in India. Her work in women’s education is notable because in the 19th century women in India does not have the basic right of education due to orthodox society custom and norms. The varna system existed in India, at that…
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Why People Desire Bali’s Kingdom: King Bali’s Ultimate Sacrifice and the Essence of Generosity
In the rich tapestry of Hindu mythology, the tale of King Bali and the divine dwarf Vamana stands as a timeless allegory, exploring the profound themes of sacrifice, generosity, and the nature of power. Bali, a revered and righteous king, ruled over a prosperous and idyllic kingdom. Yet, it was not merely the material wealth…
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The Economic Cost of cash incentives in Maharashtra’s Election : Analysis of Maharashtra’s Fiscal Burden,Asymmetric Information to Voters, Corruption, and Partisan Media Representation
The Economic Cost of cash incentives in Maharashtra’s Election : Analysis of Maharashtra’s Fiscal Burden,Asymmetric Information to Voters, Corruption, and Partisan Media Representation India is one of the biggest democratic country in the world. Recently the richest state in India- Maharashtra has witnessed assembly elections where cash incentives emerged as the controversial, yet, pervasive mechanism of…
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The role of Monetary Policy Frameworks and Sustainable Governance in shaping the Organizational Framework in 2050
– Pratik Ghansham Salvi Introduction – The global economic landscape is undergoing profound transformation which is driven by often interconnected challenges that are driven by monetary policy and organizational governance. As the contemporary global economic landscape is characterized by the intersections of economic policies, technological innovation, and sustainable governance are the critical factors for organizational…
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Why Voters Must Focus on Structural Economic Issues to Shape Policies and Inclusive Economic Growth and Development?
The 2024 year is rightly described as the “Election Year” because all over the world elections taking place for example, India, USA, etc. In these elections we experienced rising levels of oligarch involvement in the democratic processes which certainly negative consequences to economic policy making. More importantly, the ruling party government provide unnecessary freebies to…
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Understanding of Corruption Grip : The Vicious Cycle of Corruption, Poverty, and Unemployment in Developing Nations
Developing countries faces many economic issues — Poverty, unemployment, slow growth, rising levels of debt and deficit, etc. which negatively affects its economic development. One of the primary cause for this economic issues lies in the widespread corruption at all levels of government as well as private sector in the economy. Importantly, almost all governments try to…
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The Impact of Capital Flight on FDI and Economic Growth and Development in Developing Economies
From globalisation all economies are integrated to one another in extensive ways. Whether we talked about developing economies or developed due to integration of world economic system. Therefore, when one country experiences economic boom other countries also benefiting from this economic boom and exa ding their trade and economic growth. On the other hand if…
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Pratik Ghansham Salvi Assistant Professor of Economics | Banking & Finance | IMF Finance & Development Contributor 