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The Reserve Bank of India’s Journey as a Nation’s Economic Anchor
The Reserve Bank of India’s Journey as a Nation’s Economic Anchor The central bank of country is playing important role in each and every nation. It controls certain economic variables — inflation, money supply, depression, credit availbility according to the prevailing economic situation in the country. India’s central bank is Reserve Bank Of India which was established in…
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Money Markets: A Tool for Inclusive Growth? Exploring the Link Between Stabilization and Equity
Money Markets: A Tool for Inclusive Growth? Exploring the Link Between Stabilization and Equity The economic stablisation is the policy of government of any country to control certain variables such as controling inflation, promoting inclusive economic growth and development on the principle of equity. And for that efficient money market is necessary condition and hence diffrent…
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How Crony Capitalism is the Biggest Enemy of Equality and Economic Efficiency?
How Crony Capitalism is the Biggest Enemy of Equality and Economic Efficiency? The dream of every individual in the society and a level playing field, where hard work and talent are the keys to success, is a cornerstone of a healthy economy. However, this ideal is often hampered by the insidious forces of crony capitalism.…
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Rising Rates, Fragile Markets: The Next Big Blowup for the Financial System?
Rising Rates, Fragile Markets: The Next Big Blowup for the Financial System? For over a decade, historically low interest rates have fueled a seemingly endless boom in financial markets. Asset prices have soared, from stocks and bonds to real estate and cryptocurrencies. This era of easy money, however, may be nearing its end. Central banks…
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Understanding Zombie Firms: Why Companies Keep Operating Despite Losses
The business world thrives on dynamism, with new ventures constantly emerging and established players adapting to stay relevant. Yet, beneath the surface of this churn lies a curious phenomenon: the zombie firm. Unlike their terrifying namesakes, these companies aren’t flesh-eating monstrosities, but rather businesses that persist in a state of perpetual decline. These seemingly functional entities…
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Declining Returns and the Limits of Partial Equilibrium: Piero Sraffa Perspective
The economic theory of perfect competition has long been a cornerstone of analysis in partial equilibrium frameworks. This approach isolates a single market or good, assuming perfect information, price-taking behavior by firms, and constant returns to scale. However, within this framework, a fundamental tension arises when considering the concept of declining returns. This article explores…
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Celebrating HERstory : Women’s Day 2024 “Women’s Remarkable Achievements and important work of Savitribai Phule, Maulana Azad and Dr Babasaheb Ambedkar”
Every year on 8th March we celebrate International Women’s Day for the achievements of women in different sectors. Moreover we all spread awareness regarding women empowerment and gender equality as well. However there are certain personalities in every country or more particularly in world and their work is important for Women’s Empowerment and well being…
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The Dynamic Firm in a Static World: How Nicholas Kaldor’s Pathbreaking Work Explains the Rise of Monopolies and Oligopolies?
The Dynamic Firm in a Static World: How Nicholas Kaldor’s Pathbreaking Work Explains the Rise of Monopolies and Oligopolies? The analysis of market structure is important because it gives us true picture of how price and output is determined. Basically there are two types of market forms — Perfect Competition and Imperfect Competition. Where Perfect Competition is…
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Is Hyperglobalization the New Enemy of Equal Economic Progress?
Is Hyperglobalization the New Enemy of Equal Economic Progress? The past few decades have witnessed an unprecedented level of interconnectedness between nations, driven by advancements in technology, communication, and trade. This phenomenon, often termed hyperglobalization, has brought undeniable benefits, facilitating the exchange of goods, ideas, and cultures on a global scale. However, concerns have emerged…
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India’s Multi Billion Dollar Industry: Ayurveda — Wellness or a Challenge for Public Healthcare System in India?
In the heart of Indian tradition lies Ayurveda, the “science of life.” This ancient medical system, with roots stretching back thousands of years, emphasizes a holistic approach to well-being. Ayurveda focuses on maintaining balance between mind, body, and spirit through personalized diet, herbal remedies, and lifestyle practices. Let’s understand this time-tested system and explore its…
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Pratik Ghansham Salvi Assistant Professor of Economics | Banking & Finance | IMF Finance & Development Contributor 