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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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Will China’s Property Sector Crises push the World Economy in Deflation?
From last 2–3 decades China’s economic growth has been tremendous and thier position in the international trade is rising. China exported essential commodities such as rice, wheat, pulses to manufactured goods and raw materials to almost all the countries of the world. And due to this vast expansion China is in a position of trade…
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India’s Income and Wealth Gap : A Comparative Analysis of using the Berguson and Samuelson Social Welfare Function
India from last several years achieving rapid economic growth and remarkable progress in certain economic variables such as infrastructure, education, health, foreign Trade, etc. If we look at the Asia continent then after China, India is in the position of global economic superpower due to its vast influence in trade, industry, IT and Space sector…
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“Disguised Unemployment in Developing Economies: A Consequence of Fixed Proportion Production Function and a Asset for Developed Economies”
The Role of Fixed Proportion Production Function in Developing Economies and Cheap Labour: An Unexpected Asset for Developed Economies The distinction between developed and developing economies empirically suggests that while developed countries are mostly capital abundant (Physical and Human Capital) and labor scarce and on the other hand, developing and underdeveloped countries are labor abundant…
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Pratik Ghansham Salvi Assistant Professor of Economics | Banking & Finance | IMF Finance & Development Contributor 