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How India’s Fintech Revolution is Transforming the Economy?
Introduction: From Cash to Cosmos — How India’s Fintech Revolution is Reshaping the Economy India, a land of vibrant hues and bustling bazaars, is witnessing a silent revolution — a revolution not waged with swords or slogans, but with smartphones and algorithms. This is the rise of India’s fintech, a wave of innovation that is redefining how the nation interacts…
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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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Multidimensional Poverty: Measuring it, Understanding it, Addressing it
The concept of poverty is diffrent among the various countries. Specifically, low income countries has more poverty than high income countries and similarly underdeveloped as weel as developing countries has high level of poverty as compared to the more developed nations. However, the important questions is that what constitute the poverty? Is poverty linked to…
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The Shifting Tides of Progress: Navigating the Currents of Static and Dynamic Economic Forces to Economic Growth and Development
Economic growth, like a vessel traversing a dynamic sea, is propelled by a complex interplay of forces. Some, akin to steadfast currents, provide stability and structure — established institutions, regulations, and infrastructure. Others, like capricious winds, bring change and disruption — technological advancements, shifting demographics, and global uncertainties. This article embarks on a precise exploration…
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Pratik Ghansham Salvi Assistant Professor of Economics | Banking & Finance | IMF Finance & Development Contributor 