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Saatwik Panigrahi

Indian Agriculture

The pandemic has very adversely affected the manufacturing and service sector activity of the country. Amidst this recessionary trend experienced by the economy, the Indian agrarian sector remains unaffected and is a silver lining during these adverse economic conditions. India is sitting on a massive reserve of food grains, with a record-high production of 295 million tons in 2019–20, and a prediction of a favourable monsoon this year. The initiative of the finance minister for major structural reforms in agricultural marketing, contract farming and amending EMA are definite steps to bring agricultural sector into the entire panoply of economic liberalisation…


India is the second most populous country, however, treating population as a liability or an asset is a foremost predictor of growth. A nation’s HDI ranking closely aligns with their per capita income, stressing the importance of education for economic growth. In the book “The Rise and Fall of Nations”, Ruchir Sharma argues that economic growth of country is proportional to the productivity of its population, hence stressing on the vitality of education for a country’s economic growth.

NEP 2020 rests on the pillars of inclusivity, public-private partnerships, nutrition, clustering, flexibility, teacher education, and monitoring and reviewing.

A multiplicity of factors like poverty, castes, customs, gender etc. are hindrance to enrolment rates and have exacerbated dropout rates. Bridging gender…


South Korea

Corporate culture is can be defined as the way workers behave in a business organisation. They are considered the rules or normal of an organisation and are largely based on beliefs, values and attitudes of management. It represents the character or personality of an organisation. Culture refers to the subjective views of society, which are largely shaped by beliefs, attitudes, and historical processes of people in various parts of the world. Culture plays a very prominent role in ingraining ideologies in the company’s work culture. South Korea is an East Asian country with an intriguing culture, markedly different from the…


“It is the health that is the real wealth and not the gold and silver pieces” — Mahatma Gandhi

The world is witnessing two contrasting scenarios, with the fertility rate declining below critical levels in most industrialised and developing nations of the world, accompanied with an upsurge in the population levels of poor countries. The shrinkage of workforce growth has also not bereft India and China of this trend. However, the statistics is not applicable in the poorer Sub-Saharan countries, with estimates predicting a quadrupling of their population. Economic growth is a function of labor productivity and labor force population. In the book ‘The Rise and Fall of Nations’, Ruchir Sharma has proven that population growth is a prerequisite…


Driven by the advice given by Keynesian economist Walter Heller, president John F Kennedy proposed a tax cut in his address to the nation on 13th August 1962. Kennedy’s tax cut brewed amidst a sluggish recovery from the 1960–61 recession of the US economy, and the adjacent political forces that compelled JFK to initiate the decision after a marginal victory in the elections, and a strained relationship with the business community amidst growing spats with American steel producers. With the promise of “Let’s make America moving again”, John F Kennedy or JFK won the 1960 presidential election, and then In…


A bank is a financial institution that accepts deposits and recurring accounts from the people and creates a demand deposit. Activities undertaken by banks include personal banking, corporate banking, investment banking, private banking, transaction banking, insurance, consumer finance, foreign exchange trading, commodity trading, trading in equities, futures and options trading and money market trading.

Narasimhan Committee II — 1998

The Banking Reforms Committee was set up to review the progress of the Indian banking system and propose reforms for strengthening bank legislations, ensuring capital adequacy, looking into bank mergers, and other aspects of financial system.

Narrow banking — Indian banks suffered from NPAs as high…


A foray into the unknown and undiscovered — Saatwik Panigrahi

Indo-China dynamics of international trade

Economy in a historical context

The last fifty years on the twentieth century experienced a turn of events, which helped the conutnry to tranition from a communist economy to a The Chinese leaders adopted a ‘gradualist’ or ‘incremental’ approach. They believed that sequenced economic reforms, compatible with the ideologies of the communist party and political system of the country would lead to rewarding economics by preventing fierce public debates under the communist dictatorship. …


Labour market is a platform that acts as an intermediary between the employers and workers, where workers strive to earn the best-possible job and employers employ the worker with all the necessary qualifications.

The ‘napkin theory’ of the simplified demand and supply curve, according to which the immigration of labour would lead to a rightward shift in the supply of labour in the market, and would result in lower equilibrium wages, fails to come into play. There is a fundamental difference between the goods sold in the producer and consumer markets, and the workers of the labour market. The inability…


The fall of the Berlin wall in 1989 was accompanied with a series of unprecedented events that set into motion paradigm shifts in the world economic order. This phase marked the transition of the Russia ( former Soviet Union ) from a communism to a free market approach.

The idea of a centralized or command economy (Marxism) has been a subject of rampant criticism stemming from the inherent weaknesses and potential threats associated with this system like lack of incentives for profit and innovation, corruption, non-price rationing, uncertainty, famines, inefficiency in resource allocation etc. . The transition of a country…


The threat of market failures looming in the world necessitates reforms in approach towards ensuring an optimum allocation of resources. Greenhouse gases produced as a result of consumption of fossil fuels create huge negative externalities of production and consumption.

The United Kingdom has indulged in extensive carbon offshoring wherein, the country has drastically multiplied its carbon imports by several folds, and at the same time reduced its coal powered power generation. These externalities create external costs and benefits to the society, where the marginal private benefit is higher than the social benefit and the marginal private cost is lower than…

Saatwik Panigrahi

Student at Kiit International School. Passionate about research in business, political science, current affairs and economics.

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