# The Economics Society SRCC

> The Economics Society, SRCC is a student-run initiative intertwined with the core principle of academic research enshrined within the institution.


## Posts

- [India’s Road Safety Deficit: Counting the Cost of Poor Licensing](https://ecosocsrcc.com/indias-road-safety-deficit-counting-the-cost-of-poor-licensing/): Introduction India currently has one of the highest rates of road accidents in the world, with around 1.8 lakh casualties in the year 2024. Out of these, 30,000 people passed away while riding two-wheelers, without wearing a helmet. This was mentioned as part of Mr Nitin Gadkari, Union Minister of Road Transport’s speech during the Parliament Winter Session 2024. He also stated that Delhi was the most affected city with over 1457 deaths, followed by Bengaluru and Jaipur with 915 and 850 deaths, respectively. Such high numerical figures raise grave concerns regarding road safety in the country. Poor infrastructure, reckless […]
- [Lurking Menace of World War III? - A Dent in the Armour of Collective Security that the World so Fashionably Flaunts!](https://ecosocsrcc.com/lurking-menace-of-world-war-iii-a-dent-in-the-armour-of-collective-security-that-the-world-so-fashionably-flaunts/): This article aims to investigate the following questions: Are contemporary global strains and geopolitical quandaries pushing the world towards a third military conflict –  something more catastrophic and harrowing than World War II? Is the world audacious enough to face the horrific repercussions of another international military crisis?  The world has already borne the brunt of two gripping and calamitous world wars. The harrowing experiences of these still bring tears to the eyes of its victims and send chills down their spines as they nostalgically recall those traumatic and agonising years of the past. Another world war would mean rubbing salt […]
- [Pol' and Pol' - Study on Geopolitics and Policies](https://ecosocsrcc.com/pol-and-pol-study-on-geopolitics-and-policies/): “Few modern ideologies are as whimsically all-encompassing, as romantically obscure, as intellectually sloppy, and as likely to start a third world war as the theory of ‘geopolitics.’” Introduction Have you ever wondered what would yield as the product of a love child between two disciplines, geography and politics? Ding ding! We introduce you to geopolitics! Well not exactly. Geopolitics is different from geography and politics but does involve the two. Just as we must maintain relationships with acquaintances and colleagues, countries too must foster healthy relations with each other for collaborative growth. Who knows…, some may even be best friends. […]
- [Impact of Social Media on Political Polarisation](https://ecosocsrcc.com/impact-of-social-media-on-political-polarisation/): The growing penetration of the internet in India, through cheap data plans and affordable smartphones, has added wings to social media interaction for political expression. This digital space has completely changed the relationship of voters with political parties and amongst themselves during different phases of the electoral process. While this rise of online influence creates great opportunities for democratic participation, it equally presents challenges that will have to be surmounted with much care. The discussions held between different political factions may result in varying levels of polarization, importantly determined by the topics of debate. Each of these topics can elicit […]
- [Your Words Are Not Your Own: Slang In The Study Of Social Interactions](https://ecosocsrcc.com/your-words-are-not-your-own-slang-in-the-study-of-social-interactions/): ‘Rizz’ was named the Oxford English Dictionary’s word of the year in 2023, definitely turning heads and piquing the interest of many.  As per Oxford, this slang term was chosen “to reflect the ethos, mood or preoccupations” of the year, while also being a potential term of “lasting cultural significance.”¹ Our shock can be attested to the fact that we do not consider this vocabulary as part of traditional language, but seamlessly slip it into informal conversations. Surveys point out how half of us have used such terms without knowing what they truly mean.²  Putting it simply, yet quite intensely, […]
- [The Fallacies of Homo Economicus: Unmasking the Infamous ‘Economic Man’](https://ecosocsrcc.com/the-fallacies-of-homo-economicus-unmasking-the-infamous-economic-man/): In the realm of modern economics, there lives on a legendary hero. The Homo economicus, an alarmingly rational being, driven solely by his relentless quest for maximisation, unimpeded by personal ties. This famed ‘rational economic man’, is a cherished construct for economists everywhere. Still, he remains a disembodied caricature, one devoid of any shred of humanity.   The birth of the Homo economicus – the ‘economic man – can be traced back to John Stuart Mill in the mid-19th century. Mill did not deny that man possessed certain emotions and motivations, beyond one’s’ desire to pursue material wealth. Instead, he suggested […]
- [Level k Theory, Bounded Rationality and Overvaluation](https://ecosocsrcc.com/level-k-theory-bounded-rationality-and-overvaluation/): “Unlike engineers (or at least those on The Big Bang Theory), we cannot rely on some physicist to tell us exactly what it would take for a rocket to escape the earth’s gravitational pull. Economists are more like plumbers; we solve problems with a combination of intuition grounded in science, some guesswork aided by experience, and a bunch of pure trial and error.” -Abhijit Banerjee [1] Optimising versus Satisficing How dependent are economists on the assumptions they make? In the words of Adam Smith, a rational man – ‘homo economicus’ will always act in a way that maximizes utility as […]
- [Currently Munching: Food Tourism and its Potential Economic Implications](https://ecosocsrcc.com/currently-munching-food-tourism-and-its-potential-economic-implications/): Today, whilst travelling, visiting fast food franchises instead of local cafés feels almost sacrilegious. Why?   The answer lies in the camera roll. Instagram’s ‘Camera eats first’ phenomena has revolutionised travel ideologies. It has elevated niche travel industries like ‘food tourism’ into mainstream markets and although such tourism is not novel – the scale of its socio-economic impact is. What is Food Tourism? The World Food Travel Association defines food tourism as “the act of travelling for a taste of a place in order to get a sense of the place.” It encompasses travel experiences like cooking classes, street food, visits […]
- [Productive Procrastination](https://ecosocsrcc.com/green-bonds-the-new-frontier-in-sustainable-finance-copy/): “This is the only video you need to watch to beat procrastination!” “Here’s why you’re procrastinating and how to stop”“How procrastination destroyed my life”“5 quick tips to help you stop procrastinating” We’ve all come across such titles and thumbnails on Youtube, Instagram and Google when we were in the trenches of our academic or professional lives and needed that one piece of life-changing advice that would perform a miracle and help us instantly stop procrastinating. And after finding that one ‘Guru’ or reading that one mind-blowing piece of literature, you remember feeling good about yourself. Even empowered. Little do you know, […]
- [Green Bonds: The New Frontier in Sustainable Finance](https://ecosocsrcc.com/green-bonds-the-new-frontier-in-sustainable-finance/): Introduction Today, India is faced with a catch 22 situation of an ambition of becoming a USD 5 trillion economy by and achieving its SDG goals by 2070. While both these goals may seem contradictory; with huge energy requirements for one and conversion to sustainable energy for the other, the unified answer to both may lie in “green bonds”. Green bonds are a type of fixed-income investment used to fund projects with a positive environmental impact.In 2007, a group of Swedish funds took part in investment opportunities that would benefit the environment. By November 2008, the World Bank issued the […]
- [Gendered Marketing](https://ecosocsrcc.com/gendered-marketing/): Introduction Role Stereotyping is a term that signifies expectations of specific roles and behaviors of individuals based on their gender by society. In marketing, this culminates in the distinguished portrayal of men and women into defined, rigid roles such as women being the primary nurturers and caregivers, while men are the breadwinners. By repeatedly reinforcing such narratives, the idea of femininity and masculinity is formed by depicting men and women in traditional roles. This has an impact not only on an individual level but also on a societal level. According to Sara Picklesimer’s thesis, “Gender Role Stereotypes in Advertising”; Gender […]
- [BROOKLYN NINE-NINE, COPAGANDA AND THE EFFECT OF MEDIA ON POLITICS](https://ecosocsrcc.com/brooklyn-nine-nine-copaganda-and-the-effect-of-media-on-politics/): “You know what the toughest part about being a gay, black police officer is? … The discrimination” – Captain Raymond Holt, S1 E17 (Full Boyle)  Introduction Brooklyn Nine-Nine has been hailed as one of the most impactful comedy shows of all time. It has contributed heavily to popular and meme culture and has sparked several conversations about racism, homophobia (and overall anti LGBTQIA+ sentiment), police culture in the media (or copaganda) and several other topics, which will be discussed in the article. It has, however, faced criticism for being ‘too political’, especially in the later seasons. Despite its political discourse, […]
- [Why does India have a POOR CREDIT RATING despite being the fastest-growing ECONOMY?](https://ecosocsrcc.com/why-does-india-have-a-poor-credit-rating-despite-being-the-fastest-growing-economy/): Picture a rainy day; the sky draped in melancholic gray, barely a person in sight, hushed raindrops gently sliding down your window. What would you want in your hands? Yes, a cup of delicious hot coffee! Today, coffee is not simply a morning beverage. It is a symbol of warmth, hospitality and tradition for many. The bustling streets of cities, where coffee artisans craft intricate patterns atop steaming cups of joe, share something in common with the intimate gatherings in private homes where the rich scent of brewing coffee signals the start of worthwhile conversations. Whether fueling festivities or fueling […]
- [From Bean to Brew: The Global Journey of Coffee](https://ecosocsrcc.com/from-bean-to-brew-the-global-journey-of-coffee/): Picture a rainy day; the sky draped in melancholic gray, barely a person in sight, hushed raindrops gently sliding down your window. What would you want in your hands? Yes, a cup of delicious hot coffee! Today, coffee is not simply a morning beverage. It is a symbol of warmth, hospitality and tradition for many. The bustling streets of cities, where coffee artisans craft intricate patterns atop steaming cups of joe, share something in common with the intimate gatherings in private homes where the rich scent of brewing coffee signals the start of worthwhile conversations. Whether fueling festivities or fueling […]
- [The Asian Economic Power Shift: How China surpassed Japan and became the second-largest global economy](https://ecosocsrcc.com/the-asian-economic-power-shift-how-china-surpassed-japan-and-became-the-second-largest-global-economy/): Our generation is quite used to associating Asian economic power with China whereas if you ask anyone what comes to your mind when you hear Japan? Almost everyone will instantly say “Anime”, that’s how we know Japan. But, that’s not how our parents perceived Japan when they were our age. Japan was the leading global economic power second only to the U.S.A. from the late 1960s till 2010 whereas China’s economy was an infant when compared to Japan. So what exactly happened? JAPAN: BACKGROUND It all began with Plaza Accord, so what was Plaza Accord? Plaza Accord was an agreement […]
- [Freedom of Speech and Censorship:  A Never-ending Conundrum](https://ecosocsrcc.com/freedom-of-speech-and-censorship-a-never-ending-conundrum/): The debate on the concept and extent of freedom of speech has been raging since its earliest practice in Vedic Bharat and ancient Greece to the modern-day model democracies like the USA and India. The Athenian philosopher Demosthenes was one of the earliest known proponents of “parrhesia” (uninhibited speech) or freedom of speech. He famously said, “It is necessary to speak with parrhesia, without holding anything back, without concealing anything”. Despite “parrhesia” being a fundamental aspect of Athenian society, Socrates, another Athenian philosopher, was prosecuted for his ideas, exhibiting the longstanding contention over full freedom of speech and its restriction. […]
- [Analyzing the Effects of Short-Term Rental Services like Airbnb on the Housing Crisis of Major Cities around the World](https://ecosocsrcc.com/analyzing-the-effects-of-short-term-rental-services-like-airbnb-on-the-housing-crisis-of-major-cities-around-the-world/): Imagine waking up one day to discover that your small neighborhood, home to familiar faces and friends, has transformed into a hub of transient tourists accompanied by skyrocketing living costs.  The drastic effects of home-sharing services, such as this hypothetical, aren’t visible immediately but have been found to occur in cities worldwide. Home-sharing isn’t something new, it’s been done by real estate agents and other middlemen for decades. The existence of these hoops to jump through and the general unpopularity of this concept didn’t make this a common choice for renters. Airbnb revolutionized this field. Airbnb (Airbed and Breakfast) started […]
- [Is India Growing Its Economy at the Cost of Its Mental Health?](https://ecosocsrcc.com/is-india-growing-its-economy-at-the-cost-of-its-mental-health/): Objective The objective of this article is to analyse the existing relationship between India’s economy and the mental health of its citizens. The central theme of this article is to throw light on the declining mental health of the young population and how India’s – though growing, but still cracked – economic state catalyses the same with special focus on the Interim Union Budget FY 2024-25.  Introduction “Economics is the Science of human choices”, said Sir Lionel Robbins. Yet today, in a world where money is time, respect and the answer to almost all the questions, where capitalism is influencing […]
- [IDEAS: A BULB TO ETERNITY ](https://ecosocsrcc.com/ideas-a-bulb-to-eternity/): “Ideas are like keystones, supporting the arch of progress. They spark the light that paths to innovation, creativity, and transformation.” Ever wondered what led the invention of the wheel to the development of artificial intelligence, every remarkable achievement? scientific breakthroughs to technological advancements, creative solutions to societal challenges, what are they? What is that one accessory of our world that has led to rapid advancement, immeasurable progress and reshaping of societies? Yes, it is what exercises our brain every day, it is what is nourishing up the human lifeblood, ‘ideas’. HUMANS ONLY HAVE ONE ENDING, IDEAS LIVE FOREVER~RUTH. Ideas are […]
- [Is the world changing or is there something wrong with it?](https://ecosocsrcc.com/is-the-world-changing-or-is-there-something-wrong-with-it/): “So the question “Is the World changing or is there something wrong with it”, arises just because of our lack of understanding of what’s happening or human inhibition to change or is something wrong with it?” Gnosis, if simply translated from Greek to, English means knowledge, but when we look at its proper, usage what comes to light is what it means to have a proper understanding of a topic derived from knowledge about it. But how does this relate to the question: is the world changing or is there something wrong with it? Well in today’s world, there is […]
- [Correlation Between Economic Diversification by GCC countries and Increasing Investments in Alternative Renewable Energy Solutions and its Impact.](https://ecosocsrcc.com/correlation-between-economic-diversification-by-gcc-countries-and-increasing-investments-in-alternative-renewable-energy-solutions-and-its-impact/): “Since investment in renewable energy has become a more lucrative option for the countries around the world, the position of supremacy that GCC countries were enjoying earlier is at risk.” The Gulf Cooperation Council (GCC) consists of six Arab countries Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. There is a lot in common among these 6 countries and as we delve deeper into the specific correlation of this article, we must understand the economic and demographic trends in these countries for a better overview and future analysis.  THE ECONOMIC AND DEMOGRAPHIC LANDSCAPE OF GCC COUNTRIES Starting […]
- [ TAXING TOURISTS: CHARGING THE NEGATIVE EXTERNALITIES OF TOURISM ](https://ecosocsrcc.com/taxing-tourism/): “In this highly globalized world, with rising incomes and low travelling costs, tourism has become very accessible, when coupled with the social media-fuelled culture of “YOLOing”. Many often forget they may not be at home but are in someone else’s.” INTRODUCTION Let’s say you have finally saved up enough for that vacation abroad you have been eagerly waiting for, you have thoroughly budgeted and made do with the eye-watering sum you will be spending this summer. But did you account for the taxes you will end up paying? Many hot tourist destinations have started imposing special fees on tourists, which […]
- [A Sip into Tomorrow: A comprehensive analysis of the past and future of the Indian Alcohol industry](https://ecosocsrcc.com/analysing-the-past-and-future-of-the-indian-alcohol-industry/): “Although the industry has a very positive economic impact, it is considered a social evil Alcohol consumption in India has existed for many centuries but the pattern and amount of consumption has changed over time. The earliest examples of alcohol consumption include mentions of soma and sura (beverages believed to contain ethanol) in Vedic literature. In the past, alcohol consumption habits differed across different religions but in general, abstinence was considered a virtue among the general public. Hence, routine consumption of alcohol was uncommon. There was a slight change in the pattern after British rule because Indians were influenced by […]
- [Untying the Knot: Navigating the economics of divorce ](https://ecosocsrcc.com/untying-the-knot-navigating-the-economics-of-divorce/): “The economic aftermath of divorce is a nuanced terrain shaped by gender dynamics, legal frameworks, and societal expectations.” Divorce, a life-altering event, not only marks the end of a marital relationship but also triggers a profound economic impact that resonates differently between husbands and wives. In the intricate tapestry of separation, financial threads weave a complex narrative, unveiling disparities rooted in gender dynamics. It is critical to delve into this nuanced landscape, recognizing the distinct ways divorce shapes the economic trajectories of both parties. By understanding these divergent paths, we gain insight into the challenges each gender faces in the […]
- [The Hidden Strings of Democracy: Unraveling the Electoral Bond Mystery](https://ecosocsrcc.com/the-hidden-strings-of-democracy-unraveling-the-electoral-bond-mystery/): “In a world, where privacy is a growing concern, the electoral bond system ensures the right to privacy for the donors.” Chief Justice Mohammed Ali Currim Chagla once opined “Any attempt on the part of anyone to finance a political party is likely to contaminate the wellsprings of democracy. Democracy would be vitiated if results were to be arrived at not on their merits, but because money played a part in making those decisions. The form and trappings of democracy may continue, but the spirit underlying democratic institutions will disappear. History of democracy has proved that in other countries, democracy […]
- [The Ambitious India-Middle East-Europe Economic Corridor (IMEC)](https://ecosocsrcc.com/the-ambitious-india-middle-east-europe-economic-corridor-imec/): “IMEC will supplement road and maritime transport routes that already exist, aiming to increase connectivity and economic integration between Asia and Europe via energy infrastructure, railways, high-speed cables, and shipping lanes. The countries participating in IMEC constitute 40 percent of the world’s population and roughly 50 percent of the global economy.” On September 8, at the G-20 summit in New Delhi, Indian Prime Minister Narendra Modi unveiled the India-Middle East-Europe Economic Corridor (IMEC), a multi-billion connectivity scheme linking India, the Middle East, and Europe. India’s co-signatories in this endeavour are the United Arab Emirates (UAE), Saudi Arabia, the United States, […]
- [How Valuable is your Life](https://ecosocsrcc.com/how-valuable-is-your-life/): “A more daunting thought is that it may have been possible for the employer to improve the safety conditions of his factory to prevent such deaths but bizarrely the cost of preventing these deaths exceeded the compensation he is liable to pay when a death occurs.” A factory worker, aged 26, dies in an accident in the course of his work- a case of occupational fatality. The employer, under The Employees Occupational Act, 1923, is liable to compensate the family of the deceased employee or whoever is the claimant. As per the act, a compensation of 50% of the monthly […]
- [The Financial Impact of Memes: A Look at How Internet Trends Affect Brand Marketing and Sales](https://ecosocsrcc.com/the-financial-impact-of-memes-a-look-at-how-internet-trends-affect-brand-marketing-and-sales/): ” While they undeniably serve as a source of amusement and a unique means of communication, the profound impact of memes extends far beyond mere online banter.” OR “The journey of memes from being a source of entertainment to a strategic component in brand strategies is a fascinating evolution that reflects the adaptability of marketing approaches in the digital age.” Introduction In the ever-expanding realm of the internet, memes have emerged as more than just fleeting moments of online entertainment. With their roots embedded in humor, these easily shareable and often comical pieces of content have transcended their initial purpose, […]
- [Beyond Reality: The Metaverse Beckons](https://ecosocsrcc.com/beyond-reality-the-metaverse-beckons/): “As we step into this digital frontier, it is important to remember that the metaverse is not a replacement for the physical world, but rather a powerful tool to enhance it, to create a future where technology empowers us to live more sustainably, connect more meaningfully, and explore the far reaches of human imagination.” Picture yourself entering a realm filled with a whirlwind of diverse experiences: starting the day with a private tour of the Louvre, followed by shopping with Paris Hilton, attending a work meeting, relaxing on the rooftop of Snoop Dogg’s California mansion and ending the night with […]
- [DOUGHNUT ECONOMICS: A MODEL TO EFFICIENCY?](https://ecosocsrcc.com/doughnut-economics-a-model-to-efficiency/): “Doughnut economics is a new stream of economics emerging to ensure the sustainability and green growth of the economy by setting up layers like ecological ceilings and social foundations.” Introduction Doughnut economics was a model first introduced by Kate Roworth in 2012. This model outlines the existence of different types of economies with different needs and requirements restricting it to be supported with social foundation and ecological preview. Considering the growing income and resource needs, people are pressuring Mother Earth for more resources, thus, making it unsustainable. Moreover, the importance and effect of the doughnut economy can be understood with […]
- [EMI : A Necessary Evil](https://ecosocsrcc.com/emi-a-necessary-evil/): ” While on one hand EMIs have led to an increase in e-commerce and given the common man the power to afford, on the other hand, it has curtailed financial freedom and posed a debt burden.” While the world is acquainted with the concept of Equated Monthly Instalment and all of us are lured by the benefits of it, we are aloof to the reality which lies in front of us.  All companies across the globe have witnessed an increase in consumerism. E-Commerce platforms have reaped the benefits of the EMI scheme. Companies like Amazon, Flipkart, and Myntra have witnessed […]
- [Central Bank Digital Currency - A Necessary Evil?](https://ecosocsrcc.com/central-bank-digital-currency-a-necessary-evil/): “The history of money is entering a new chapter. Countries are seeking to preserve key aspects of their traditional monetary and financial systems while experimenting with new digital forms of money. In recent years, CDBC has become a fancy concept, with many countries inclined towards it.” Total digital payments in India have increased by 216% and 10% in terms of volume and trade, respectively, for March 2022 as compared to March 2019. This featured in an RBI report and that took a lot of people by surprise. The emergence of UPI has made this outcome imminent and the financial inclusivity […]
- [The Red Queen Effect in the Fashion Industry](https://ecosocsrcc.com/the-red-queen-effect-in-the-fashion-industry/): “The future of fashion lies not in running faster and harder but in embracing innovation, fostering creativity, and building a more sustainable and ethical industry for all.” In the relentless rhythm of our consumption-driven world, a staggering 100 billion garments are produced each year, of which 92 million tonnes end up at grim destinations: landfills. To put things in perspective, this means that as you read this sentence, a rubbish truck full of clothes has just relinquished its burden at a landfill site, expanding the mountain of waste that symbolises our insatiable appetite for privileged choices. Consumerism and capitalism, the […]
- [Psy-Eco-Stitions](https://ecosocsrcc.com/psy-eco-stitions/): “Irrational beliefs can also impact individuals’ financial choices, investment decisions, and economic outcomes.” OR “Rationality is one of the fundamental pillars of Economics; we assume all economic players to be rational in their choices. By that logic, superstitions, inherently irrational, should have no impact on economic equilibrium analysis. But, is the story truly that simple?” What do you do when asked to leave your ‘lucky’ spot in the middle of an extremely tense India-Pakistan cricket match? Only the last few balls are left, India needs just ten runs to win; Kohli is trying his best to hit that one life-saving […]
- [Economic Spillovers and Market Failure](https://ecosocsrcc.com/economic-spillovers-and-market-failure/): “In the intricate interplay of the global economy, economic spillovers act like quiet conductors, guiding the interconnected symphony of international trade, finance, and innovation, whether bringing positive benefits or unintended consequences.“ In the intricate interplay of the global economy, there’s a subtle force that moves through countries, crossing borders to shape their fates. Economic spillovers act like quiet conductors, guiding the interconnected symphony of international trade, finance, and innovation. These spillovers, whether bringing positive benefits for all or unintended negative consequences, show the deep connections in today’s economic world. Envision a scenario characterized by a significant downturn in the stock […]
- [Leveraging Fintech for Effective Digital Marketing in the Modern Landscape](https://ecosocsrcc.com/leveraging-fintech-for-effective-digital-marketing-in-the-modern-landscape/): “The marriage of Fintech and Digital Marketing is a testament to the transformative potential of technology. By harnessing data, enhancing personalization, and addressing challenges, businesses can navigate the evolving landscape and thrive in the modern digital era“ In the еvеr-evolving landscape of business and commerce, the convergence of Fintech (financial technology) and Digital Marketing is a testament to technology’s transformative power. Fintech, driven by innovations like mobile banking, online payments, robo-advisors, and blockchain technology, has redefined how financial services are delivered and consumed. Concurrently, Digital marketing strategies have shifted decisively towards digital channels, utilising social media, influencer marketing, and personalised […]
- [ Political Correctness](https://ecosocsrcc.com/political-correctness/): The drive to create a more inclusive and respectful society has led to changes in the way we refer to individuals and groups. For instance, terms like “handicapped” have given way to “disabled,” and “African-American” has become the preferred designation over “black.” In contemporary society, the concept of political correctness has emerged as a significant and often debated aspect of our daily lives. It revolves around the use of language and actions to avoid causing offence or marginalisation, particularly regarding various identity factors such as race, gender, sexuality, religion and more. While some champion political correctness as a means of […]
- [Personal development-an often-undermined word with unknown benefits and theories.](https://ecosocsrcc.com/personal-development-an-often-undermined-word-with-unknown-benefits-and-theories/): ‘As life is like a riding bicycle, you need to keep balance to keep moving’. So it is true that “Bliss lies in Balance”. KEY CONTENTS- THE BEGINNING  What are students taught in school these days? ‘Visiting’ school every day, cramming everything one night before an exam and vomiting it out on the paper, the next morning. What is wrong with our education system? Students at school, especially teens, have a super sharp mind, which is being wasted on worthless procedures of learning or I should say mugging up things. They should be guided towards a basic understanding of personal […]
- [Geo-Economics of Rare Earth Metals](https://ecosocsrcc.com/geo-economics-of-rare-earth-metals/): Imagine a world devoid of smartphones, electric vehicles, or sophisticated military technology. This scenario is closely tied to a limited number of resources known as rare earth metals. Contrary to what their name suggests, these metals are not particularly rare but are instead found predominantly in a few regions, with China accounting for over 80% of global output. This overwhelming control has transformed rare earth metals into a significant tool for geo-economic leverage, altering global supply chains and initiating a new form of resource diplomacy. As countries rush to secure these essential materials, a fresh wave of economic power is […]
- [Arthashastra](https://ecosocsrcc.com/arthashastra/): A popular legend has it that when Kautilya and Chandragupta attacked the Nanda Kingdom they were defeated at first. Wandering around the city of Pataliputra whining about their failure they came across a woman scolding her son for being just like Chandragupta Maurya. The matter of the fact was that he burnt his fingers by starting to eat food from the center of a hot vessel which is precisely what Chandragupta Maurya did: he didn’t capture the neighboring villages and straight away positioned his entire army to attackthe capital. Hence, defeat was inevitable. Learning lessons from this tale, let’s not […]
- [One Country, Two Currencies, Many Exchange Rates](https://ecosocsrcc.com/one-country-two-currencies-many-exchange-rates/): How does it feel to be the only country in the world which prints two currencies? How does it feel to be paying a notional 240% tax on your wages? How can a cab driver earn more in a day than what a doctor earns throughout the month? Well, ask the Cubans. In April this year, Miguel Diaz-Canel, the new President of Cuba, inherited an economic mess from the Castros, who had executive control over the island nation for close to six decades. Amongst all of this was the dual currency system. Thanks to former American President John F. Kennedy, […]
- [Modern Day Kurukshetra](https://ecosocsrcc.com/modern-day-kurukshetra/): Mahabharata is Itihas. Not because it’s history, but because it keeps repeating itself –Devdutt Pattanaik. Mahabharata – An ancient Indian epic that has been passed down since centuries. It has probably been told to you by your grandma at some point in time, or you may have read the famous Amar Chitra Kathas on this great saga. Originally narrated as a poem in Sanskrit, it has been converted to numerous languages for our readings. It is primarily a story of the great war at Kurukshetra, between the Pandavas and the Kauravas. However, it is much more than that. The world […]
- [Ending Statelessness: An endeavour towards a more equitable world](https://ecosocsrcc.com/ending-statelessness-an-endeavour-towards-a-more-equitable-world/): This is the story of a woman named Leal, who has lived in Lebanon for more than 30 years but without any legal documents. This renders her stateless, without a nationality, making her doubt her identity in this brutal world. Her ambiguous status has restricted her since childhood. It denied her the right to go to school or college to attain a formal education. She was neither able to register her marriage nor the birth of her two sons. This makes her sons stateless too, as nationality is passed on from parents in Lebanon. One of her kidneys has stopped […]
- [To Privatize or Not to Privatize?](https://ecosocsrcc.com/to-privatize-or-not-to-privatize/): The state of public banks in India is deteriorating; in fact to say that they are deteriorating would be an understatement. These banks which were set up with the indispensable goal of achieving social development and amelioration of the poor section of the society have diverted from their aim. The status quo tells us that these banks are stuck in the cobweb of crony capitalism, worsening asset quality, generating NPAs (Non-Performing Assets), stressing balance sheets -snowballing into a big problem, the effect of which could be catastrophic to the banking sector, to say the least. The most pertinent problem of […]
- [The Economics of Disney World: The Formation of an Empire](https://ecosocsrcc.com/the-economics-of-disney-world-the-formation-of-an-empire/): “You can go anywhere on the planet and you will see a kid wearing a Madagascar T-shirt. You can say May the Force be with you, they know what you’re talking about. […] Entertainment is one of the brightest spots of our economy and we have to harness its power.” These words of Barack Obama bear truth in all the past, present and future times of the world. Entertainment is a big business, no doubt, but it is one that relies heavily on the discretionary spending of consumers to thrive. It might be the fifth largest sector based on employment […]
- [Apple: An Insight into Profit Proliferation](https://ecosocsrcc.com/apple-an-insight-into-profit-proliferation/): It goes without saying that profits are the key determinant and the very foundation of success of any business endeavour. As such, product pricing becomes a complicated decision. Pricing products for low profit margins drive demand upward and increase profits due to volume of sale. At the same time, pricing products with wide profit margins causes the demand for them to fall but lead to accretion of profits due to high profit per unit sold. Thus, a company can have either wide profit margins or high sales volume to maximise profits. But what do we call a company who manages […]
- [Dan Ariely’s Predictably Irrational](https://ecosocsrcc.com/dan-arielys-predictably-irrational/): In 2002, Daniel Kahneman was awarded the Nobel Prize in Economics for integrating “insights from psychology into economics, thereby laying the foundation for a new field of research.” Kahneman along with his colleague Amos Tversky drew insights from cognitive psychology to illustrate that more often than not intrinsic human instincts tends to deviate from established economic theories. By integrating two major fields of social sciences, both men inspired a generation to pursue this new branch of Economics, called ‘Behavioral Economics’. Dan Ariely, in the true spirit of his fellow Israelis- Kahneman and Tversky- gives a brief and thought-provoking introduction to […]
- [Reimagining Hindustan](https://ecosocsrcc.com/reimagining-hindustan/): What if way back in 1600, John Watts and George White decided to become pianists rather than start the East India Company? What if India was never colonized by the British? The India we see today, is a reflection of the infusion of myriad rulers in its past. The most prominent influence is of the 200 years of British rule. This is an attempt to walk down memory lane and reimagine our India without the Angrezi past. While this article will focus on the political conditions in a colonization-free India, the next two in this three-part article series will focus […]
- [A New Interest Rate Policy](https://ecosocsrcc.com/a-new-interest-rate-policy/): Macroeconomists and financial economists got a bad name in the aftermath of the Global Financial Crisis (GFC) and the Great Recession in and around the years 2007-08. The criticism inspired and motivated research that has resulted in several changes in policy formulation on the part of public authorities. It is interesting, however, that despite such changes in policy, the basic paradigm for policy for macroeconomic and financial stability has stayed more or less unchanged. So, we will continue to be vulnerable. But what is the alternative? Do we have one? Research carried out by this author and others shows the […]
- [BON BON DE TERRES](https://ecosocsrcc.com/bon-bon-de-terres/): Imagine sitting for lunch on a sunny afternoon in Haiti. One would expect a rich buffet of poulet aux noir or tassot, followed by beignets or Haitian cake. What if, instead, you were made to eat cookies made of dirt? Haiti is a small Caribbean country that shares the island of Hispaniola with the Dominican Republic to its east. According to the United Nations Development Program, 24.7 percent of Haitians live in extreme poverty, which is defined as earning less than $1.25 per day[1]. However, the rate of extreme poverty declined since 2000. Poverty has forced people to adopt the […]
- [Millennials and Markets: Millennial Investors  - Market Leaders](https://ecosocsrcc.com/millennials-and-markets-millennial-investors-market-leaders/): The close link between demographic and economic trends is undeniable. As baby boomers make way for the new generation, the economy is stepping into a new era of consumer and business behaviour. The members of this new generation, born between the years 1980 and 2000, bring with them new attitudes, skills, expectations and technologies and are popularly referred to as millennials. Often prompting an eye roll from the occasional middle aged aunty or uncle, this word and the people it represents are rapidly becoming more important to the economy than ever before. A dream come true for marketers, millennials differ […]
- [Fall from Grace: The Joy of Flying](https://ecosocsrcc.com/fall-from-grace-the-joy-of-flying/): 119-strong Fleet. 20,000+ Employees. 26 Lakhs+ Customers. $1.2 billion of bank debt. 32% record Share slump. For a sector that has the potential to multiply India’s tourism and has been the focus of sustained interventions by the Government, the grounding of the entire fleet of a second local carrier comes as a signal of wrongs in the sector that have started to unravel. From reducing the ‘5/20’ rule to ‘0/20’ or ensuring rapid growth in the domestic market through ‘UDAN’, along with development of air-strips, the Indian Government has reasonably focused on the macro-fundamentals. But while the escape of a […]
- [Celebrating Prof. Amit Bhaduri: Part II-Dignifying Development](https://ecosocsrcc.com/celebrating-prof-amit-bhaduri-part-ii-dignifying-development/): If you are not obsessed with hedonistic personal trivia so that you are concerned about social concerns, and if you are neither a dogmatic free market-oriented Rightist nor a dogmatic party-led dirigiste Leftist, and wondering how you can be an ‘argumentative Indian’ about how economics and politics can be galvanized to serve the cause of a fairer society, then I invite you to read Bhaduri (2005). This is a tiny book (priced at Rs. 45/50 that can fetch you more than a crisp ‘masala dosa’ and even a cuppa of filter coffee on the Bengaluru kerbs in Nagarbhavi). By the […]
- [Celebrating Prof. Amit Bhaduri: Part I-Core of Economics](https://ecosocsrcc.com/celebrating-prof-amit-bhaduri-part-i-core-of-economics/): Lest you should mistake that all the great economists are “firangees” from the West or the ones that stylishly yap on the Bloomberg TV in the US and the like TVs elsewhere, let me introduce to you, here, an Indian economist par excellence, one who has more than amply demonstrated intellectual honesty, and sensitivity about the Indian realities apart from being an unconventional economic theorist. You can check out a brief profile of Prof. Bhaduri at https://intereconomics.org/research/experts/AmitBhaduri. He has been with the subject of economics or political economy, especially macroeconomics, for about half a century in different places, and in […]
- [The Crumbling Economy of Pakistan](https://ecosocsrcc.com/the-crumbling-economy-of-pakistan/): Less than two years ago, the world was bursting with praise for Pakistan’s dynamic and resilient economy. 2018 saw Pakistan having its highest GDP growth rate in history. Moreover, its growth rate consistently increased from 2013 to 2018. Undeniably, Pakistan had a long history of economic battles, but somehow it had emerged from them with an indomitable spirit. The economy, despite its long struggles, seemed to be on the road to victory. However, the scene today is drastically different. The Pakistani economy is showing a GDP growth rate of a meagre 3.9 percent for this year, the lowest in a […]
- [Sudan- The Becoming of a Revolution](https://ecosocsrcc.com/sudan-the-becoming-of-a-revolution/): Slogans like ‘‏حرية سلام و عدالة و الثورة خيار الشعب‘, which translates to ‘Freedom, peace, justice…the revolution is the choice of the people’- can be heard being chanted in every street of Sudan. Sudan, officially the Republic of Sudan, is a country located in Northeast Africa. It has a population of about 39 million people and is the third-largest country in Africa. The official politics of Sudan takes place within the framework of a federal representative democratic republic under which the President is the head of state, head of government and Commander-in-Chief of the armed forces. Recently, this system was […]
- [Unsung Heroes Post Independence](https://ecosocsrcc.com/__trashed-6/): “The strongest people are not those who show strength in front of us but those who win battles we know nothing about.” Amidst the daily grind in today’s world, we fail to recognise the astounding efforts made by these ‘camouflaged people’ impacting mankind in innumerable ways. Unfortunately, these names fail to break through ‘the lead story’ since they are subaltern and marginalized. These people have surely achieved phenomenal feats helping India to emerge as a ‘Superpower’. Vikram Sarabhai Father of the Indian Space Programme, Vikram Ambala Sarabhai was an extraordinary combination of a scientist, an innovator, industrialist and a visionary. […]
- [Does India have a Strategic Culture](https://ecosocsrcc.com/does-india-have-a-strategic-culture/): While Indians face rising racism in America, some of them are opposing the admission of Blacks, Hispanics and other minorities to the top colleges. The National Federation of Indian-American Associations, the American Society of Engineers of Indian Origin and two other Indian organizations are among 64 Asian American organizations which formed the Asian American Coalition for Education. In 2015, the coalition filed a complaint with the U.S. Department of Education and the Department of Justice stating that over the last two decades, “many Asian-American students who have almost perfect SAT (Scholastic Aptitude Test) scores, top 1% GPAs (grades,) plus significant […]
- [College Admissions in the American Melting Pot](https://ecosocsrcc.com/college-admissions-in-the-american-melting-pot/): While Indians face rising racism in America, some of them are opposing the admission of Blacks, Hispanics and other minorities to the top colleges. The National Federation of Indian-American Associations, the American Society of Engineers of Indian Origin and two other Indian organizations are among 64 Asian American organizations which formed the Asian American Coalition for Education. In 2015, the coalition filed a complaint with the U.S. Department of Education and the Department of Justice stating that over the last two decades, “many Asian-American students who have almost perfect SAT (Scholastic Aptitude Test) scores, top 1% GPAs (grades,) plus significant […]
- [The Failures of ‘Too Big to Fail'](https://ecosocsrcc.com/the-failures-of-too-big-to-fail/): The phrase “Too Big to Fail” first found its way into common financial lingo at the time of the 2008 financial crisis. Initially, the term referred to all those corporations that required the support of the government because their sheer size meant that if they collapsed the impact on the economy would be disastrous. Now, used as a throwaway term to describe any financial institution that imposes its obnoxious presence on the economy, it highlights a systemic flaw in the way we view large banks. Over the years, big banks have leveraged this status in order to get away with […]
- [The New Gold Rush](https://ecosocsrcc.com/the-new-gold-rush/): The stage is set for the modern world’s gold rush and India is at the forefront with a Rs. 8,000-crore plan1, the ambitious “Deep Ocean Mission.” The new world’s treasure is not inside a mine, cave or under a rock but in the great depths of the deep blue. Deep Ocean Mining may sound like a term straight out of a sci-fi movie but it was put on the table as a potential substitute to conventional mining as early as the 1960s by J.L. Mero in his book ‘Mineral Resources of the Sea’2. However, due to technological and monetary constraints […]
- [Sociology of Big Business | Big Corporations and Big Social Programs](https://ecosocsrcc.com/sociology-of-big-business-big-corporations-and-big-social-programs/): Human Resource Management (HRM) rhetoric has been a dominant academic and corporate fashion with regard to the social organization of large firms in the context of economic globalization. What is this fashion and the reality check about it? There are two frames of reference—unitary and pluralist–within which to conceptualise workplace sociology. The unitary frame of reference stresses the importance of a common objective for the enterprise or business organization. With one source of authority and one focus of loyalty, there is no room given in this frame of reference for factions and altercations between them within the enterprise; all the […]
- [Decoding the far-flung dream of Cashless India](https://ecosocsrcc.com/decoding-the-far-flung-dream-of-cashless-india/): Making India cashless has been the focus of both Modi 1.0 and Modi 2.0, but can it have a happy ending towards the end of Modi’s second term? Can we become a substantially “Less Cash” society, if not a “Cashless” society? It was when the Prime Minister announced demonetisation of Rs 500 and Rs 1000 notes on 8th November 2016 (with an initial aim to curb black money) that led to prolonged cash shortages and compelled people to shift to digital payment mechanisms such as debit/credit cards, NEFT/RTGS, net banking and mobile wallets. After demonetisation, debit card transactions at point-of-sale […]
- [Cryptocurrency - Digital Currency, Current Rate, Bitcoin Price](https://ecosocsrcc.com/cryptocurrency-digital-currency-current-rate-bitcoin-price/): INTRODUCTION An Inter-Ministerial Committee set up recently in India to assess the viability of virtual currencies has recommended a ban on all private cryptocurrencies like Bitcoin and has even drafted a law called the “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019”. This proposal hardly comes as a surprise, since it follows the unequivocal statement, “the government does not consider cryptocurrencies as legal tender and will take all measures to eliminate the use of these crypto-assets in financing illegitimate activities, or as a part of the payment system,” made by Finance Minister Arun Jaitley in 2018. However, […]
- [The Surveillant: A New Generation of Capitalism](https://ecosocsrcc.com/anewofcapitalism/): In the rapid pace of the 21st century, there seems to be one broad goal on everyone’s minds: speed and the simplification of complexities. If we look back over the past half-century, with each step of advancement in technology, a new set of capabilities have emerged. First, at the start of the millennium, the growth of fibre-optics cables, wireless systems and satellites made it seem as though the world wasn’t as large as it used to be. The unreachable was now within reach and connectivity became ubiquitous. Less than a decade later, the iPhone entered the market, bringing with it […]
- [Why Study Economics](https://ecosocsrcc.com/why-study-economics/): Suppose you are seeking admission to economics courses and you are provoked to answer the question why you want to do economics, and not entrepreneurship based on organic farming and ‘goshala’, or rooftop kitchen gardening, what will you say? Or, more profoundly, economics is a confusing subject and most economists are confused too, and so why do you prefer lack of enlightenment? You might not get admission in a minority college interviewing you this way, simply because you are unable to articulate your answer about to be or not to be in economics. Think about it. Much can be said […]
- [Right Brain Attributes and Skills for a Good Society](https://ecosocsrcc.com/right-brain-attributes-and-skills-for-a-good-society/): What is a good society? It is “what we strive for and we aim to build it around core values: Equality, Democracy and Sustainability”. It is a framework for inclusive society that enables us to evaluate political and economic ideas and actions against these core values (Compass, Undated). The blossoming of this framework depends on the blossoming of more and more right brained people. In this connection, there are some fascinating findings from educational research with students, parents and business leaders in a multicultural context such as in America, which also apply to the multicultural context like in India. This […]
- [Economics as Science and Ideology](https://ecosocsrcc.com/economics-as-science-and-ideology/): (Book review of Offer, Avner and Gabriel Söderberg, The Nobel Factor: The Prize in Economics, Social Democracy and the Market Turn, Princeton University Press, Princeton 2016.) Since 1969 there has been a so called Nobel Economics Prize. It is not a normal Nobel Prize established by Alfred Nobel but rather a prize reminding us of the 300 year existence of the Central Bank in Sweden. The correct name is “The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel”. The history of this prize, how it came about and its development over the years with Laureates and […]
- [Avocados V/s Mangos: Hire and Promote Based on Merit](https://ecosocsrcc.com/avocados-v-s-mangos-hire-and-promote-based-on-merit/): “We hire and promote based on merit.”  We’ve been hearing this for over a decade now, and it’s a recurring theme in current policy debates. In fact, it’s a statement I used to believe. Who wouldn’t want to? The notion that companies are structured to reward the most talented and determined individuals is pervasive in this country. Irrespective of who you are and where you come from, at one point or the other, in your adult life and the errands of the fast-moving ‘woke and hustle’ culture, you must have, more often than not, found yourself smack dab in the […]
- [Ruling with a Tattooed Fist](https://ecosocsrcc.com/ruling-with-a-tattooed-fist/): It is always fascinating to see a group bound by a strong code of conduct operating in a way which appears to be invincible; reminiscent of The Godfather. While Italian and Russian mafias are well known and have blended into mainstream pop culture, the ancient Japanese mafia, Yakuza, still operates, away from the watchful eyes of the West. Yakuza, in an old card game, Oicho-Kabu, means “the worst hand that can be drawn.” Many Japanese people and corporations will be willing to attest the claim. Through their nefarious acts, these gangs have meant nothing but trouble for a considerable number […]
- [Technology Akin Catalyst](https://ecosocsrcc.com/technology-akin-catalyst/): The Indian clan of inhabitants tends to stay spectacular at all times whenever it comes to habituating and adapting to dynamic technological trends and advancements around the world. We have been through a substantial transformation in almost all the spheres of the economy in the past couple of years, altering the conventional approach and innovating new ways to solve excessively complex problems so as to stand upfront in this highly competitive world. In the light of recent years, we have performed equitably well in various aspects of the economy even while being confronted with some slowdowns on the contrary [such […]
- [The Fallacy Of Blame: How Blaming Immigrants Leads Us Astray From Reality](https://ecosocsrcc.com/the-fallacy-of-blame-how-blaming-immigrants-leads-us-astray-from-reality/): Whenever faced with a quandary, we, hardwired to look for something or someone to blame, headlong tend to figure out the culprit; our mind can’t rest at ease until it pins its blame instinct onto some palpable existence, which conveniently is someone else. There’s an interesting episode from history when this newly encountered skin disease, now known as syphilis, was called by different names in different countries. It’s called the polish disease in Russia, the German disease in Poland, the French disease in Germany, the Italian disease in France and coming full circle, as the French disease in Italy. As […]
- [Economic Informalization](https://ecosocsrcc.com/__trashed-5/): Prior to the 1970s, it was argued that the informal sector was actually the reflection of underdevelopment and with the acceleration of the process of capitalist accumulation in the underdeveloped countries, the informal sector (i.e. the traditional sector comprised of petty traders, small producers and a range of casual jobs) will disappear. This is what happened in the developed countries of Europe and America. But the informal sector is conspicuous by its presence. And it has re-emerged with new dynamics. Most developing countries, right from the beginning of their economic development after independence, faced a vicious circle—on one hand, agriculture […]
- [Dating Adam Smith](https://ecosocsrcc.com/dating-adam-smith/): You find the partner of your dreams, romantic music starts playing in the background, red roses strewed everywhere, you smell a flowery scent – truly, love is in the air. But have you ever wondered who pays for the band of musicians? How much do those roses cost? Which tax did you pay on the perfume? You might not realise it, but economics and love are a couple as iconic as Romeo and Juliet. Economics is regarded as something very mathematical, cold and calculative. Whereas, love is synonymous with warmth, emotions and intrigue. Here we will break the disassociation between […]
- [COVID-19: Government’s Rorschach Test](https://ecosocsrcc.com/covid-19-governments-rorschach-test/): The pandemic has wreaked havoc, caused human suffering worldwide and has proved to be contagious both medically and economically. It is speculated that the coronavirus is not yet on its apogee and is expected to affect a more sweeping portion of the population. It has pushed the world to follow a trajectory of retrogression. Most of the governments have no experience in handling a health crisis. As they seek to put lockdowns behind them, they will have to think hard about the cost and benefits of what comes next. There are debates over lives and livelihoods, local lockdowns, testing policies […]
- [Can Business Make the World Go Round?](https://ecosocsrcc.com/can-business-make-the-world-go-round/): INTRODUCTION “You know what the issue is with this world? Everyone wants a magical solution to their problem, and everyone refuses to believe in magic.” (Alice in Wonderland) Industrial production, business and entrepreneurship have taken the center stage for global growth with a purely economic scope. The ideas of sustainability, conscious recycling and social entrepreneurship are extensively talked about but rarely acted upon, especially by the major economic agents of the world. More than 137.7 million tonnes of municipal solid waste is landfilled in the United States every year. Are such figures attributable to the lack of initiative by most […]
- [Triage- The Doctor's Dilemma](https://ecosocsrcc.com/triage-the-doctors-dilemma/): It is 2020 and you are a medical practitioner. 40 years later, you return to this spot. You are much older and have made many decisions in your lifetime, but this is the only one that haunts you. It was an impossible situation, an unwinnable conundrum. Even though you tell yourself you made the right choice, you continue to wrestle with the decision. Perhaps, in another life, you would feel differently. But this is not another life, this is reality. The reality with the conclusion you chose. Was it the right thing to do? Was triage the only option at […]
- [The Dubai Approach](https://ecosocsrcc.com/the-dubai-approach/): Dubai, the largest city of the United Arab Emirates, has turned from an overheated expanse of desert to the tourist mecca of the Gulf in just a few decades, unlike its neighbouring cities. The emirate has emerged as one of the most iconic cities of the world and this metamorphosis can be largely ascribed to the ingenuity of the Vice President and Prime Minister of the United Arab Emirates, and the ruler of the Emirate of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum and his predecessors. Opposite to the hearsay, Dubai’s economy isn’t oil, rather it is tourism-oriented. As per […]
- [Stewardly Capitalism](https://ecosocsrcc.com/stewardly-capitalism/): (A Review of Prosperity: Better Business Makes the Greater Good by Colin Mayer. 2018. Oxford University Press. Oxford. Paperback. Pp.261. Price: £ 16.99) Can the role of business be that of a steward, and not of a predator? The Business of Humanity Project founded by the prestigious Katz Graduate School of Business and the Swanson School of Engineering at the University of Pittsburgh has given the answer in the positive. It has proposed the onset, in the business world, of counterintuitive but simple and powerful ideas about how companies can add value by overcoming three critical challenges characterizing today’s business […]
- [Since Diplomacy is an Art, Aim at Being an Artist](https://ecosocsrcc.com/since-diplomacy-is-an-art-aim-at-being-an-artist/): The one thing or perhaps the only one right thing that Adolf Hitler ever said was that “when diplomacy ends, war begins”. When we look back in time, what was the one reason that caused the failure of the League of Nations? What was the impetus that made the Earth witness the Second World War? Why did Japan’s history and geography both change within the blink of an eye? These are just a few questions to which there are numerous logical and rational analyses but no discrete explanations. Why haven’t we ever questioned the lack of values that laid the […]
- [The Grim Reaper’s Dilemma](https://ecosocsrcc.com/the-grim-reapers-dilemma/): The Grim Reaper is in a state of puzzlement, as policymakers discuss if Capital Punishment is a sine qua non for the near utopian society they envision. Is Code Red the way to go to bring about reduced crime rates? Or is it wrong to bask in the glory of retribution, gleeful with our notion of justice being delivered? There is a wave of change in thought and policies and a renewed consciousness among the governments and institutions, that has prompted over two-thirds of the countries in the world to abolish the death penalty for almost all crimes1. According to […]
- [Unemployment](https://ecosocsrcc.com/unemployment/): Unemployment has been a recurring theme in political economy. Its two great masters of the nineteenth century, Malthus and Ricardo, believed in the “iron law of wages”. If the wage is raised above the subsistence minimum, workers would breed too much and population growth would soon overtake the growth of food production to bring wage back to the subsistence level. Marx, the other great master of that century gave an insightful twist to that argument by placing it in the context of capitalist development. Its early phase would continue to break down small, pre-capitalist manufacturing to make labour available for […]
- [Rainbows and Economics](https://ecosocsrcc.com/rainbows-and-economics/): “There is a part of homophobia that is often overlooked: it can deeply affect the homophobic as well.” Whether it is the movement towards marriage equality in Taiwan or ‘aggravated homosexuality’ being punished in Uganda or the brutal treatment of gay men in Chechnya, our society has seen both progress as well as reversals when it comes to LGBTQIA+ rights. Homophobia, a term coined in 1960s, is a culturally conditioned response to homosexuality that manifests itself in legal restrictions or even violence (sometimes called ‘gay bashing’). A plethora of moral arguments already exist in favor of reforming and repealing such […]
- [Indian Reservation System: 70 Years and Counting](https://ecosocsrcc.com/indian-reservation-system-70-years-and-counting/): When we have any sickness, we always prefer taking an allopathic medicine as it suppresses the symptoms faster. But what happens when we keep taking this medicine on a regular basis? Side effects. This is exactly what reservation is: an allopathic medicine which was prescribed by the makers of our Constitution for a few years [1], but for the last 70 years, different governments have kept on giving this country an overdose. Protests for and against reservation have long plagued India, [2] giving rise to endless discussions and debates. But the agendas have always remained the same: Should reservation be […]
- [Health Insurance Cost - Ayushman Bharat Health and Wellness](https://ecosocsrcc.com/health-insurance-cost-ayushman-bharat-health-and-wellness/): Pradhan Mantri Jan Arogya Yojana (PM-JAY) entitles free hospital care to India’s nearly 100 million poor and marginalized families. PM-JAY is one of the two components of Ayushman Bharat (the other component being the establishment of Health and Wellness centres). PM-JAY is also the fastest moving component, having benefited nearly 3.4 million individuals in a short span of 10 months since its launch. Although the central allocations to PM-JAY is only Rs 6400 crores — about 10 percent of the central health budget– it is all set to grow by leaps and bounds with the expected surge in claims over […]
- [Chinese Competition](https://ecosocsrcc.com/chinese-competition/): Who is not afraid of the Chinese competition? And who does not want to outdo it? These were the relevant questions in the pre-Covid-19 global context. Now that in the post-Covid-19 Indian context, there is fervent sloganeering of “Atmanirbhar India” and social media campaigning to boycott Chinese products. It is worthwhile to know how the Chinese manufacturers had masterminded their competition before Covid-19 engulfed the whole world. Everybody knows that China is the manufacturing heart and soul of the world and in hardware electronics, it is “the assembly hub for final products in Asian production networks”. Economies of scope factored […]
- [Chaos in the Island of Stability](https://ecosocsrcc.com/chaos-in-the-island-of-stability/): US President Jimmy Carter once described Iran as “an island of stability in a turbulent corner of the world.” Today, Iran is vowing revenge and retaliation after a U.S. air strike in Baghdad on 3rd January, 2020 killed Qassem Soleimani, Tehran’s most prominent military commander and the head of the Quds Force (the overseas branch of Iran’s Islamic Revolutionary Guard Corps, the IRGC). A closer look at the history of these two nations’ relations with one another becomes imperative to understand why they find themselves at the impasse that they do today. A CHEQUERED HISTORY: The US and Iran were […]
- [Breaking Down India's Exit from RCEP](https://ecosocsrcc.com/breaking-down-indias-exit-from-rcep/): “In the current situation, it is not possible for India to join the RCEP Agreement.” This line said by Narendra Modi, the Prime Minister of India, brought a halt to the RCEP negotiations which had been in place since November 2012. But what exactly is the RCEP and what forced India to withdraw from the agreement after such a long period of negotiations? What is RCEP? The Regional Comprehensive Economic Partnership or RCEP deal was proposed at the ASEAN Summit in November 2012 with an aim to establish a trade bloc between the 10 ASEAN countries, China, Japan, South Korea, […]
- [Australia is Burning!](https://ecosocsrcc.com/australia-is-burning/): Australia has been hit by one of the worst bushfire crises in its history. The fires began in September last year and are showing no signs of stopping. Every state in the country is under the grab of the fires and an area of about 10.7 million hectares has burnt to ash till date(1). Although Australia faces this so-called ‘fire season’ every year, what distinguishes the current bushfires is their enormity. This year, the fires started in September, much earlier than the Southern Hemisphere summer (December to February)(2). Moreover, in the past, these fires have generally been limited to the […]
- [The Curious Case of All-Time Highs](https://ecosocsrcc.com/the-curious-case-of-all-time-highs/): These are confusing times. While the headlines of the newspapers talk about the on-going recession, the finance section paints a different story altogether. Sensex and Nifty 50, India’s stock indices are shooting upward in all disregard to the ostensible slowdown at hand. What could possibly be such a moving factor which is looking to defy what people term a worse recession than 2008? Stock markets run more on sentiment rather than substance and it’s important to factor that in while looking at the picture. The fear of a slowdown coupled with a hope that the worst has passed has given […]
- [The Business Of Being A Political Party](https://ecosocsrcc.com/the-business-of-being-a-political-party/): During the year 2018-19, India’s ruling party, the Bharatiya Janata Party declared Rs 1,612.04 crore as income from unknown sources, which is 64% of the total income of all national parties. While the main opposition party, the Indian National Congress, declared Rs 728 crore from unknown sources.¹. According to the Association for Democratic Reforms (ADR), a think tank and election reform watchdog, the national parties have collected Rs 11,234 crore from unknown sources in the financial year between 2004-2005 and 2018-19. So does it mean it is good to be in the business of being a political party? With election […]
- [Yesterday’s Behemoth, Today’s Midget](https://ecosocsrcc.com/yesterdays-behemoth-todays-midget/): “Once a new technology rolls over you, if you’re not a part of the steamroller, you’re a part of the road” – Stewart Brand. One couldn’t find a more relevant quotation to elucidate the journey of Kodak, which was once the behemoth of the photo industry. Kodak was an American technology company that produced camera related products. It was founded by George Eastman and Henry Strong on September 4, 1888. Between 1888-1968, Kodak burgeoned in the photo industry seizing over 80% of the market share a but alas, “Nothing is permanent except change”. After a century of dominance, Kodak’s business […]
- [US Isolationism and the New World Order](https://ecosocsrcc.com/us-isolationism-and-the-new-world-order/): Post WWII, the United States of America has prided itself on being the strongest advocate of capitalist system and a free society based on the principles of market economy and free trade. It managed to bring the world together and successfully built a global coalition around its economic ideology that paved the way for its near hegemony in terms of wielding influence in global policy making. The 32nd President of USA, Franklin D. Roosevelt, led the world in rebuilding the economy through an unprecedented series of reforms called as “New Deal” as well as introducing lend-lease program which laid the […]
- [The Dragon's Shadow and India](https://ecosocsrcc.com/the-dragons-shadow-and-india/): Can India shake off the dragon’s growing tentacles in South Asia? The dragon’s shadow has lengthened over the South Asian region as it has rapidly developed port and transport infrastructure, some of it as part of its Belt and Road Initiative. China is doubling down on a range of its territorial disputes with South Asian neighbours like India to the South China Sea. During the last three months, there has been a tense face-off on its border with India in the western Himalayan region of Ladakh. High-level military and diplomatic parleys have resulted in a gradual de-escalation of hostilities. But […]
- [Taking Off With Helicopter Money](https://ecosocsrcc.com/taking-off-with-helicopter-money/): With global economies in doldrums, is helicopter money a viable solution to pull an economy out of the financial ventilator? As a child, I was really fascinated with Jodha Akbar, especially the scene where Akbar would throw gold coins into the air and people would hastily collect it, wishing for it to happen in real life, someone throwing so many chocolates at me, and I grabbing all of it. Now that I’ve grown up, and see a version of the same happening around the world, with real currency, I wonder if it is as harmless to the economies, as it […]
- [Holier Than Thou](https://ecosocsrcc.com/holier-than-thou/): We worship drugs and alcohol The labyrinthine existence of Cannabis in Hindu mythology, as a part of Lord Shiva’s recreation, has persuaded the dutiful to puff the butt and harness his sanctity. Even during the colonial times, this intoxicating ‘prasad’ was customarily available when accompanied with a prescription. Another ancient decoction of herbs ‘somras’ has been classified anachronistic and has been replaced with a cooler slang ‘alcohol’. But in 1961, the malicious United Nations imposed a sweeping prohibition on drug supply and use for 25 years, equating Cannabis with other hard drugs like heroin, cocaine and methamphetamine. Later in 1985, […]
- [Icarus Paradox and the Businesses. Why Successful Ventures Fail?](https://ecosocsrcc.com/icarusfalls/): It’s all greek ! This legend about Icarus indulges the readers because it describes his desire to endeavor beyond human boundaries and the resultant ramifications. Daedalus (his father), was ordered by the king to build a space to be able to contain Minotaur, a monster. He decided to build a complex labyrinth, the exit to which was difficult to decipher. The king resolved to incarcerate Daedalus’s family in the labyrinth, to keep all of this a secret. Daedalus gathered feathers to build wings held together by beeswax, the only mode of escape for his son. However, he warned him not […]
- [Disruption as an Opportunity](https://ecosocsrcc.com/disruption-as-an-opportunity/): “A new generation with different trials and tools is coming up to challenge everything we think we know.” 1 As we enter a new decade, we will encounter a new era of business and technology. In order to survive the change, businesses need to be safeguarded from the evils that exist in the market, i.e. volatility, uncertainty, recession, risk and disruption. Out of all these evils, we will examine how to overcome disruption and why businesses need to identify disruption as an opportunity. What is Market Disruption? How to turn it into an opportunity? A market disruption is a situation […]
- [Chinese Investments in India for the start-ups grow](https://ecosocsrcc.com/21564/): Imagine this – A is on the lookout for a new handbag and she spots a nice one that is worth Rs 3000 on an E-commerce app. The problem lies in the fact that it is way above her budget. Nevertheless, she adds it to her shopping cart but soon reality kicks in and she is contemplating removing it from her shopping cart. Then suddenly, out of the blue, the app suggests an alternative. Instead of paying the Rs 3000 right now, she could pay it a month later and the icing on the cake is that she won’t even […]
- [Inside the Firm Review: Part V](https://ecosocsrcc.com/inside-the-firm-review-part-v/): Enterprise Governance, Worker Organisation and Labour-Management Relations Do workers have board-level involvement (i.e. at the level of Board of Directors) in large firms? The Confederation of Indian Industry, for example, is not in its favour, and so must be the employer associations elsewhere. In India, in Mumbai, some independent employee unions have made attempts to intelligently factor themselves into corporate governance at the board level by arguing on the basis of modern company law that there is no reason why they should not be part of the board-level decision making. Unfortunately, as of now, corporate governance is underpinned by the […]

## Pages

- [Education Infrastructure Index (EII) Dashboard](https://ecosocsrcc.com/education-infrastructure-index-eii-dashboard/)
- [National Economics Olympiad](https://ecosocsrcc.com/national-economics-olympiad/): National Economics Olympiad The National Economics Olympiad is a pan-India level Economics Olympiad for classes XI & XII students conducted online. It is a knowledge-driven initiative to help students look beyond their unquestioning curriculum and truly “Discover The Economist” within themselves. We have a two-fold objective of broadening the scope of students’ learning and providing practical inputs to stimulate their holistic development. It is an endeavour to test the mettle of students in all fields and help them understand the subject matter with attention to its nuances. Additionally, the Olympiad aims to provide students with an opportunity to challenge their […]
- [Nexus](https://ecosocsrcc.com/nexus/): Nexus Nexus: The Live Interview Journal is a pioneering initiative by the Editorial Department of The Economics Society, SRCC. Driven by a strong belief in the transformative power of dialogue, the debut issue of Nexus offers a collection of insights, experiences, and wisdom from four remarkable personalities who are trailblazers in their respective fields: Ms. Rachel Thomas (India’s first female skydiver), Ms. Mitali Nikore (Economist at the World Bank), Mr. Kunwar Shekhar Vijendra (Educationist and Chancellor at Shobhit University) and Mr. Akshat Shrivastava (YouTuber and Entrepreneur). Nexus First Edition [dflip id=”27306″][/dflip]
- [Contact Us](https://ecosocsrcc.com/contact-us/): Get in touch Connect, Collaborate, Communicate: Reach out to us and be a part of the dialogue. Your thoughts matter, and together, we shape the conversation. Shri Ram College Of Commerce, Maurice Nagar, New Delhi – 110007 Mail:- contact@ecosocsrcc.com
- [Indices](https://ecosocsrcc.com/indices/): Indices Health Infrastructure is one of the basic pillars needed to sustain a country. This index measures the conditions of basic healthcare facilities in various states keeping the performance of other states in perspective, with the potential and vision to help the states become better performers. Education Infrastructure Index [dflip id=”27623″][/dflip] Healthcare Infrastructure Index [dflip id=”26803″ ][/dflip]
- [Archives](https://ecosocsrcc.com/archives/): Archives Tags Global 10 mins ago Modern Day Kurukshetra Mahabharata is Itihas. Not because it’s history, but because it keeps repeating itself –Devdutt Pattanaik. Mahabharata – An ancient Indian epic that has… Tags Personal Development 10 mins ago Dan Ariely’s Predictably Irrational In 2002, Daniel Kahneman was awarded the Nobel Prize in Economics for integrating “insights from psychology into economics, thereby laying the foundation for… Tags Politics 10 mins ago Reimagining Hindustan What if way back in 1600, John Watts and George White decided to become pianists rather than start the East India Company? What… Tags Ideas 10 mins ago […]
- [Politics](https://ecosocsrcc.com/politics/): Politics Tags Politics Ending Statelessness: An endeavour towards a more equitable world This is the story of a woman named Leal, who has lived in Lebanon for more than 30 years but without any legal… Tags Politics Reimagining Hindustan What if way back in 1600, John Watts and George White decided to become pianists rather than start the East India Company? What… Tags Politics Unsung Heroes Post Independence “The strongest people are not those who show strength in front of us but those who win battles we know nothing about.” Amidst… Tags Politics The Grim Reaper’s Dilemma The Grim Reaper […]
- [Personal Development](https://ecosocsrcc.com/personal-development/): Personal Development Tags Personal Development Dan Ariely’s Predictably Irrational In 2002, Daniel Kahneman was awarded the Nobel Prize in Economics for integrating “insights from psychology into economics, thereby laying the foundation for… Tags Personal Development Economics as Science and Ideology (Book review of Offer, Avner and Gabriel Söderberg, The Nobel Factor: The Prize in Economics, Social Democracy and the Market Turn, Princeton University… Tags Personal Development Right Brain Attributes and Skills for a Good Society What is a good society? It is “what we strive for and we aim to build it around core values: Equality, Democracy and… Tags Personal […]
- [Ideas](https://ecosocsrcc.com/ideas/): Ideas Tags Ideas Arthashastra A popular legend has it that when Kautilya and Chandragupta attacked the Nanda Kingdom they were defeated at first. Wandering around the city… Tags Ideas Celebrating Prof. Amit Bhaduri: Part I-Core of Economics Lest you should mistake that all the great economists are “firangees” from the West or the ones that stylishly yap on the Bloomberg… Tags Ideas Celebrating Prof. Amit Bhaduri: Part II-Dignifying Development If you are not obsessed with hedonistic personal trivia so that you are concerned about social concerns, and if you are neither a… Tags Ideas Avocados V/s Mangos: Hire and Promote […]
- [Global](https://ecosocsrcc.com/global/): Global Tags Global Modern Day Kurukshetra Mahabharata is Itihas. Not because it’s history, but because it keeps repeating itself –Devdutt Pattanaik. Mahabharata – An ancient Indian epic that has… Tags Global One Country, Two Currencies, Many Exchange Rates How does it feel to be the only country in the world which prints two currencies? How does it feel to be paying… Tags Global BON BON DE TERRES Imagine sitting for lunch on a sunny afternoon in Haiti. One would expect a rich buffet of poulet aux noir or tassot, followed… Tags Global Sudan- The Becoming of a Revolution Slogans like […]
- [Economics & Policy](https://ecosocsrcc.com/economics-policy/): Economics And Policy Tags Economics And Policy A New Interest Rate Policy Macroeconomists and financial economists got a bad name in the aftermath of the Global Financial Crisis (GFC) and the Great Recession in and… Tags Economics And Policy The Fallacy Of Blame: How Blaming Immigrants Leads Us Astray From Reality Whenever faced with a quandary, we, hardwired to look for something or someone to blame, headlong tend to figure out the culprit; our… Tags Economics And Policy Technology Akin Catalyst The Indian clan of inhabitants tends to stay spectacular at all times whenever it comes to habituating and adapting […]
- [Business & Finance](https://ecosocsrcc.com/business-finance/): Business & Finance Tags Business And Finance The Economics of Disney World: The Formation of an Empire “You can go anywhere on the planet and you will see a kid wearing a Madagascar T-shirt. You can say May the Force… Tags Business And Finance To Privatize or Not to Privatize? The state of public banks in India is deteriorating; in fact to say that they are deteriorating would be an understatement. These banks… Tags Business And Finance Apple: An Insight into Profit Proliferation It goes without saying that profits are the key determinant and the very foundation of success of […]
- [Writing Mentorship Programme](https://ecosocsrcc.com/writing-mentorship-programme/): Writing Mentorship Programme The Writing Mentorship Programme is an initiative of the Economics Society, SRCC which is a one-of-a-kind and an exclusive opportunity for the students of classes XI-XII. This two-week programme is curated with invaluable resources to offer personalised guidance, sharpen the participants’ writing skills and enable them to express their opinions confidently. At the end of this free-of-cost programme, selected students stand a chance to become published authors for Ceteris Paribus, the digital publication of the Economics Society, SRCC, and also bag a chance to intern with us.
- [National Economics Olympiad 2](https://ecosocsrcc.com/national-economics-olympiad-2/): National Economics Olympiad Elevate your preparation with our meticulously crafted practice materials. Designed to simulate the exam experience, these sample papers provide a comprehensive glimpse into the pattern and depth of the content. Unlock your potential, sharpen your skills, and stride confidently towards success with NEO Sample Papers. NEO Sample Paper 2021 [dflip id=”13750″ ][/dflip] NEO Sample Paper 2020 [dflip id=”13757″ ][/dflip] NEO Sample Paper 2019 [dflip id=”13760″ ][/dflip] NEO Sample Paper 2018 [dflip id=”13764″ ][/dflip]
- [Shri Ram Research Festival](https://ecosocsrcc.com/shri-ram-research-festival/): Shri Ram Research Festival The Economics Society, SRCC is proud to present the Shri Ram Research Festival, a research symposium instituted with the aim of adhering to and amplifying a drive for unique, authentic research. In the previous editions, we witnessed participation from more than 1700+ students in multiple events and had the privilege of hosting various renowned members of academia including Dr Pulapre Balakrishnan, Dr Ashoka Lahiri and Ms Yamini Aiyar. Shri Ram Research Festival is an amalgamation of rigorous events, workshops and speaker sessions from reputed personalities from academia. The festival provides you with an opportunity to put […]
- [Shri Ram Economics Summit](https://ecosocsrcc.com/shri-ram-economics-summit/): https://ecosocsrcc.com/wp-content/uploads/2025/03/Teaser-Reel.mp4 Shri Ram Economics Summit “Asia’s Largest Undergraduate Economics Summit” From hosting exceptional speakers to organising numerous competitions, SRES drives curiosity, knowledge and discourse in the field of economics. SRES 2024 Speakers Meenakshi Nevatia  Ashishkumar Chauhan   Harish Mehta  Wendy Werner  Pronab Sen  Gautam Chikermane  Dinesh Jangid  Subhash Garg  Kush Ahuja  Mohit Makhija  Meenakshi Nevatia  Harish Mehta  Gautam Chikermane  Subhash Garg  Pronab Sen  Ashishkumar Chauhan  Wendy Werner  Mohit Makhija  Dinesh Jangid  Kush Ahuja  Competitions Shri Ram Case Conundrum Shri Ram Case Conundrum is a one-of-its-kind learning experience. It provides a platform for individuals to analyse and scrutinise case studies in […]
- [Chai Pe Charcha](https://ecosocsrcc.com/chai-pe-charcha/): Chai Pe Charcha With the idea of ‘Chai Ek, Vichar Anek’, Chai Pe Charcha is an in-house initiative of The Economics Society to catalyse inspiring and meaningful conversations and discussions on world happenings.   Chai Pe Charcha gatherings epitomise simplicity and intellectual engagement, providing a platform for candid conversations and open discussions to unfold alongside a comforting cup of tea.
- [Discourse: An Archive of Ideas](https://ecosocsrcc.com/discourse-an-archive-of-ideas/): Discourse: An Archive of Ideas Discourse: An Archive of Ideas is a dynamic lecture series curated by The Economics Society, SRCC. We provide an intellectual platform where academia converges with real-world issues, fostering discussions over general interest. Discourse offers an incredible opportunity to engage with influential voices as we host luminaries from the fields of policymaking, academia, business, and politics. Recent Discourse Sessions Dr. Harsh V Pant: Exploring the “China-Taiwan Conflict and Organised Crime”. Ms. Neelashi Shukla: Delved into “The Economics of Millennial Self Assertion.” Mr. Azhar Iqubal: Shared insights on the “Indian Startup Ecosystem”. Mr. Shishir Prasad: Explored the […]
- [Healthcare Infrastructure Index (HII) Dashboard](https://ecosocsrcc.com/healthcare-infrastructure-index-hii-dashboard/)
- [Decoded](https://ecosocsrcc.com/decoded/): Decoded Decoded, the Economics Society’s Podcast Series, is an initiative geared towards broadening the horizons of discussions on policy issues and facilitating the exchange of opinions and ideas amongst the youth. Season 1 This season of Decoded focuses on insightful and engaging conversations with policymakers and how they can tangibly impact the economy of our country. Delve in as we interview some of the greatest luminaries in the field of policy-making from Viral Shah to Amiya Bagchi! Season 2 In this season of Decoded, we have students of the Economics Society, examining the economy and its amalgamation with nuances of […]
- [Uncoined](https://ecosocsrcc.com/uncoined/): Uncoined Uncoined, formerly known as Decoded, is our own podcast geared towards broadening the horizons of economics with different studies like history, political science, geopolitics, etc. and facilitating the exchange of opinions and ideas amongst the youth. Season 1 Picture this: A Time Machine that Transports you to different eras, realms and spheres of Economics. At Uncoined, that’s exactly what we do. So fasten your seatbelt, it’s time to travel through a world of Ideas, Stories and Economics! Uncoined Specials Hard to keep up with what’s happening in the world right now? Don’t worry! Uncoined specials have got your back. […]
- [Research Handbook](https://ecosocsrcc.com/research-handbook/): Research Handbook With an aim to completely eliminate any negative and false notions regarding research, we bring up our own research handbook as a stepping stone for the first-time researchers. Research Handbook [dflip id=”13614″ ][/dflip]
- [Podcast](https://ecosocsrcc.com/podcast/): Podcasts Your Auditory Gateway to Insight. Dive into our series of thought-provoking discussions, where experts and enthusiasts explore the depths of various topics, from economics to culture. Engage, learn, and be inspired as we navigate the complexities of our world through the power of sound. Uncoined Uncoined, formerly known as Decoded, is our own podcast geared towards broadening the horizons of economics with different studies like history, political science, geopolitics, etc. and facilitating the exchange of opinions and ideas amongst the youth. View More Decoded Decoded, the Economics Society’s Podcast Series, is an initiative geared towards broadening the horizons of […]
- [Ceteris Paribus](https://ecosocsrcc.com/ceteris-paribus/): Ceteris Paribus Ceteris Paribus is our online platform which features regular articles on everything under the sun by undergraduate students, professors and professionals. The platform features diverse articles which are driven by research and thought. Ceteris Paribus also welcomes contributions and believes in free dissemination of knowledge, without boundaries. Business And Finance Economics And Policy Global Ideas Personal Development Politics The Economics of Disney World: The Formation of an Empire Khushi Bhojnagarwala July 20, 2024 To Privatize or Not to Privatize? Sanket Jain July 20, 2024 Apple: An Insight into Profit Proliferation Rishav Jalan July 20, 2024 Fall from Grace: […]
- [Artha](https://ecosocsrcc.com/artha/): Artha Artha is SRCC’s Annual Economics Journal. A culmination of research, opinion and ideas, Artha serves as a testament to the legacy of our Society. Artha 2024 [dflip id=”27321″][/dflip] Artha 2023 [dflip id=”27399″][/dflip] Artha 2022 [dflip id=”13563″][/dflip] Artha 2021 [dflip id=”13566″ ][/dflip] Artha 2020 [dflip id=”13570″ ][/dflip] Artha 2019 [dflip id=”13573″ ][/dflip] Artha 2018 [dflip id=”13576″][/dflip] Artha 2017 [dflip id=”13579″ ][/dflip]
- [Data Reports](https://ecosocsrcc.com/data-reports/): Data Reports Unveiling the narrative behind the numbers. Our meticulously crafted reports offer a comprehensive analysis, transforming raw data into actionable insights. Navigate the complexities with clarity and leverage the power of informed decision-making. Labour Dynamics Across G7 Nations [dflip id=”27606″][/dflip] ESG Foundations in South & Southeast Asia [dflip id=”27610″][/dflip] National Security Index [dflip id=”27604″][/dflip] Land Utilisation In Indian States: A Quantitative Modeling [dflip id=”13541″ ][/dflip] Dissecting FDI In 21st Century [dflip id=”13544″ ][/dflip] Comprehensive Development Index [dflip id=”13547″ ][/dflip]
- [Data Dashboard](https://ecosocsrcc.com/data-dashboard/): Data Dashboard A visual nexus where information transforms into insights. Navigate complex datasets with ease, uncover trends, and make informed decisions at a glance. Streamline your data experience with our interactive and dynamic platform, putting the power of information at your fingertips. See Dashboard
- [Project Jaankari](https://ecosocsrcc.com/project-jaankari/): Project Jaankari Project Jaankari is our flagship project with its roots in primary data and research. The project’s main aspects include data collection through on-ground surveys. This data is then analysed using relevant tools to come up with policy suggestions based on the results. Analysing the Tourism Sector in Delhi [dflip id=”27617″][/dflip] Solid Waste Management System in Delhi [dflip id=”26823″ ][/dflip] Performance Assessment Of The Public Distribution System [dflip id=”13515″ ][/dflip] Performance Assessment Of DTC Buses [dflip id=”13518″ ][/dflip] A Performance Evaluation Of Mohalla Clinics [dflip id=”13522″ ][/dflip]
- [Policy Brief](https://ecosocsrcc.com/policy-brief/): Policy Brief Condensed Wisdom, Amplified Impact. In a world of complexities, our briefs distill insights into actionable solutions. Navigate nuanced issues with clarity, as we bridge the gap between research and policy, offering a concise roadmap for informed decision-making. Dive into the essence of issues, guided by our meticulously crafted briefs that empower change through knowledge. The Indian Manufacturing Story: A Policy Perspective [dflip id=”13477″ ][/dflip] Vishvaneeti [dflip id=”13480″ ][/dflip] Why Are Persons With Disability Missing From India’s Workplaces? [dflip id=”13483″ ][/dflip] The Union Budget 2019-20 [dflip id=”13487″][/dflip] Economic Cost Of Air Pollution [dflip id=”13490″ ][/dflip] A Commentary On The […]
- [Policy Reports](https://ecosocsrcc.com/policy-reports/): Policy Reports Navigate the intersection of governance and societal progress with our Policy Reports – where analysis meets action. These reports provide a comprehensive examination of pressing public issues, offering evidence-based evaluations and pragmatic solutions. Designed to inform stakeholders, our reports bridge the gap between theory and implementation, addressing complex challenges with clarity and foresight. Focusing on relevance and impact, they empower policymakers, organisations, and communities to make informed decisions. Each report is meticulously structured to synthesise data, contextual analysis, and strategic recommendations, fostering a deeper understanding of policy dynamics. Discover how informed policymaking can drive meaningful change through the […]
- [Research Paper](https://ecosocsrcc.com/research-paper/): Research Paper As time has progressed, the capabilities of terrorists and criminals have advanced with the refinements in technologies, which has proved to further exacerbate the difficulties in pinning down sources of funding for their organizations. Through this brief, we aim to understand this nexus, examine its extent, and also propose the adoption of a framework to combat illicit financial transactions being routed through the traditional banking system, through the adoption of upcoming technologies such as Artificial Intelligence and Machine Learning. Analysing Consumer Search Cost in E-Commerce [dflip id=”13407″ ][/dflip]
- [Research Reports](https://ecosocsrcc.com/research-reports/): Research Reports Amidst a rapidly changing world order, an inquiry into the China-Taiwan conflict becomes extremely crucial, considering China’s rapidly escalating influence across the world. While the Taiwanese people struggle for sovereignty, their deep-rooted ties to China stand as an impediment to their dream. Our research report explores this issue, providing a multitude of insights. The Sandstorm Strife [dflip id=”27374″][/dflip] The Green Gold Rush [dflip id=”27355″][/dflip] The Psychology of Consumer Decisions [dflip id=”27351″][/dflip] The Economics of Prison [dflip id=”13373″ ][/dflip] Deterring The Dragon [dflip id=”13377″ ][/dflip] The Nexus Of Terrorism And Economics [dflip id=”13380″ ][/dflip] The Future Of Sustainable Energy […]
- [Events](https://ecosocsrcc.com/events/): Shri Ram Economics Summit “Asia’s Largest Undergraduate Economics Summit” From hosting exceptional speakers to organising numerous competitions, SRES drives curiosity, knowledge and discourse in the field of economics. View More Shri Ram Research Festival The Economics Society, SRCC is proud to present the Shri Ram Research Festival, a research symposium instituted with the aim of adhering to and amplifying a drive for unique, authentic research. In the previous editions, we witnessed participation from more than 1700+ students in multiple events and had the privilege of hosting various renowned members of academia including Dr Pulapre Balakrishnan, Dr Ashoka Lahiri and Ms […]
- [Publication & Podcasts](https://ecosocsrcc.com/publication-podcasts/): Artha Artha is SRCC’s Annual Economics Journal. A culmination of research, opinion and ideas, Artha serves as a testament to the legacy of our society. View More Ceteris Paribus Ceteris Paribus is an online hub of diverse, thought-provoking articles spanning a wide spectrum of subjects catering to the interests of anyone in academia. View More Podcasts The Economics Society’s podcast series, Decoded, endeavours to expand the scope of policy discourse by fostering the exchange of diverse perspectives and ideas. Uncoined, previously identified as Decoded, seeks to enrich the field of Economics by integrating disciplines such as History, Geopolitics, and Political […]
- [Data Lab](https://ecosocsrcc.com/data-lab/): Project Jaankari Project Jaankari is our flagship project with its roots in primary data and research. The project’s main aspects include data collection through on-ground surveys. This data is then analysed using relevant tools to come up with policy suggestions based on the results. View More Indices Health Infrastructure is one of the basic pillars needed to sustain a country. This index measures the conditions of basic healthcare facilities in various states keeping the performance of other states in perspective, with the potential and vision to help the states become better performers. View More Data Reports Leveraging secondary data to […]
- [Research](https://ecosocsrcc.com/research/): Research Reports Amidst a rapidly changing world order, an inquiry into the China-Taiwan conflict becomes extremely crucial, considering China’s rapidly escalating influence across the world. While the Taiwanese people struggle for sovereignty, their deep-rooted ties to China stand as an impediment to their dream. Our research report explores this issue, providing a multitude of insights. View More Research Papers As time has progressed, the capabilities of terrorists and criminals have advanced with the refinements in technologies, which has proved to further exacerbate the difficulties in pinning down sources of funding for their organizations. Through this brief, we aim to understand […]
- [About Us](https://ecosocsrcc.com/about-us/): One Society.Infinite Possibilities. The Economics Society, SRCC is a student-run think tank intertwined with the core principle of academic research enshrined within the institution. In its pursuit of knowledge, the Society spearheads diverse initiatives, from primary data projects and academic journals to comprehensive policy and research reports, intricate data analysis, and interactions with luminaries and organisations. As one of the oldest societies of Shri Ram College of Commerce, we proudly carry the torch of our rich legacy of 50+ years towards a future of infinite possibilities. One Society.Infinite Possibilities. The Economics Society, SRCC is a student-run initiative intertwined with the […]
- [Privacy Policy](https://ecosocsrcc.com/privacy-policy/): Who we are Suggested text: Our website address is: https://ecosocsrcc.com. Comments Suggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the context of your comment. Media Suggested […]
- [Homepage](https://ecosocsrcc.com/): The Economics Society, SRCC One Society.Infinite Possibilities. The Economics Society, SRCC is a student-run initiative intertwined with the core principle of academic research enshrined within the institution. In its pursuit of knowledge, the Society spearheads diverse initiatives, from primary data projects and academic journals to comprehensive policy and research reports, intricate data analysis, and interactions with luminaries and organizations. As one of the oldest societies of Shri Ram College of Commerce, we proudly carry the torch of our rich legacy towards a future of infinite possibilities. Read More The Economics Society, SRCC One Society.Infinite Possibilities. The Economics Society, SRCC is […]


[comment]: # (Generated by Hostinger Tools Plugin)