Is China heading towards the next financial crisis? A case study of the parallels between the pre-crisis US Economy and Chinese Economy
Author : Madhurima Khosla
Mentor: Mr. Harish Kumar
This paper analyses the recent trends in Chinese Economy of rising credit and increasing property prices which herald the possibility of a financial crisis in China. Though the conditions of rising housing prices and increased penetration of shadow banking activities, bear resemblance to those in the pre-crisis US economy, differences exist in the intensity and complexity of situations in the two economies. A comparative analysis of the parallel trends between the two reveal that the situation in pre-crisis US economy were far worse than in China at present, giving the Chinese authorities the scope to control prices in the real estate sector and rein the unregulated shadow banking activities. The authorities are not in a state of denial but acknowledge the worrying trends and have also come up with reforms and regulations in the concerned areas.
Structural Changes in The Russian Economy
Author : Parth Verma & Prajwal Gupta
Mentor: Mr. Avinash Kumar Jha
The article critically examines the factors that've worked together to influence the interest rates (lending and borrowing) in Russia. The data set contains data from 2011-2015 on various economic parameters such as GDP, external debt, imports and exports etc. that have been analyzed to examine their influence on the movement of interest rates and the regression analysis has been performed for the same. Variation in movement of interest rates in an economy owes to its characteristic features and economic indicators. We also then discuss how the Russian economy has possibly set itself on the path of export intensive growth and its possible implications as well as the application of Policy Trilemma in Russian context.
Aftermath of Demonetization in India
Author : Arshnoor
Mentor: Dr. S.K.Bohidar
The paper looks at the post-demonetization effect in India from an analytical perspective. Hailed as a “radical step” in the annals of the country's economic and monetary history, demonetization is believed to have changed the future economic path of the country. In this paper, certain key economic indicators are identified and the ex-post effect of demonetization on such variables is examined. The analytical study reveals that the stated objectives like eradicating black money and counterfeit currency have been poorly targeted. Moreover, the informal sector has paid a heavy price for the radical experiment, whose effects have been aggravated by procedural and structural lags in its implementation.
The Ripple Effect of a Strike
Author : Shiv Kumar Bansal
Mentor: Mr. Amit Sachdeva
Though every strike or lockout that is initiated by labour employees directly affects the industry's production capacity, the ripple effect of such a movement is cosmic and engulfs several entities. Since it is quite difficult to quantify the real impact of such a movement, it often escapes the human eye. A strike has a multiplier effect and not only does it harm but also benefits several parties. Through this article, I am trying to throw light on the ripple effect which is caused by a strike and thus, highlight the magnitude of its effect on various entities.
PIIGS: Same Same Yet Different
Author : Akanksha Burman
Mentor: Ms. Richa Goel
“Eurozone 'piigs' are leading us all to slaughter”
The global financial crisis of 2008, along with causing a massive financial turmoil in economies around the world, added a new country acronym to our alphabet soup- PIIGS. It represents the countries at the epicentre of the European Debt Crisis- Portugal, Italy, Ireland, Greece and Spain. Infamous for the substantial instability of their economies, these countries have become a serious concern within the European Union and the rest of the world. The article traces the diverse causes of financial turmoil in these nations amidst a monetarily unified Europe.
Internal Migration in India: Causes and Consequences
Author : Bipul Verma
Mentor: Dr. A.J.C.Bose
For the past few decades, there has been rapid increase in population, with population growth being more dramatic in the cities of developing countries. Proportion of total population living in urban areas is expected to increase to 66 per cent by 2050, with the largest urban growth taking place in India, China and Nigeria. By 2050, India is projected to add 404 million urban dwellers, China 292 million and Nigeria 212 million. The article analyzes the contribution of internal migration to the urban population boom and further looks into the causes and their theoretical justification. With facts and figures from the Indian context, the article also examines the consequence of internal migration in social and economic terms and tries to suggest some policy measures.
Bolstering Talent Acquisition- Concept of Employer Branding
Author : Pashmina Uberoi
Mentor: Monika Bansal
To sustain competitive edge in today's rapidly changing environment, organisations are looking beyond perishable product wars and financial asset management, and are instead leveraging synergies to create people based advantage through employer branding. To retain and attract the millenniums, it is important to gain insights about their requirements and become an employer of choice. Identifying strategies to address this skill shortage has become imperative. For marketers, the impact of potential skill shortages poses a significant strategic challenge. The essence of this holistic concept lies in improving employee experience by aligning the brand ethos with employees' personal objectives. In context of the above discussion, this study aims to discover the importance of employer branding, constituents, drivers and ways to infuse employer branding in organisations. This premise has its implications for HR practitioners and strategists.
The Effect of Demonetisation on Inflation in India
Author : Sakshi Kumari
Mentor: Dr. Rachna Jawa
This article throws light on the divulgation of demonetisation and its impact on inflation. The key motive behind demonetisation was to control the huge amount of black money in the economy. The government's tough decision impacted the trend of inflation in the country which has been analysed for the financial year 2016-17.
Demographic Dividend of India- Is it Just a Mirage?
Author : Deepika
This article primarily talks about the concept of demographic transition, the demographic dividend and highlights major challenges that India faces in terms of utilising this dividend –lopsided development in states, gender disparities, jobless growth and poor infrastructure, by challenging the various assertions made by the Economic Survey 2016-17 which paints a rosy picture of a grim situation.
UBI: Old Wine in a Fancy Bottle
Author : Shivangi Gupta
Mentor: Ms. Reena Chadha
The entire concept of UBI has gained a lot of stars and stares in the last few months. What runs in every mind is whether this acclaimed to be a new system is actually new or just and old thought put forward in fancy words and promises. On the face of it, the current designs of UBI haven't catered to the actual problem of poverty in the way they should, rather it only proportions additional expenditure on solving it. The question is whether it actually provides an add on benefit or is it a compressed form of whole gamut of welfares provided by the government. What one needs to ponder over is whether it's really needed now and would it reap the benefits as projected.
Spectrum of Indian Politics
Author : Bharatendu Verma
Mentor: Mr. S.K.Aggarwal
Politics evokes strong emotions; some people like politics, while some others do not. But, politics cannot be wished away. Politics and economics are two most powerful factors influencing the lives of the societies and their members.
During last few centuries, the focus of political discourse has been the individual and their welfare. Apart from the ruler, the ruled also attracted the attention of political thinkers. Those who advocated change in political discourse to bring in the people in the centre-stage got to be called the 'Left', and they dubbed the traditionalists as the 'Right'. The 'Left' occupied primary space in the political discourse during the last century.
The Trump Card
Author : Arshya Aggarwal
Mentor: Amanpreet Kaur
Americans this election season made a lot of room by consistently breaking through glass ceiling and hitting rock bottom, some people also went ahead and called it the season finale of the United States of America but no American or citizen for that matter could restrain themselves from calling it what it most likely appeared to be – “A Catastrophe”. The US Presidential Elections was more of a farce than a serious manifestation of the most prominenteventacountrycanpossiblyhold. Itisboth extremely hysterical and at the same time supremely saddening to see what elections have come to.
To be or Not to be?
Author : Sanchie Shroff
Mentor: Dr. Anil Kumar
One fine day, India, with its large, energetic population jumps into the 'startup bandwagon'. “Startups” becomethenewbuzzwordforthedecade. Dreamsof heading a start-up gleam in million pairs of eyes.
This revolution has a colossal impact on the lives and practices of customers—a fact that torments established brands and exposes them to the novel 'Startup ways' of doing things. It forces them to change their methodologies of thinking. But over the past few years, everyone seems to get a bit lost in innovation.
The paper brings into light the major differences between a startup and a brand. It then adopts a comparative scenario analysis of the two situations, one where brands do not think like startups and the other where they do. Finally, the paper suggests the best way to drive innovation in the discursive frame of business to adapt to the ever-changing business environment.
This paper hence, tries to answer the poignant question: Is 'thinking like a startup' the best thing that can happen to a business? Is it the time TO BE, OR NOT TO BE?