An attempt to make economics easy to understand
Dr. Garima Dhir 
Opportunity Cost Meaning Opportunity cost is the benefit foregone or loss of value that is incurred when one alternative is chosen over the other. Mathematically, opportunity cost is the difference between the expected return from option foregone and the expected return from the option chosen. Looking at opportunity costs, might help you make better investment … Read more
This is a series of conversation between two Economists, Akhilesh Verma and myself, Garima Dhir as we try to unravel and simplify various concepts of economics. Before we get into the specific concepts of Economics, we would want to start this series by discussing the Genesis of Economics – that is, What is economics? How … Read more
Stagflation Meaning Stagflation is a made from joining two word – Stagnation and Inflation. A country is said to be in stagflation when it is facing slow growth, reflected by high unemployment (stagnation) along with a rise in prices (inflation). Typically, when there is a slowdown in the economy, unemployment is high, consumer demand is … Read more
Inflation Definition Inflation is an increase in prices, or more generally, how expensive it has become to purchase certain goods and services over a period of time. If there a rise in inflation, you would be able to buy lesser from say $100 than you could a year back. How is Inflation Measured? Since … Read more
Globally, prevalence of overweight and obesity is on a rise, such that obesity rates have now overtaken hunger rates in many countries. World-wide 39% of the adults, population 18 years and above, are overweight and 13% are obese (WHO, Global Health Observatory Data). Last 2 decades have also seen a rise in overweight and obesity … Read more
Sustainable Development Goal (SDG) 5 focuses on “Achieve[-ing] gender equality and empower[-ing] all women and girls’, and recognizes that ‘women and girls, everywhere, must have equal rights and opportunity, and be able to live free of violence and discrimination”. With the aim of empowering its women and brining in gender equality, India in 2015 adopted … Read more
What are Global Value Chains (GVCs)? In this interconnected world, trade is now driven by multinationals operating in different countries. This is what forms the basis of Global Value Chains (GVCs). GVCs refer to interlinked production processes wherein stages of production are off-shored to other countries, that are able to undertake that particular task in … Read more
In her speech, India’s Finance Minister (FM), Ms. Nirmala Sitharaman, highlighted that Budget FY22 is unique as it follows a global contraction caused due to Covid-19. To pull the country out of a slowdown, several noteworthy instruments have been laid out in the six pillars of the Budget, along with certain taxation measures. While there … Read more
The Indian Union Budget 2021-22 was tabled in the Parliament on 1 February 2021 by Ms. Nirmala Sitharaman, Finance Minister of India. Given below is a summary of the budget in two simple infographics. Part A of the Budget lays down the path for India to recover from the contraction that it is facing due … Read more
Recently released data by the National Crime Records Bureau (NCRB) on crimes in India for 2019 shows that on an average 1,111 cases of crimes against women were recorded per-day in 2019, with a cumulative of 4 lacs+ cases in the year. About 50% of the total crimes against women were concentrated in 5 states … Read more