Financial Economics

The novel Corona Virus is also known as the COVID-19 is the newest member of the Corona Virus family. This virus has been first discovered in Wuhan, China. This COVID-19 now has spared worldwide and impacted around 787,000 and 38,540 casualties have been reported (Till the date). This virus has been reached on every continent of the globe. Europe has now become a new battleground. People are dying daily and WHO has declared coronavirus as Pandemic. As the world is trying to revive from this virus, the world economy is starting to feel the impact of the coronavirus. The developed economies along with the developing economies all are facing recession. As per experts, the worst is yet to come. Many people are comparing this recession with the recession of 2008. As per the ILO (International Labour Organisation) almost 25 million people are likely to lose their jobs due to the crisis. So how a virus lead the world economy into crisis and cause an axe on 25 Million people job? In th...

India becomes the 6 th largest economy (Regarding Nominal GDP) in the world. This news is on the headline in the last couple of days, but we really did it? Let’s talk about this on this blog. This news is first declared by IMF in April, and now World Bank also declared it. India’s GDP is $2,597 Trillion compare to France’s GDP is $2,582 Trillion. So statically India is in front by a minimal amount, but there is no reason to celebrate this as in many other terms we are still way behind France and other Super Powers to understand this we will talk about different aspect of the indicators 1.       Per Capita Income                                Per capita income measures the average revenue earned per person in a given area.  Per capita income shows peoples earnings. In this India is way back compared...