Shreyan Ghosh
Bio
Am a graduate with major in economics. I love to read and portray my views and opinions on that matter via writing.
Stories (3/0)
The ever-increasing fuel prices in India.
India is not new to inflation, especially when it comes to fuel prices. The ever-increasing petroleum and diesel prices are taking a steep upward ride in recent times. Currently, petroleum and diesel prices stand above Rs.100/L in almost all the states. It’s well above 100/L in all the metropolitan cities. As of 1st November 2021, the oil prices have increased for the sixth consecutive day. Diesel prices have gone up 30 times in the last 38 days. Every 6 a.m. in the morning new prices become applicable and it changes every day. The increase in recent times is almost frightening.
By Shreyan Ghosh2 years ago in The Swamp
Cryptocurrency
Cryptocurrency, as we all know is one of the most relevant topic in today’s world. The debate over whether cryptocurrency can be accepted by a country as a substitute for fiat money, or be simply accepted as a form of asset is the center idea of this topic. Similarly whether a developing country like India will benefit from cryptocurrency or not, is a major concern.
By Shreyan Ghosh3 years ago in The Chain
Income Inequality in India
Income inequality in simple terms means unequal distribution of income and wealth among the citizens of the country. In India it has been there and it has grown over the years to what is now. And in the recent years it has taken a significant upturn. The Gini Index of India (a measure of income distribution of inequality) is 35.7 in 2021 and it was 35.2 in 2011. Currently, the richest 1 percent of India holds more than four times the wealth of 953 million people who make up for the bottom 70 percent of the country’s population. Another astonishing fact is, in the year 2019, the total wealth of all Indian billionaires (63) combined was more than the union budget of the year 2018-19. Currently in 2021 there are 179 billionaires in India. Its astonishing how a country as poor as India has so many wealthy people. In 2000, according to Credit Suisse data the richest 1% owed 36.8% of the country’s wealth and it kept on increasing. In 2016, the richest 1% of India owed over 50% of the country’s wealth. Quite evident that over the years income inequality has kept on increasing. The richest individuals have steadily kept on increasing their share of the pie. The combined individual wealth of India makes it among the 10 richest countries in the world but in reality the majority of the population is relatively poor. Thus showing the extent of inequality of income and wealth. On regular basis, thousands of Indians fail to eat a proper meal three times a day. The Global Hunger Index 2020 ranks India at 94 out of 107 countries. According to recent Global hunger index India ranks lower than Pakistan. Over the years it’s simply the case the rich are getting richer and the poor, poorer.
By Shreyan Ghosh3 years ago in The Swamp
