Gold Chain

After successfully completing PreDegree course from Government College Trichur I got admission for BA Economics programme in ST.Thomas College Trichur. Many friends and class mates used to discuss about the available job opportunities particularly in private sector banks and different methods of acquiring the job through influence  by  way deposit mobilisation  efforts or influencing through  bank Directors .There were at least four Trichur based commercial banks at that time and those who managed to get the job at that young age were able to retire as Assistant General Manager and above. I was not having either the resources,influence or even willingness to procure  a bank job .So I decided to continue my studies even after under graduation. My original ambition was to become a lawyer. My own classmates PV Ramachandran and Ashok Menon from ST.Thomas College who opted for Law Later became Public Prosecutor and High Court Justice respectively whereas my seniors f...

  It is an irony that the 2022 Nobel prize in Economics were shared by three prominent American Professors-Ben S Bernanke, Douglas W Diamond and Philip H.Dybvig for their critical and rigorous research works on banking collapses and their impact on the macro and global economies as against  confronting with a similar situation in the US economy right now.Nobel laureate  and former US Federal Reserve chair person Ben Bernanke applying a combination of historical sources and statistical methods found that bank runs happen when people who have deposited money in a bank become worried about the bank's survival and consequently rush to withdraw their savings. If more people do it simultaneously then bank's reserves cannot cover all withdrawal and obviously it lead into bankruptcy and consequently it may lead to recession or depression.The economy did not recover unless and until the state implemented drastic preventive measures to prevent further bank panics. Douglas W Diamond...

  Three decades of globalisation have drastically changed the nature and structure of world economy with rapid integration of large emerging markets into the global production process and system .                    China has been in the forefront of manufacturing for three decades as indisputable "World's factory" and operating as the centre of global supply chains . However persistent trade war between USA and China along with Covid19 pandemic and the Zero Covid policy followed by Chinese Government have adversely impacted many manufacturing firms.Zero Covid policy in China has resulted in industrial lockout and supply chain disruptions. The term China-plus one or just plus one was coined in 2013 as a global business strategy mainly by multinational companies already invested in China who wish to relocate from China to  other countries.  China- plus - one or just plus one refers to a strategy in which companies avoid inv...

 As per the GDP (sum total of value of all goods and services produced domestically within the country)estimated by National Statistical Office the third quarter GDP (October-December 2022)of India recorded slow growth of 4.4 percent.NSO also estimated that 2022-23 GDP growth will be 7% well on the track.NSO has revised the preceeding year's (2021-22)growth at a higher level of 9.1%.As per NSO second revised estimate for the covid hit year 2020-21 the contraction estimated to be -5.7% as against-7.3% shown in the first provisional estimate. According to Chief Economic Advisor Anantha Nageswaran India is on the right track to achieve 7% growth for the full fiscal  year 2022-23 for which we just need a growth rate of 4% in Q4 to achieve a 7% growth. Though the CEA was confident about 7% growth, he also listed down side risks like-global growth outlook slowing down from 3.4% in 2022 to 2.9% in 2023 as per IMF's revised World Economic Outlook on account of synchronized monetary ti...