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Financial Crises In Europe

What is the financial crisis? Why does it happen? Developing countries are at a loss to understand why developed countries are facing financial crises. These are the questions that have become common in the last two decades. In a broader sense, financial crises is the inability of a country to generate income and leading it to halt the wheels of the economy. The most important question arises that there are several regulatory authorities around the world that have chalked out modus operandi to drive the economy in a smooth and efficient way. Still countries fail to stand strong and end up in financial crisis. There are two major reasons for this. The first one, is the incompetence of the ruling government and turning blind eye to major problems like tax evasion and corruption. In the long term these string of set...

Will the flight from economic distress beats the fight against COVID-19 virus?

Will the flight from economic distress beats the fight against COVID-19 virus? The economy of India is going to face an output loss of $190 bn(according to Nilesh Shah, MD, Kotak Mahindra Asset Management Company) as the wheels of commerce have been ground to halt. The arithmetic of the GDP of India is about $3 trillion, if it remains shut down for a month with a 100% drop inactivity it will create an output loss of $250 bn but as it is likely to be shut for 47 days it will create an output loss of $190 bn assuming that it will open on May 17. Albeit, there could be a beacon of hope as the oil price has seen a significant reduction due to less demand in the world, it will provide $40-45 bn of benefit in terms of trade deficit this year. Another way to decrease this is to replace China-made goods with India made products, it will create $20 bn benefit in trade deficit. But still willy-nilly it will create $100 billion or thereabouts of output loss which is a signifi...

Jeff Bezos may become the world’s first trillionaire by 2026

In the recent study conducted, by Comparisun, of 25 individuals company analysed, only eleven have the chance to become a trillionaire during their lifetime. According to the study, Jeff Bezos is most likely to become the first trillionaire by 2026 when he will be aged 62. Despite losing an estimated $38 billion in divorce and even more in the pandemic, Jeff is still the richest persons and his net worth growing at a rate of 34% on average to past five years. With a current net worth of 142.8 billion and if the arithmetic goes right he would easily become a trillionaire($1000 billion) by 2026. There are many other names to this list, India richest Mukesh Ambani could become a trillionaire by 2033 at age 75. Facebook founder Mark Zuckerberg could gain this title after 2036 with his current growth rate. Alibaba’s Jack Ma could become a trillionaire in 2030 when he will be aged 65. For the study, Comparisun analysed the market capitalisation of the highest value com...

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