Economy

With petroleum prices at an all-time high, it makes us wonder why only a handful of countries have most of the world’s oil deposits. Taken together, it’s the Middle East countries that have the highest proven reserves of oil. It includes countries like Saudi Arabia, Iran, Iraq, Kuwait, United Arab Emirates, Qatar, Bahrain, Oman and Yemen These countries have around …

If you want to save yourself from the financial catastrophes that adulthood comes with, financial planning is essential. An important part of financial planning is wealth building, wherein investment plays an immense role. This is because your basic salary would most probably be inadequate to meet your savings goals. You would need another source of income; if not that, a …

Although the world is moving towards a fully digital ecosystem, currency notes and coins continue to be widely used. It may take several years to completely replace physical currency notes with digital currency. As everything produced on this planet has a cost associated with it, we often wonder how much does it cost to print currency notes. For answers, let’s …

Answers Economist Dr.Radhika Pandey on Swell. Shares her views on govt. tackling unemployment, India’s need of the hour and more. · Dr. Radhika Pandey, Consultant at NIPF and a key economist, shares her view on crypto currencies as a medium of exchange v/s the RBI’s digital currency plan. · States her thoughts on unemployment levels in India and how the …

The word-of-mouth about Trump’s economy is spreading like wildfire. President Trump leaves no chance of touting about his robust economic strategies in the United States. To everyone’s horror Donald Trump made an announcement suggesting that “trade wars are good”. And further he is going to proceed by imposing 10% and 25% tariffs on aluminum and steel respectively. Although the president …

Hydrogen economy relates to the future, where most of humanity’s energy needs will be met via hydrogen. As is common knowledge, hydrogen is a flammable gas and it can be used to power vehicles, in industries for heat, and for electricity generation. There’s growing interest in hydrogen economy, as hydrogen is one of the cleanest fuels known to mankind. Upon …

The value of currency is dependent on a country’s economy, which means it can appreciate or depreciate according to prevailing economic conditions. This is why currency cannot be termed as the real wealth of a country, especially in the long term. Several factors define a country’s real wealth such as education system, healthcare system, industrial & scientific prowess, economic & …

Tax is often a burden for most of us and we always think about ways to reduce the amount of tax charged on our income. We also have a tendency of complaining about the high tax rate. However, based on where you live, it is possible that people in other countries may be paying a much higher tax rate. To …

It’s obvious that United States is the wealthiest nation in the world, accounting for nearly 30% of the overall global wealth. In monetary terms, that percentage is equivalent to almost USD 106 trillion. Of course, China has its eyes set on becoming a world leader, but it still has a long way to go. China shares around 18% of global …

If we look at per capita oil production, it becomes clear why countries like Kuwait, UAE, and Saudi Arabia are so rich. However, as is common knowledge, the world is transitioning to an all-electric ecosystem. While the previous century was predominantly oil-based, the 21st century will see exponential growth in electric ecosystem. To support this ecosystem, the world will need …