Volume 5, Issue 1 & 2, 2020-2021



STRIDES – A STUDENTS’ JOURNAL OF SHRI RAM COLLEGE OF COMMERCE

Volume 5, Issue 1 & 2 2020-2021 ISSN 2581-4931

RESEARCH PAPERS

Effects of Globalization on the Indian Health Sector

Author : Vidhi Sethi

Mentor: Dr. Hijam Liza Dallo Rihmo

Abstract

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Globalization is the integration of world economies into a common global economy. It has far-reaching effects on the healthcare sector. In a country like India, where around 23% of the population lives below the poverty line, adoption of neo-liberal policies after the 1991 economic crisis, has had both positive and negative impacts. Though the overall figures have improved exponentially, a major section of the society still doesn't have access to proper healthcare owing to the scarcity of hospitals and dispensaries in rural areas and the exorbitant charges of the private hospitals. The out-of-pocket expenditure forces the poor to incur debts or even sell their assets. There is a clear development of consumerist culture where only those who have resources can access good healthcare and those who don't, are at the mercy of Government run hospitals and dispensaries, which often lack basic infrastructure despite the fact that health is a fundamental right of every human-being, irrespective of social status. Medical tourism is a sector that has developed due to globalization and the ability of people to travel to foreign countries to seek medical attention. India is a major player in this industry due to its low cost and high-quality services. The growth rate of the medical tourism industry is around 25% and this attracts a lot of Foreign Direct Investment (FDI) from Non-Resident Indians (NRIs). The country is able to generate a lot of revenue through this industry which it uses in its further development rather than the development of the public health services unlike the Cuban government which uses the revenue generated to provide free treatment to its citizens and some allied nations. This paper is an attempt to analyze the shortfalls in the Indian Health sector and measures to improve the prevailing situation.

Will America Sustain the Wave of Automation?

Author : Anmol Bhagat

Mentor: Mr. Soumitra Kumar Choudhary

Abstract

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Artificial Intelligence is at its peak and it's growing day by day. The expansion of AI and Robotics has reached in each and every profession and AI has taken those jobs which were previously considered uncomputerizable. The paper takes you through historical references of automation and how the transition took place at that time. The effect of the Corona Virus pandemic on Business automation and how it will shape the future of jobs is also taken into account. The Critical analysis of The United States on ARI (Automation Readiness Index) tests the capability of preparing its workforce for the coming wave of automation. The paper proposes the necessary changes in the Education policy of The US which should be implemented to reduce the job loss of workers.

Recycling Hoax

Author : Ashish Kumar

Mentor: Mr. Soumitra Kumar Choudhary

Abstract

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Plastics are the best invention of human history. Plastics are the worst invention of human history. From cars to airplanes, electronics to medical equipment, furniture, and food packaging, plastic permeates every aspect of our lives. Its production skyrocketed – from just 2.3 million tonnes in 1950 to 162 million tonnes in 1993, which more than doubled to 448 million tonnes by 2015, and half of all plastics ever made have been produced since 2005. The sheer volume of plastic has overwhelmed the waste-management systems all across the world, they have simply reached their saturation point. Today, plastic is present on almost every surface of the planet – from the deepest abysses to the highest mountains and remotest islands – causing an unprecedented crisis for wildlife. It is the durability of plastics that makes them an industry choice for packaging but also makes them a nightmare for the planet. They have become infamous for choking, ensnaring, and poisoning everything from plankton to porpoises. A staggering 79% of whatever plastic is produced in the last 50 years has been directly thrown into landfills or open landfills. The question which arises is how did we end up here? This paper is a comprehensive study about how the plastics and petrochemicals industry of the 1970s and 1980s knew that the world was heading into a global waste crisis and remained quiet and promoted plastics recycling as a solution to this growing problem. In the other half of the paper, we observe a timeline of actions taken by two of the world's biggest economies China and India and see how they have approached their share of this crisis.

The Role of Corporate Social Responsibility towards Sustainable Education with reference to the FMCG companies

Author : Nikunj Singhal & Aastha Garg

Mentor: Ms. Ruchika Chaudhary

Abstract

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The economic success of developing countries like India is directly proportional to the quality of education. Since Independence, India has improved a lot in the education sector but there is still a need for greater accountability and transparency with the increased role of schools and colleges to foster the development of children. FMCG companies have become an integral part of our lifestyle as they have a great propulsion on the lifestyle of Indian citizens. This paper is to provide an overview on ingenuity and activities undertaken by FMCG Companies in the education sector. The data has been extracted from the annual reports and CSR policies of various FMCG companies. The study reveals that though education has been the sector of focus of CSR policy of many FMCG companies, there is still a need for more active actions to achieve the goal of 'Education for all'. Some companies are yet to see CSR as social responsibility rather than legal obligation.

Covid-19 and Mental Health of Adolescents

Author : Dipali Nishad

Mentor: Mr. Ashish Gautam

Abstract

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The novel coronavirus (Covid-19) pandemic has portrayed alarming results on every adolescent’s emotional and social functioning. However, more prospective studies are required to detect the exact magnitude of the impact. The motive of the study is to understand the mental health of the adolescent in COVID-19 pandemic and to determine the diverse factors that influenced their psychological health. This research paper used the narrative approach. The data is collected from various articles, research papers, books and theories as a framework to uncover the global mental distress of pandemics in children. The Covid-19 pandemic took an unprecedented toll on the mental health of adolescents. The fear of contamination, loss of loved ones, lockdowns, grief, domestic violence, no outdoors, no physical activities, overuse of mobile phones, increased internet surfing, scrolling social media feeds, poor economic conditions were the factors influencing the mental health of adolescents. The pandemic resulted in increasing psychological, stress, post-traumatic and anxiety disorders. Pro-active efforts by counsellors at educational institutions and family members are required to support the psychological health and welfare of the youth. More specific research is required on youth mental disorders during the time of pandemics.

Cryptocurrency - The Rise of Tokens

Author : Aayush Jain & Ishika Kamani

Mentor: Ms. Kinneri Jain

Abstract

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Ever since bitcoin, the pioneer anarchic cryptocurrency gained momentum in 2019, the attention to the market has drastically increased. A number of currencies have come up bringing with them a huge number of investors. This paper seeks to provide a concise yet comprehensive analysis of the basics of blockchain technology and the growth of cryptocurrency over the years. It takes you through the timeline of evolution of the industry along with how the bank issued currency differs from this currency. With particular analysis of Bitcoin, the first decentralized cryptocurrency, the paper also highlights investments in various countries. It presents the government stance on this trending topic across the world along with problems and a description of the networks on which it works.

Population Trends in India: Demographic Dividend or Demographic Drag?

Author : Nirikta Mukherjee

Mentor: Dr. Ravi Kant

Abstract

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Being the world’s second-most populous country, India’s rapidly rising population is certainly a unique feature for the country. India’s economic growth story is also of importance as it is a developing nation and one of the fastest-growing economies. While some argue that the rising population is a menace for economic growth in India due to the decline in capital per worker, this paper aims to analyse how a growing population can have a positive impact on the nation’s economic growth. To facilitate this objective, the paper focuses on the demographic transition experienced by India and the various aspects through which the country can reap its demographic dividend. However, there exist certain obstacles that may convert the demographic dividend into demographic drag, making population growth a burden over the economy. The paper also takes into account experiences from across the globe in the form of empirical evidence and studies various policy implementations necessary to take advantage of the demographic dividend.

An Analysis of Thrift Industry in India

Author : Pragati Agrawal, Tanya Goel & Prachi Yadav

Mentor: Dr. Monica Bansal

Abstract

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Growing concerns about worsening climatic conditions have created a need to revolutionize the way industries have been working traditionally and in the wake of this fashion industry has undergone a major change too. The inclination towards thrift culture is increasing across the globe and the same prompts this study. It focuses on the emergence of thrifting practices and assesses the scope of its future in India. The paper analyses the existing and potential demand and supply aspects of the thrifting industry by conducting a survey, and the theoretical and business models further support the observations. It also involves understanding the marketing practices, sourcing strategies, and plans adopted by various budding second-hand retailers to lead their business. The research concludes by highlighting the existing challenges in the industry and recommendations for overcoming those challenges. This paper focuses on understanding customer/seller psychology through conducting primary research in the form of questionnaires and interviews. This study also inspires and encourages other researchers to conduct future studies by utilizing the findings from this study.

Discussion of the Link Between Air Pollution and Economic Growth in Indian States

Author : Rajsi Sah & Prachi Yadav

Mentor: Ms. Anushruti

Abstract

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The paper discusses the global scenario of environmental pollution and its impact on society. It builds the link between environmental pollution and economic development by reviewing the existing academic literature. Further, we discuss the level of air pollution in India, particularly PM10 concentration, and its effect on the states' economic activity using panel data regression. The paper concludes that the increasing PM10 concentration has a negative impact on the state net domestic product, thus on the states' economic activity.

The Nexus Between Economic Growth and Public Outlays and Deficits in India: An Econometric Analysis

Author : Somya Garg

Mentor: Dr. Ravi Kant

Abstract

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In recent years there has been a slew of debate about the impact of fiscal deficit on GDP growth. Different theories describe different processes behind this impact, thus creating contradictory results in terms of magnitude and even the direction of the impact. This paper examines the relationship between fiscal deficit and GDP growth rate in the Indian economy. We also determine whether the capital expenditure is more successful in boosting economic activity than revenue expenditure as propounded by many. The study conducts a regression analysis using data covering the period of 1978-2019 by using the Autoregressive Distributed Lag (ARDL) and Error Correction Model (ECM) technique. Both the long-run and short-run analysis is done. The results of the study showed that both the revenue expenditure and capital expenditure positively impact GDP growth rate in the long run whereas fiscal deficit does not have a significant long-run relationship with GDP growth.

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