Author: Aarya Pillai
-
India’s Pharmaceutical Leadership in Global Value Chain
India’s pharmaceutical industry has undergone a remarkable transformation over the past quarter-century, growing from a modest USD 3 billion in 1999-2000 to an impressive USD 55-58 billion today. With projections suggesting the sector could soar to USD 130 billion within the next five years, India’s pharmaceutical landscape is emerging as a cornerstone of the nation’s…
-
Indian Semiconductor Mission chipping in amid global supply disruptions
Semiconductors are unarguably the arc reactor of the technology-driven world we call home today. Hence, it goes without saying that any nation that can harness the manufacturing capabilities of semiconductors will position itself as a major influence in geopolitics and global progress. They power virtually all lifelines of the economy- transport, communications and the internet.…
-
Whose Vote Matters in the American Elections? Relevance of the Median Voter Theorem
It’s election season for Americans, meaning that there is discussion galore about who will emerge victorious in what seems to be a closely contested election so far. Social choice theory has quite a bit to say in this regard. Over the years, several theorems have been developed to understand what really is the equilibrium position…
-
The Nobel Prize in Economic Sciences 2024: Highlighting How Institutions Make or Break Societies
The Sveriges Riksbank Prize in Economic Sciences in the Memory of Alfred Nobel is arguably the pinnacle of recognition that an economist can achieve in their lifetime. Many noted economists vie for this coveted spot, but few are bestowed the honour. At the press conference on 14 October declaring the 2024 winners, Professor Hans Ellegren,…