Lucky to not to understand Economics@Yellow metal in India yet be a part of this nation of paradoxes and unconventional actions
Every time I try to comprehend the intricacies of Economic theory in terms of its application in Indian economy …I get bewildered as many assumptions seems hazy when applied…My today’s experience@marketplace in Ranchi(capital city of Jharkhand) was one amongst many. Ranchi is comparatively a small or micro model to analyse as compared to big metropolitan cities of Bengaluru, delhi, Mumbai….but nevertheless this micro observation of mine made me reanalyze the dynamics of market forces. Today india celebrated Akshaya Tritiya – a hindu/Jain festival . The word "Akshaya" means the never diminishing in Sanskrit and the day is believed to bring good luck and success. Nowadays jewellers have turned the purity into a marketing gimmick. The day is considered auspicious for purchasing gold or jewellery( as it is believed that it will bring prosperity for life). I was really moved from the morning itself with the whole page advertisements by Jewellers (with attractive offers like 5