The Indian economy may be progressing towards normality after being battered by the COVID-19 pandemic. Still, the job market is witnessing tightness, mainly in contract-based employment sectors.
According to a report by the Indian Express, right after being whacked by the second wave of the pandemic, India's Gross Domestic Product (GDP) contracted by 7.3 per cent. The report claims it was the worst shrink ever witnessed since the finance ministry started collecting GDP data in 1996. There were many reasons for these economic pitfalls. Approximately 10 million migrant workers lost their jobs during the lockdown and returned to their hometowns.
Dazed and confused
Since then, there has been chaos, confusion and abruptness. While we become normal to the ‘new normal, surpassing this new phase where innumerable things are virtual is difficult for many. Scores of Indians are still struggling to get used to it and find a decent source of employment in the virtual world.
While all of this is happening, the same report also claims that the country hasn’t been able to manage a proper database system to trace out information regarding the number of job losses in India, especially in the case of migrant workers. Now, why did that happen? Do we not have enough experts and economists to trace that? Where are we lacking?
What India really needs
In the last two years, India has made concerted efforts to revamp the economy and bring businesses back to the same track. However, it does need economic reformers and experts to set the seal on feasible and comprehensive growth. Imagine what changes one educated, informed, and intelligent person can make in a country of 1.4 billion people? So, start with investing in economic courses, maybe?
B.Sc. in Economics
Shiv Nadar University, Delhi NCR, offers B.Sc. in Economics to students who have a knack for numbers, statistics and the geopolitical world. The undergraduate program is offered by the University’s School of Humanities and Social Sciences (SHSS). In the undergraduate course, students have the liberty to choose from multiple subfields. These include game theory and industrial organization, development economics, political economy, public economics, environmental economics, macroeconomics, international trade, labor economics, money and banking, etc.
What makes B.Sc. in Economics unique at Shiv Nadar University, Delhi NCR? Why should you opt for it?
●Students study core components of Economics to build a strong foundation in the subject. These components include opportunity price, financial markets, equilibrium, comparative advantage, inflation & growth.
● Students develop a solid understanding of the optimization tools used in Economics. They would also be able to use these tools to solve problems in Economics in their professional lives.
● B.Sc. in Economics students gradually learn to showcase graphic insights, trace accurate data and use statistical and econometric tools to analyze information data.
● Students acquire programming skills and knowledge of statistical software packages used in the discipline.
● In the three-year program, students are encouraged to pick up one course on calculus probability, statistics and programming.
●Shiv Nadar University, Delhi NCR believes in transcending research-oriented education in today's practical world. Students must complete an undergraduate thesis project as part of this course.
● Upon completion of the course, B.Sc. Economics graduates can build their careers in the government, non-government, public and social sectors.
For more accurate details like B.Sc. Economics course structure, spend some time on the official website of Shiv Nadar University, Delhi NCR.
The future can be green
Did you know the country lost $2.9 trillion during the COVID-induced lockdown? It largely survived on a slew of essential services and activities. But, as shops, stores, food outlets, workrooms, traveling services and business firms were closed, the country-wide shutdown brought taters to the economy. And the worst affliction was on the informal sectors. We still do not have data on how many lost jobs, have jobs or are trying to seek jobs. Maybe we can fix this fiasco with the correct data, resources and insights. If economics is your thing and you want to achieve something in the subject, maybe start with helping your country?
The future can be green if you want…
