Financial Sorcery

The Boom of EdTech in India  As a result of COVID-19, which wreaked havoc across the globe in the last two years, we witnessed a significant transformation in curriculum development and pedagogy. We have transitioned from thinking to actually being digital, which has resulted in the development of various EdTech products and services offering amenities such as one-on-one tutoring, mentoring, exam preparation, and so on. As a result, concerned students and their worried parents turned to online educational platforms. This led to significant growth for edtech firms such as Byju's, Vedantu, Toppr and Unacademy, which saw a significant increase in traffic share during the lockdown. However, with traditional education returning and campuses buzzing with activity, these EdTech platforms have seen a significant reduction in demand for online learning, forcing them to cut costs, lay off employees, and make changes such as establishing online physical tuition centers. Byju’s burns 2 ru...

A tale of disparities also emerged in the approaches taken by the richest and second-richest Indians. Mukesh Ambani, the second richest, engaged in a deleveraging (the reduction of debt) drive to safeguard his company’s zero debt status, which involved giving up holdings in the group's future-facing areas of technology and retail. In contrast, Gautam Adani, the richest, continued on an expansion spree powered by debt. Over the previous five years, debt held by the Gautam Adani-led Group has climbed from Rs. 1 trillion to Rs. 2.6 trillion, driven by the expansion of various ventures which include investments in renewable energy, procurement of transmission business, and venturing into more recent areas such as data centers, airports, and motorways (Adani Enterprises). Will it survive in the long run? Although the markets appear to be optimistic in the group, history, being the most effective teacher, declares that Reliance Power and Reliance Infra in 2015–16 had identical leverage m...

  According to IMF projections, India has overtaken the UK to become the fifth-largest economy in the world, trailing the US, China, Japan, and Germany. To evaluate India’s economic growth, over the past decade India acquired the 5th position from 11th, while the UK remained at the 5th position for the past decade. This has been expected for some time. Bloomberg came to this conclusion by using the dollar exchange rate on the last day of the relevant quarter. The UK's nominal GDP for the April-June quarter was $763 billion, much below India's $823 billion GDP for the same period. India's economy is growing by 7% while the rest of the world is heading into a recession. Over a significant period of time, the real and nominal growth rates of the Indian economy have outpaced those of the UK. India's economy has expanded nominally at a pace of 5.71% CAGR, compared to the UK's GDP, which grew at a meagre 1.76% over the last decade Inflation rates of 10% in the UK, 9% in t...