Why the Underdog Mindset Always Wins

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Indian Cinema Industry Suffering During Covid Situation

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During this Covid-19 situation, Indian Hindi cinema has faced huge losses as well as closed thousand plus cinema complexes permanently and postponed hundred plus hits movies released. Some film projects shout down, while many people lost their jobs not only related to film’s production but also film’s supply chain.  According to a 2020 report from accounting firm Ernst & Young, India had around 9,527 screens out of which there were around 6,327 single-screen theaters and 3,200 multiplexes. Last year, around 1,000 screens shut down permanently. This is the one industry which is already dealing with losses and no one knows when they can recover from the loss.          On March, 2020Hindustan Times reported that Bollywood looking at 1300 corer rupees’ losses due to Covid-19 lockdown. Even they revealed that Bollywood film’s exported to ‘eat each other’s business’ after situation will be normal and film will start to releases theatrically.   ...
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Wealth Gap during Corona Virus Days

For the last 18 months, life has come to a stand still in many countries of the world. So, economic activities have suffered significantly. GDP loss is natural phenomenon. According to Statista : This forecast was already restated to a GDP loss of 4.5 percent. To put this number in perspective, global GDP was estimated at around 87.55 trillion U.S. dollars in 2019 – meaning that a 4.5 percent drop in economic growth results in almost 3.94 trillion U.S. dollars of lost economic output. Excerpts from this report says perhaps the same thing too: McKinsey: How can we start to understand the enduring costs of the COVID-19 pandemic? Eric Achtmann: It’s worth taking a step back just to contextualize the short-term costs. We’re talking about $16 trillion to $35 trillion by 20253 as a potential direct cost of the pandemic. This equates to approximately wiping two years of gross income off the average American taxpayer, assuming a median gross income, or about 5 to 10 percent of a g...
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Welcome to Hobby Economist Blog

  This is my first here. I am an ordinary person. I love economics and business. I like to write a lot and I have been for quite a long time on different topics. So, I hope that some of you will enjoy reading here. Why do we like to write? We like to write because we enjoy it. It is like creating something with words and ideas. We express ideas with words and sentences. This blog will be about economics and business. So, in a way it is not for every one but on the other hand, you can see that my writing is very easy to understand. In other words, I can express my ideas very easily so that most people will understand. Anyway, it is upto you to regularly visit here. If you like then come back here regularly. I believe that to be a writer the only thing that you need to do is to read a lot. If you can read a lot then you will be able to write regularly. Let us come back to the original topic. What can you expect here? I will write about different issues to related global eco...
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