I initially wanted to analyse the economic implications of the Russia-Ukraine war.

I then realised that I

would face difficulties collecting data from primary research making my essay ineffective.
Furthermore, it would not be practical as we would not have been able to make correlations between
the war and economic implications which would be unjust to the research.

While searching for a new topic i was sure that i had to find something that was personally engaging,
and would provide a useful output, i recollected about how the government had introduced the GST
tax. I was then eager to research and understand its implications on the Indian economy.
After the selection of the topic I listed down all appropriate indicators of economic well being and
started to gather data. I was very lenient in my approach and did not proactively consult my
supervisor. This led to it negatively affecting the quality of the essay. I listed down a lot of indicators
and gathered data which was very descriptive.

I developed self management skills, and decided to make my RQ more concise to study its impact on
the textile industry in India. I with the help of my supervisors understood the criteria and then gather
primary research through survey after learning about and using purposive sampling. I then learned
about the limitations and mentioned them that had arisen in the research process.

I have developed better research skills and developed information literacy to find data through
government websites and publish reports/analysis by individuals to get the most accurate information,
moreover development of primary research and how to sample, gather and present information
appropriately is a part of what i learned while performing the analysis.

Overall this process helped me understand I assumed the implications to be very straight forward, how
it is hyphothesised to impact economically, which is different form its real implications that needed to
be studied. How inflation and price wars impact a firms output as a result, is something i had to dig
deep into to gain valuable output.

The economic implications of that were intertwined and linked, which during this process deepened
my perspective of economics subject as a whole to apply the conceptual understanding and analyse
the impact on the firm's output in real life through my extended essay report.

The extended essay taught me how the taxation reform impacted the industry, and how to analyse the
future implications of any major economic decision which will help me in the future in economics or
even in the textile industry being a part of my family business.
In the introduction, the student has appropriately posed the research question and justified its significance for
investigation. However, the data analysis lacks depth, with insufficient detail provided. The student has not
acknowledged the limitations of the arguments made during the research process. Although primary data has
been collected, its accuracy and alignment are questionable, and the presentation lacks statistical support,
being more generic in nature.

Furthermore, the student has not demonstrated a comprehensive understanding of economic theory and has
failed to apply it accurately. There is a notable absence of any discussion on unresolved questions in the
essay. While the conclusion aligns somewhat with the research questions and the overall argument,
improvements are needed. Overall, the essay falls short in providing a thorough and accurate exploration of
the chosen economic theory and its application. It is important to cite, wherever required.