ECONOMICA

Arthotsav Diaries, DAY 3 15.02.2020 The third and final day of Arthotsav 2020 started on a high note. The Institute of Technology and Management, one of the sponsors of Arthotsav this year, held a seminar on the prospects of Post Graduate Diplomas for the Final Year students. The seminar was hosted by Mrs. Seemita Bose Chowdhury from ITM. It was a rather informing, interactive and insightful session. As the session wound up, the preparations for the Megaevent began and the finalists and participants started to enter into the classroom 2-Science. The Megaevent, World War 3 hosted by Isha Gokhale, began at 12 PM. As the participants strategized and planned and played their game, the minutes ticked by and soon it was time 3 PM and the Megaevent came to a satisfying conclusion with the ultimate winners being crowned and applauded for their sharp wits and grand achievements. And so, all the events for the year were declared successfully completed. After a small and required respite

Arthotsav Diaries, DAY 2 14.02.2020 New day, new memories! All the volunteers commenced their day with complete enthusiasm and excitement, with an aim to make this very second day of Arthotsav a huge success. The exhilaration and eagerness of volunteers increased as the very first event of the day, i.e "MISSION DIPLOMACY- THE ROGUE TRADER" created and hosted by Sharwaree Ghaisas and Sakina Halvadwala began. With all participants geared up for the event, they got briefed about the event. The participants worked hard for their elimination round which consisted of finding words from the books they were given. All they got were the hints to the page number, line and number of word. With these hints, the participants were told to find that word which all these hints led to. Ten teams showcased their excellence and cleared the elimination round. The first round of the event began with these teams being categorised as five Eastern companies and five Western countries. All the co

Arthotsav Diaries, DAY 1 13.02.2020 The first day of Arthotsav began with a horde of students cheering wonderfully for the start of the exciting fest. Every volunteer and participant showed nothing but sheer amazement and anticipation for the day to begin. At around 9:30 am, all the members of Arthotsav had gathered in the auditorium, keenly waiting for the inaugural ceremony's initiation. The Chief Guest, Mr. Pankaj Bobade, was welcomed with a huge round of applause and great laudation. Mr. Bobade was not only very friendly but also very informative; he gave the audience a lot of information about the recent economy and finance. The inaugural ceremony ended at 10:30 with the chairperson of Arthotsav giving a vote of thanks to all the dignitaries present and the ones who helped Arthotsav stand where it is today. The first event—The Wolf of Dalal Street, conducted by Aditi Taskar and Shruta Patnekar— started soon with excitement buzzing through the room. As the event began, the

        In recent times, India and SouthEast Asia           have witnessed an unprecedented rise                           in foreign trade   When it comes to the geographical location of our nation, India has occupied one of the most strategic positions in the world trade and markets. The Indian landmass has a central location between the East and the West Asia. India is a southward extension of the Asian continent. The trans Indian Ocean routes,  which connect the countries of Europe in the West and the countries of East Asia, provide a strategic central location to India. The deccan Peninsula protrudes into the Indian Ocean, thus helping India to establish close contact  with West Asia, Africa and Europe from the western coast and with Southeast and East Asia from the eastern coast. No other country has a long coastline on the Indian Ocean as India has and indeed, it is India’s eminent position in the Indian Ocean,which justifies the naming of an Ocean after it. Indi

Did you know? 3 startups are globally launched every second . However, a CBI statistic report shows that, on an average, 9 out of 10 new startups turnout as a failure.  Startup is defined as “ an entrepreneurial venture or a new business in the form of a Company or project initiated by an entrepreneur or a group of entrepreneurs, to seek, effectively develop, and validate a scalable business model .” Startups have been the flavor of the season over the past few years for the Indian markets, and this has resulted into the emergence of many home grown unicorns (privately held startup companies that are valued at over US $1b) across the nation. India saw the initiation of only 3,100 startups in 2014; but the digits gradually rose to 7,200 startups in the year of 2018, and this number is expected to reach up to 11,500 by the year 2020. Thus, we can see that the Indian startup ecosystem has really taken off in recent years and this is not a passing trend, but a revolution as a whole.  India

GDP and India India, a developing economy in the world market, has set its base to lead through the way. Various basics and super strong foundations of economic decisions are ready to lead India to the top position in the world trade and technology. It gives a strong prospect to the Indian economy to compete at the international level. India is said to be the 5th largest economy in terms of nominal GDP. Gross Domestic Product, is the unit for measuring the nominal growth of the economy as a whole. It includes the over all usage by the country in terms of production, distribution and consumption of materials such as goods and services. It also includes the trade in terms of export and import, to and from the country. Indian GDP gives out a simple but a deep formula of that particular usage.  Consumption expenditure (C) + Investment expenditure (I) + Government expenditure (G)+ (Exports - Imports)= Indian GDP. When India attained Independence in 1947, 90% of the Indian