Ayan Innovation

                     In a developing economy, the question is not how to trigger the economic growth in the graph chart but how to make smart choices that will drive the growth with consistency and momentum. India is the world’s six largest economy, and in few years down the line it is poised to become the fifth largest economy in the world. Many economists and researchers believe that we can be the third largest economy in the world by 2050, to be only behind China and the US.             With a GDP of 6.75 percent in the fiscal year 2017-18 and with a predicted GDP of 7 to 7.5 percent in the fiscal year 2019, we can claim ourselves to be the fastest growing economy in the world, especially at a time when trade wars, currency wars, sanctions and conflicts around the world are crippling the world economy. If we look at the international scenario, in which the Chinese economy is slowing down, the ...

         Bogibeel Bridge is one of the largest bridge ever constructed in India. It is built over the Brahmaputra river and connects the Dhemaji district and Dibrugarh district located in the north eastern state of India, Assam. It is a rail cum road bridge with a length of 4.98 kilometers. It is Asia’s second longest rail cum road bridge. It was inaugurated on 25 th of December,2018 by the Indian Prime Minister, Narendra Modi.            It is the 4 th rail road bridge constructed over the Brahmaputra river. This bridge was constructed by the Hindustan Construction Company. The foundation of this bridge was laid in January 1997, by the then Indian Prime Minister H.D. Deve.Gowda the construction of the bridge was inaugurated by then Indian Prime Minister Atal Bihari Vajpayee in 2002.             The bridge is located 20 km from the Assam and Arunachal Pradesh border. It is e...

           Image taken from lithub.com            The Arab Spring is a series of anti-government protests that started in the middle east. The Arab Spring first started in Tunisia. The movement soon spread across to Egypt, Libya, Jordan, Oman etc. These movements were civil movements, which were carried out against the government of these respective countries. Some of these movements saw a change in the government in their respective countries while some of them saw a change in the government’s economic and political policies. This Arab Spring is famously related to the Prague Spring in Czechoslovakia, a 1978 democratic revolution in Czechoslovakia.           This Arab Spring started first in Tunisia. For nearly two decades Tunisia has been under the rule of President Zine El Abidine Ben Ali. Corruption had gripped into every strata of the Tunisian lives during his r...

        The Tata group has been one of the largest business conglomerate in the world. The $150 Billion group in terms of market capitalization, has its footprints in various markets and different sectors of the economy. With a presence in industries from steel to salt, it has been vying to enter into the airlines industry for a long time. Though it was the founder of the Air India airlines, it lost its control over the airlines company after India gained her independence, when large number of private companies were being converted into public sector companies.       In 2013, it entered into a joint venture with the Singapore Airlines to enter the Indian aviation market. The joint venture was names as TATA SIA Airlines limited. It started its operations under the brand name of Vistara in 2015. With the Indian Airlines market growing at a rapid pace along with the rise in the income of the middle class, it is providing huge...

             Bhutan is a country to which India attaches a great significance both diplomatically and socio-culturally. This landlocked country is surrounded by the mighty Himalayas on all the sides. It is also considered as a buffer state between the two largest Asian giants i.e. India and China. It is a country which measures the gross happiness of its people. Bhutan is an environment conscious country.         It is a democratic country, which has the King as the head of the state and the Country’s executive head, which is the Prime minister who is democratically elected by its own people. Like every democratic country in the world, it also had its national election in which the country chose Lotay Tshering as its Prime Minister. Lotay Tshering is a MBBS from the Dhaka University. His party won the general election with a thumping victory by winning 30 out of 47 seats in the Bhutanese parliament.      ...

If you are confused between the difference between IMF and the World Bank well you are not the only one. Framed economist John Maynard Keynes who was the founding father of both these two institutions said that he was confused by their names. The IMF and the World Bank are closely linked. So closed are they that their headquarters are across the street from each other in Washington DC, USA. FORMATION : - So what is the difference between these two institutions and how did they come to existence. It all started at a hotel in New Hampshire in July 1944. When 44 countries gathered at the Bretton wood conference at the hotel. The goal of the conference was to agree on a new framework and guidelines for the international monetary system so that the global institutions that keep the global economy running, can run smoothly without any hiccups and hindrances. After the second world war most people agreed that the existing age old system has failed. It has seen the great depr...