India’s premium B-School Xavier School of Management organized 'INSIGHT 2013' annual conference on 09 November in Mumbai. This Annual Consulting Conference intends on bringing industry’s renowned professionals and leaders, academicians on a common stage to talk about issues related to the sustenance of India's growth tale.
'INSIGHT 2013' hosted by the Consulting and Research Undertaking at XLRI (CRUX), is on 'Roadmap for Sustaining India's Growth Story' theme. The conference is to discuss the causes and issues of India struggling with novice growth, mounting inflation and a broadening of India’s current account deficit.
The chief members attending conference included Krishna Kumar Natarajan, President Nasscom, CEO of Mindtree, Sanjiv Bhasin, CEO of DBS Bank among others.
The Nasscom chief questioned whether India is a case of ‘un-kept promise’, keeping an entrepreneur’s viewpoint. He also discussed on social entrepreneurship, besides talking about the call for "social enterprises coupled with dispersed growth.”
Furthermore, he maintained that India has a exceptional prospective in the higher education sector, stating that tendency to pay out on education is high among Indians while the expenses of higher education is comparatively low in the country with respect to global averages.
He emphasized on the need to leverage technology in order to bring transparency and efficient output which may drive a full-bodied and sustainable group of social enterprises.
CEO of DBS Bank, Sanjiv Bhasin, talked on the existing trends in financial sector of the country and the responsibility of India's regulatory authorities in extenuating the hindrances in the path of growth.
India, over the past decade, has been observed as a cynosure among all economic growth stories; this is illustrated as an economic miracle. 9% growth rate had become a standard rather than an exception. Within a span of 20 years, India strived and transformed itself to be the 3th largest economy of globe (in terms of Purchasing Power Parity). At present, however, the forecasted growth position is severe since the rupee has rose till 13% in the past 3 months. Inflation, at 10%, is higher than any other country’s comparable economy size.
With several assumptions and viewpoints kept during the event related to causes of the rise that the economy has witnessed, CRUX and XLRI have endeavoured to create a national platform to talk about feasible strategies to deal with the multitude of challenges that India’s economy presently is facing.