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The Department of Management Studies at IIT Madras hosted its management conclave on Friday evening, as part of its annual business summit – Samanvay. The theme of the two-hour event was ‘India’s Demographic Dividend – A boon or bane’.
A gamut of opinions was presented by corporate and other speakers who attended the event and most of them agreed that the demographic dividend could be a boon or a bane depending on how it is handled in the next 10-15 years. The key factors were identified as:
Infrastructure: by improving basic infrastructure in terms of roads and healthcare, industry would grow.
Education: increase in coverage and quality of primary education is critical to make the youth worthy of employment and create opportunities to retain educated youth.
Labour: increase in employable skilled labour, change in labour laws and a change in perception of labourers is required.
The event was attended by various corporate executives, including Karthikeyan T.V., the CFO of L&T Infrastructure Development Projects; Charath Narasimhan, CEO of Indian Terrain; P. Suresh , Chief Operating Officer of Bhartiya International; and Vidya Muralidharan, HR Business Partner, after market, Ashok Leyland. The discussion was moderated by Arun Subramony, the Founder Chairman and CEO of Empereal.
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