On Campus

India should be a brand, not a market

Our Bureau Chennai | Updated on October 30, 2013 Published on October 30, 2013

Their is a need to bridge the ‘courage gap’ stalling today’s leaders from taking action, believes K.C. Chakrabarty, Deputy Governor of the Reserve Bank of India, who was addressing students at Indian Institute of Management – Ahmedabad during Connexion, the B-school’s annual knowledge summit. Chakrabarty emphasised that the nation’s growth must be driven by efficiency and productivity, the responsibility for which, he said, has unfortunately been relegated to the lowest strata of our society.

This year’s Connexion, whose these India InCubate: Idea to Action, organised panel discussions among industry leaders on issues including subsidy, new media, leadership and the socio-economic impact of land acquisition. The panels were moderated by IIM-A faculty.

The panel on Bridging the Divide: Subsidy to Sustainability concluded that subsidies should be used as an instrument for long-term development of the economy and the transmission losses should be reduced through administrative reforms.

The second panel discussion was based on Redefining Made in India: Low cost to High value. After an engaging discussion, the panel concluded that India needs to become a brand, a change from its current status as a market and a source fort low-cost labour. For this, India needs to invest in research and development, change its mindset and focus on execution till the very last mile.

Connexion is an annual event organised by the PGPX batch of IIM-A. PGPX is the post-graduate programme in management for those over 27 years old, who usually have six to seven years of experience.

Published on October 30, 2013
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