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30
magis
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february 2014
An Insight into
India’s growth story
| crux of matter |
T
he third
annual consulting
conference, conceptualised by Con-
sulting and Research Undertaking
at XLRI (CRUX), was based on the theme
Roadmap for Sustaining India’s Growth
Story. The conference hosted in Mumbai
brought together eminent speakers like MD
and CEO of Mindtree and Chairperson of
NASSCOM Krishna Kumar Natarajan and
CEO of DBS Bank Sanjiv Bhasin.
The NASSCOM Chief talked from an
entrepreneur’s point of view and raised the
question as to whether India is a case of ‘an
un-kept promise’. He went on to talk about
social entrepreneurship and emphasised
the need for ‘social enterprises coupled
with dispersed growth’. He insisted that
India has a unique potential in the sector
of higher education as the propensity to
spend on education is high while the cost
growth rate had become a norm rather than
an exception. India under two decades has
transformed itself into the third largest
economy (by Purchasing Power Parity).
Today, however, the forecasted growth
outlook is bleak. The rupee has tumbled
over 13 percent in the past three months.
Inflation, at 10 percent, is higher than in
any other comparable economy by size.
In the midst of speculations about the
possible causes of the economic plunge,
Insight 2013 has attempted to provide a
national platform to discuss strategies to
tackle the multitude of challenges facing
the economy.
The conference also marked the launch
of XLRI’s annual consulting magazine,
Vi-
sionarios 1.0
. The magazine was unveiled
by Natarajan and Bhasin, along with Prof
Munish Thakur, Chairperson of Strate-
gic Management Area at XLRI. Through
this magazine, the Consulting Committee
at XLRI hopes to fill the void that they
believe currently exists between classroom
study and ground realities; and continue
to keep coming up with important and
relevant topics each year.
Initiatives like Insight and
Visionarios
1.0
is an endeavour on the part of CRUX
and XLRI to create a platform for enthusi-
asts to pour in their ideas on raging debate
that engulfs the nation.
Other eminent speakers at the confer-
ence included MD and Head Private Wealth
Management, Deutsche Bank Ajay Bagga,
Senior Director and Head, Rabobank,
Asitava Sen, India Head for Supply Chain,
Future Group, Supratim Ganguly, CEO,
Uniquest Infrastructure Athar Shahab,
CEO, Banking Division, AGS Technolo-
gies, Amitabh Jaipuria, CEO and Promoter-
Director, Everest Flavours Limited, Anand
Ladsariya, Partner, KPMG, Santosh
Kamath, Practice Leader, Hay Group,
Mohinish Sinha and Solutions Director,
Dunnhumby, Ashish Mehta.
The speeches were followed by panel
discussions on Role of Financial Interme-
diaries in Sustaining India's growth and
Avenues for Meeting Capital Requirement
of Businesses. The discussions were mod-
erated by Prof Thakur.
The conference also hosted the finals of
Drishtikon, XLRI’s annual national paper
presentation competition.
Please write to us at
of higher education in India is very low as
compared to global averages. He focused
on leveraging technology to drive transpar-
ency and productivity, and driving a robust
and sustainable cadre of social enterprises.
Bhasin highlighted the prevailing trends
in Indian financial sector and the role of
regulatory authorities in mitigating the
troughs in the growth trajectory. He fo-
cused on the changing requirements of the
banking sector for it to perform according
to the expectations of the economy. He
alluded to the immense growth potential
of the sector in the country, insisting that
‘the demands for financial inclusion will
drive the growth of banking and finance
industry’.
Celebrated as an economic miracle,
India, over the past decade, was the cyno-
sure among all growth stories. Nine percent
Speakers at the event unveil
Visionarios 1.0
INSIGHT 2013 was a confluence of intriguing ideas expressed by
eminent leaders and academicians on key issues pertaining to the
sustenance of India’s growth story
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campus capers
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