Colloquium 2012', an event which brought together quite a few academicians and well-known personalities to a common stage, was recently held at Symbiosis Institute of Business Management, in Electronic City.
These speakers were called from all over the country and in addition to them, around 350 students — all pursuing business management courses — also attended 'Colloquium 2012'.
The aim of the entire occasion was to analyse and attempt to identify reasons for India's present state of economy.
The panel at the seminar comprised Milind Chalid, the country advisor of Bharti AXA; Darpan Vashisht, the CFO of Pepsi Co; N S Siddharthan, from the Forum for Global Knowledge Sharing and Ramesh Ramaswamy, a lead consultant at Robert Bosch Engineering and Business Solutions Limited.
Given the current economic scenario, the topic — not surprisingly — sought to rethink and re-evaluate some key established notions regarding the country's economy. Specifically, the topic was proposed as 'Slowing Growth Rate: Has India missed the trick?'.
The panelists came together to share their views and the consensus appeared to be that India has the potential of gaining back its previous GDPgrowth rate of 9 per cent — now at an alarming 5.3 per cent.
Milind Chalis, drawing upon his experiences in different industries, said, "The government should handle the job of governing the country and not venture into industries, that can be handled by the private sector." He illustrated this point by quoting the example of Air India.
Ramaswami, on the other hand, touched on another issue.
He explained, "The service sector cannot be the engine of growth of any country," adding that it is India's manufacturing sector that really has the potential to propel growth in the country.
Siddharthan stated that the need of the hour is to sustain the present growth rate instead of concentrating on increasing it.
He explained, "The Chinese software industry is bigger than that of India, which is not a commonly known fact. On the other hand, it is already known that they are way ahead when it comes to the hardware industry."
He also said that corruption is a major hindrance to development. At the end of the discussion, some of the major points which came out were that manufacturing should be developed as the backbone of the economy and that the ecosystem for IT products as opposed to services should be developed.
'Colloquium 2012' definitely gave business students something to think about.
These speakers were called from all over the country and in addition to them, around 350 students — all pursuing business management courses — also attended 'Colloquium 2012'.
The aim of the entire occasion was to analyse and attempt to identify reasons for India's present state of economy.
The panel at the seminar comprised Milind Chalid, the country advisor of Bharti AXA; Darpan Vashisht, the CFO of Pepsi Co; N S Siddharthan, from the Forum for Global Knowledge Sharing and Ramesh Ramaswamy, a lead consultant at Robert Bosch Engineering and Business Solutions Limited.
Given the current economic scenario, the topic — not surprisingly — sought to rethink and re-evaluate some key established notions regarding the country's economy. Specifically, the topic was proposed as 'Slowing Growth Rate: Has India missed the trick?'.
The panelists came together to share their views and the consensus appeared to be that India has the potential of gaining back its previous GDPgrowth rate of 9 per cent — now at an alarming 5.3 per cent.
Milind Chalis, drawing upon his experiences in different industries, said, "The government should handle the job of governing the country and not venture into industries, that can be handled by the private sector." He illustrated this point by quoting the example of Air India.
Ramaswami, on the other hand, touched on another issue.
He explained, "The service sector cannot be the engine of growth of any country," adding that it is India's manufacturing sector that really has the potential to propel growth in the country.
Siddharthan stated that the need of the hour is to sustain the present growth rate instead of concentrating on increasing it.
He explained, "The Chinese software industry is bigger than that of India, which is not a commonly known fact. On the other hand, it is already known that they are way ahead when it comes to the hardware industry."
He also said that corruption is a major hindrance to development. At the end of the discussion, some of the major points which came out were that manufacturing should be developed as the backbone of the economy and that the ecosystem for IT products as opposed to services should be developed.
'Colloquium 2012' definitely gave business students something to think about.