MBA in Bangalore:Key challenge for budding managers is to accelerate growth rate with' inclusivity':

April 3, 2012 - PRLog -- With globalization and economic liberalization increasingly bringing new set of growth opportunities as well as policy challenges in India, RBI Governor Dr. D Subbarao has asked budding managers to convert the opportunities into ‘inclusive’ economic growth of the country.

Dr. D Subbarao was addressing the IIM Bangalore Convocation at the institute campus in Bengaluru on March 30, 2012.

Observing that globalization has brought both opportunities and challenges for developing countries like India, he said that policy challenges has also increased because of the changing structure of country’s economy. He asked the students to convert opportunities and focus on the growth path that is ‘inclusive’.

“With degrees in hand today, you will be entering a world that is more globalized than the one I had spent my career in. Globalization comes with benefits and costs. No matter what career you pursue or where you choose to work, you will have to learn to manage globalization in ways that will maximize its benefits and minimize its costs,” he said.

He also shared his hands-on experience in dealing with management problems and challenges of economic growth of the country.

The RBI Governor spoke on the roles that graduating students from Top B-Schools are expected to play amidst the economic instability and challenges that the world economy is facing today.

“The economic reforms that provided the platform for India’s integration with the global economy helped in raising our growth rate and reducing poverty,” he said, adding, “The challenge for budding managers is to make this growth inclusive and improve per capita income along with several other social indicators in an increasingly globalizing India.”

He also spoke on different aspects of globalization and its impact on world economy and Indian economy. “Globalization is a double edged sword - it offers immense opportunities but also poses ruthless challenges,” he said.
Observing that “financial sector has no standing of its own as it derives its strength and resilience from the real economy” he said that  “real sector should drive financial sector liberalization; not the other way round.”

On the occasion Dr. Pankaj Chandra, Director, IIM Bangalore presented annual report on the IIMB and highlighted key achievements of the institute in last one year. RIL Chairman and Managing Director Mr. Mukesh Ambani, who is also the Chairman of the Board of Governors at Indian Institute of Management Bangalore (IIMB), also attended the convocation ceremony.

A total of 570 were awarded with their certificates (Diploma/ Doctorate) on the occasion.

Stay tuned to MBAUniverse.com for more news and updates on Convocation 2012 at Top B-schools.