November 20, 2015 - 11:00 am
November 20, 2015 - 3:00 pm
AddressSonarpur Station Road, Kolkata - 700150 View map
On 20th of November 2015, a seminar was held in Future Institute of Engineering and Management, which was organised by the Future Business School (FBS) in Sumantra Ghoshal auditorium at Future Campus, Sonarpur. The keynote speaker for the day was Dr. Debasish Chakraborty, an eminent Professor of Economics and Director of MBA Program, Central Michigan University Business School, USA. The topic for the seminar was “Trends in Global Economy and its impact on India”. The program started at 10 am with Dr. Chakraborty accompanied by Dr. Moushumi Ghosh, Executive Director, team FUTURE and the Director of Future Bisuness School Prof. Shantanu Roy.
Over three hundred students welcomed Dr. Chakraborty to the session. In his speech, Dr.
Chakraborty emphasises on the recent trends in global economy where he says, “Gone are the days when we evaluate India in terms of India. It is time to compare it globally. You are competitive if you are competitive globally. He told the students how global economy is inspired by the industrial revolution, rapid technological changes, globalisation and “Clash of Civilisation”.
He also added that growing global economy has advantages for the emerging nations like India and China, who are likely to contribute almost 50% of the global GDP growth by 2020. Emerging economics has other benefits of International Trade and Capital flow. However it requires a growth in idea, which in turn is dependent on the growth of population.
According to him growing global economy have certain disadvantages as well, like Currency crisis and unemployment due to technological dominance. Therefore the government should take several measures in order to combat this problem.
When asked by Prof. Shantanu Roy whether India will be able to grow in spite of barriers like caste and religion, in his reply Dr. Chakraborty says that he has a lot of expectations from the present government. He feels that India is a very strong nation and hence in spite of all such barriers if the government is able to adopt strategic policies then it can be in an advantageous position in the world economy.