The National Conference on Sustainable Growth of Business: Strategies and Challenges organized by the department of management of The IIS University commenced on Friday.
The inaugural ceremony began with welcome speech by the vice-chancellor of The IIS University. Padma Shri Prof Sukhadeo Thorat delivered inaugural address on the occasion.
Prof Thorat enlightened the gathering by telling how economy plays an important role in sustainable growth. While citing the hypothesis of Simon Kuznets Prof Thorat informed that in previous years overall growth was important because it was assumed that in the later period of development it would trickle down to the poor. But now, when the concept of sustainable growth came into picture, Prof Thorat highlighted the need of growth strategies to be biased towards poor and social groups like marginalized sections, religious minorities, discriminated group, women and children because growth and human development go hand in hand.
While discussing the country’s 12th year plan, he suggested that our growth strategies should be pro-poor and actual indicators of human development should also be benefited from the growth strategies.
He had also put light on generating domestic employment for sustainable growth in business because ultimately employment would give people capital to spend on commodities, goods and services offered by the business houses. He was saddened to share that major share of income is coming from service sector and not from business sector.
After the inaugural session, Prof. Sukhadeo Thorat inaugurated the audio-visual studio prepared for the students of Journalism and Mass Communication of The IIS University. While answering a question asked by a student he asserted that we have less number of universities and colleges
as compared to the population. While discussing the problems and challenges faced in higher education he highlighted the need of reforms in University Grants Commission.
The conference will conclude in four technical sessions. 72 research scholars will present their research paper in the conference. The organizing secretary of the conference is Dr. Ankita Gangwal.
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