Dr. Harsh Vardhan, Director-BCG India, Presides Over Inaugural Function at IIM Indore

Dr. Harsh Vardhan, Director-BCG India, Presides Over Inaugural Function of 11th PGP Batch at IIM Indore

Dr. Vardhan felt that entrepreneurial skills have not been developed in India. The MBA institutes offered students a relatively risk-free way to a decent middle class style of living. This was the groove that students were falling into and, therefore, were not

preferring to take up a profession that was filled with risks. Moreover, he felt that in the past years, India has not seen the kind of creative spirit that would be necessary for an entrepreneurial venture. He felt that the IIMs could play a huge role in changing that.

When asked about the current oil crisis situation and the ways of solving it, he posed to main solutions. In the short term, he felt that alternative sources which were available should be exploited. Natural gas pipe-lines would be helpful in reducing the demand. However, in the long term, he pushed for serious policy changes as regards the pricing and investment policies. Moreover, he felt that demand side management was necessary. Energy guzzlers like malls should be taxed more and establishments using solutions that reduced energy consumption should be given tax rebates. This would lead to a demand-side change in energy usage.

Dr. Vardhan also stressed on the educational infrastructure in India and its relation to the growing service sector (52% of the economy) that could use it. Responding to the increase in batch size, Dr. Vardhan said that an increase in quality faculty was also necessary to cater to the batch. IIM Indore had been instrumental in recruiting quality faculty.

Among other vital inputs, he said that the establishment of effective supply chain structures was very necessary to cater to the service industry. He also responded to a few doubts on growth, saying that growth in its initial stage was divisive, and believed in the fact that enough growth would be distributive.

Concluded.

* Contributed by -
Gaurav Gupta,
Media & Public Relations Committee,
IIM Indore.

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