Rajiv Kumar stated that every one the financial indicators — be it excessive-frequency indicators, funding indicators, capability enlargement in some important industries like metal and others — are starting to search for. “Of course, it will depend entirely on the nature and shape of the pandemic as we move forward. Even if we have a third wave, we are far better prepared than what we were earlier. So its impact on economic activity would not be as big as it was during the first and second waves. The silver lining might be the ICMR’s announcement that two-thirds of our population have got immunity against the novel coronavirus disease, induced by vaccine or natural infection,” he stated.
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“India has the third largest startup system in the world today. India is currently home to 21 unicorns valued at $73.2 billion dollars and this is expected to grow to 50 unicorns by 2022. But India is still in the 48th place in the global innovation index. We should set an aspirational target to break through into the top 10. Unless we successfully innovate, we will be left behind,” stated Dr Kumar.
The vice-chairman reminisced about attending an financial convention at Andhra University in Visakhapatnam in 1975.
Chairperson, board of governors, IIM-V, Hari S Bhartia, stated that the hybrid or digital mode of instructing and studying is right here to keep. “It would provide a great opportunity for the institutions to offer a judicious combination of online and offline content for the young as well as experienced professionals. These courses would come in handy for the young students to continue their professional education even in their employment or entrepreneurial journey,” stated Bhartia. He recommended the graduating college students be humble and agile.
Speaking about social media, Bhartia stated the vibrancy of an organisation is at present measured by its scale and attain on social media. “It has become a building block for brand and image building of an organisation. It helps the organisations to maintain a constant context-relevant, customised and personalised connection with its stakeholders,” stated Bhartia.
IIM-V director Prof M Chandrasekhar offered the director’s annual report. Prof Chandrasekhar defined how the Institute is witnessing elevated enrolment 12 months-on-12 months and defined its achievements. The institute awarded varied awards and gold medals to meritorious college students.
Meanwhile, Indian Institute of Management-Visakhapatnam has grow to be the third IIM within the nation to join the UN PRME — United Nations Principles for Responsible Management Education, a community of over 860 main enterprise faculties throughout 95 nations. By becoming a member of the PRME neighborhood, IIM Visakhapatnam commits to aligning institutional methods and operations with PRME rules, comparable to advancing values comparable to sustainability, accountability, and ethics in instructing, analysis, and thought management. While adhering to these rules, the institute would work to obtain the United Nations Sustainable Development Goals.