The Event

The global economy has reached a tipping point, triggered by both cyclical and structural factors. The debilitating economic slowdown has only hastened the process, creating in its wake a new international economic order wherein the world is no longer dominated by a singular power. Rapidly growing economies like India have become increasingly important engines of growth, even as they lead the world out of the economic crisis. Their rapid economic rise is resulting in a re-balancing of global financial and economic power, and forging of new geographic linkages through trade and investment flows.

India is the world’s fifth largest economy [in GDP PPP terms], an emerging advanced technology power, the world’s largest democracy and most populous nation after China, and home to a fast growing middle class that is already as large as the entire population of the United States, about 300 million people. Being a cost effective and labor intensive economy, India has benefited immensely from outsourcing of knowledge and business processes from developed countries, and a strong manufacturing and industrial framework. Its internal consumer economy, with the combination of rising incomes and expanding urban population, is on track to become the third largest in the world by 2035. India has one of Asia’s most balanced macro-economic structures, and has demonstrated remarkable resilience in the face of shrinking global markets. Now, as the greenshoots of global recovery are being spotted, the economy is preparing to launch itself to a higher growth trajectory, while eyeing a greater role for itself in the international policy arena.

However, global markets are far from perfect, presenting the challenge of finding a sustainable balance between growth and inclusion. Agriculture, infrastructure, education and healthcare need urgent attention, even as the country continues to struggle with corruption, red-tape and bureaucracy. Added to that are the growing risks related to abrupt climate change, pandemics, and energy, water, and food security. Some of the answers to overcoming these current systemic difficulties lie in effective economic and social development at the grassroots level.

The 2nd Pan-IIM Alumni Gulf Summit brought together IIM alumni who are corporate leaders and entrepreneurs from a cross-section of industries and social sectors, to share their successful experiences and lessons. The theme, The New Global Economic Paradigm – Spotlight on India, sought to address the opportunities and critical challenges facing business leaders and managers in the rapidly evolving ‘new’ economic environment.

The event was attended by over 270 people including 142 alumni.

 

 

  • IIM
  • IIM
  • IIM
  • IIM
  • IIM
  • IIM
  • IIM
  • IIM
  • IIM
  • Title Sponsor ADCB
  • Gold Sponsors
    • BPG Group
    • RAK Ceramics
    • Techmart
  • Silver Sponsors
    • Trimex Group
    • Rivoli Group
  • Official Airline Partner
    • Jet Airways