Youth's confidence in the future of India will drive the economic growth: Sachin Pilot

The 39th National Management Convention has concluded on September 26, 2012. The theme of the Convention was 'Rethinking the Enterprise: Igniting Growth with Responsibility'. The conference Chairman is Mr. N Chandrasekaran, MD & CEO, Tata Consultancy Services.

Speaking in the Valedictory Session of the Convention, Mr Sachin Pilot, Minister of State for Communication and IT, said that India's youth had great confidence in themselves and in the country. "Indian youth have great faith in the future of the country and that is the most important thing," he said.

Commenting on the responsibility of young political leaders, Mr Pilot said that his generation of politicians will be remembered for creating, or not creating, opportunities for the young Indians.

Regarding the perception of policy deficit, Mr Pilot said that the main issue was implementation of policies. "Decision making is not the issue. It is easy to make announcements," he remarked.

Mr Pilot said that e-governance could go a long way in removing corruption at the grassroot level of administration. Correcting the perception about institutions was critical to enable decision making, he said.

Mr Pilot informed the convention that the Ministry of Communication & IT had prepared the Electronic Services Delivery Bill, which requires state governments to provide certain services electronically. "We will provide the state governments with money and technology to digitize records in local languages," he said.

Mr R C Bharagava, Chairman, Maruti Suzuki, delivered the Keynote Address at the Valedictory Session of the Convention. He argued that to achieve sustainable high growth, India had to ensure rapid growth of its manufacturing sector. "The manufacturing sector has to grow at 3-4 per cent higher rate than the GDP and it has to become 25 per cent of the GDP in 10 years," he said.

Mr Bhargava emphasized that manufacturing growth was possible only if the government and industry could work together like India Inc, just the way China Inc and Japan Inc have worked in the past. However, he argued, Indian business had to reduce salary disparities between the top managers and workers and show that it cared for everybody and not just the company promoters. That, he said, will allow the government to ally with the industry in its policy making.

Earlier in the day, Ms. Preetha Reddy, Vice President, AIMA & Managing Director, Apollo Hospital Enterprises highlighted the need to drive change during uncertainty.

Ms. Reddy said, "With the volatility and complexity in trend today, driving change is extremely daunting in these times of uncertainty. Companies today have to change their 'winning formula' to be productive, competitive and profitable."

Calling uncertainty the "new norm", Mr. Bhaskar Pramanik, Chairman, Microsoft Corporation (India) Pvt. Ltd. said, "Volatility is not a passing norm, it is here to stay. Corporates need to plan a strategy which takes this uncertainty into account. It is the uncertain times that push you to do better and increase the market share."

ONGC Chairman Mr. Sudhir Vasudeva talked about the uncertainty in oil and gas business. He argued that innovation in new technology development was the key to survival in volatile times and a sustainable future.

Summarizing the two day Conference, the Conference Chairman Mr. N Chandrasekaran, MD & CEO, Tata Consultancy Services said that India needed a culture change rather than occasional reforms to grow fast. "It is only by putting in the right systems, simplifying processes and incorporating transparency in governance can we unleash the true potential of the country", he said.

AIMA also presented the awards for best Local Management Association, NCYM (National Competition for Young Managers), NCMS (National Competition for Management Students) and NMG (National Management Games) winners.

Source : Equity Bulls

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