Chandigarh

NEXT 50 YEARS INDIA WILL BECOME 100 TRILLION DOLLAR ECONOMY , PREDICTS ASHISH CHAUHAN

July 08, 2019 09:14 PM

Chandigarh (Face2News) 

The University Business School, Panjab University, Chandigarh organised the Induction Program for the MBA/ MBA(Entrepreneurship)/MBA(IB) /MBA(HR)-Ist Year students on Monday in the Auditorium, Arts Block-II, Panjab
University, Chandigarh.

Professor Raj Kumar, Vice Chancellor, Panjab University, Chandigarh presided over the event, Shri Ashish Kumar
Chauhan, Managing Director & Chief Executive Officer (CEO), Bombay Stock Exchange (BSE), Mumbai was the Chief Guest. Professor Deepak Kapur welcomed the distinguished guests, faculty, staff and students and presented the mementos to the distinguished guests.

He informed the audience that in the 51st year of the commencement of the MBA program at the UBS, a new program with the nomenclature MBA(Entrepreneurship) has been started. Professor Deepak Kapur also introduced the Chief Guest Mr Ashish K Chauhan to the audience.

Thereafter, Professor Raj Kumar, Vice Chancellor, Panjab University, Chandigarh addressed the audience. He stressed the importance of Entrepreneurship. Thereafter, Mr Ashish Chauhan delivered his address. He stated that unlike the earlier times when technology changed in one or two generations, in the present day technological change comes in waves, and these technological waves are becoming faster and faster.

He stated that the next 50 years would see the wealth creation that has not been seen ever during the last 10,000 years. He was optimisticthat with majority of the Indian population comprising of the younger age group, the next few decades would see the emergence of India as an economic power house. He predicted that if everything goes well, next 50 years would see India become an 100 trillion dollar economy,comprising of about 15% of the world's GDP of estimated 720 trillion dollars.

Mr Chauhan delineated the developments in the Indian economy since independence in 1947, and gave reasons as to why the People's Republic of China that was even slightly behind India in terms of per capita GDP in 1978, has not only overtaken Indian during the last fourdecades but has progressed to an extent that has resulted in a per
capita GDP lead of China by over about six times over that of the per capita GDP of India.

Earlier UBS organised the Inauguration of the newly introduced MBA (Entrepreneurship) program wef the academic session in Seminar Room - A.

Professor Shankarji Jha, Dean University Instruction (DUI) was the Chief Guest, and Shri S.S.Virdhi, Chief Engineer (Retd.) was the Guest of Honor.

Professor Deepak Kapur welcomed the distinguished guest and presented them the flower bouquets. He exhorted the newly admitted students to work very hard, and leave no stone unturned to excel in academics. Professor Shankarji

Jha quoted extensively from the ancient Indian sanskrit literature including that from the Mahabharta to motivate the audience. The event was well attended by the Faculty and students of UBS.

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