On Sunday morning, 6th of April 2014, IPER spearheaded ‘Run for Indian Economy’ -first of its kind by any management school to seek attention of the masses towards the current state of Indian economy. This event was covered by MyFM.
The majority of the runners being staffers, management, students, sports enthusiasts and corporate made their way to the TT Nagar stadium with an aim of creating awareness on Indian Economy among the masses.
Many people run a marathon for a cause. And many more should!
This symbolic marathon ‘Run for the Indian Economy’ was flagged off by Mr. R.K. Sadhwani, Secretary – Chaitanya Shiksha Samiti and Mr. Narendra Kumar, Treasurer -Chaitanya Shiksha Samiti.
Chaitanya Shiksha Samiti is an organization of eminent businessmen, philanthropists and academicians that established Institute of Professional Education and Research (IPER) in late 1995. Initiative that started as a bridge to fill the gap of committed management professional for the opportunities created through policy of free market economy has now graduated into one of the top b-schools in central India.
“Indian economy is not as strong as predicted, and it needs to come up in a big way. Self awareness and at the same time creating awareness among the masses is very vital. It is predicted that there would be growth of say 5.5%. The measures have been taken but its impact remains to be seen in due time”, said Mr Narendra Kumar, Treasurer – Chaitanya Shiksha Samiti.“Much growth is possible – to the tune of 8% and the youth can influence it, on their own”, he said.
Yes, the Indian economy is concentrating in motivating the states and assists them to improve and focus immediately on the larger opportunities for better management rather than changing the laws. Sensex was perceived as the synonym of downfall but it is other way round, it’s an indication of the return of prosperity. The confidence shown by foreigners in India and its markets has made us turn bullish on equities since October.
“IPER through the medium of this event showed to the world that various sectors of India like IT, Telecommunication, Manufacturing, etc. made a remarkable growth and contributed in the Indian economy beyond the expectations. Thus Indian Economy should not be underestimated anymore as suggested in this event organized specifically to break this myth” , said Prof. (Dr.) Amarjeet Singh Khalsa, Group Director IPER.
As come what may are the circumstances there have been affirmations like “2014 will mark the beginning of the bull market in India”, Abhay Laijawala, managing Director and Head Of Research , Deutsche Equities , also Prashant Jain ,Executive Director and CIO HDFC Mutual Funds has said “Overall, the equity market has always been positive following a stable government coming to power”. The confidence shown by foreigners in India and its markets has made us turn bullish on equities since October. Nimesh Shah, MD & CEO,ICICI Prudential Mutual Funds.
You must know where you are going or you will end up somewhere else ; run for economy affirms that the sense of optimism about Indian Economy and aims to heighten expectations from the young people.
Despite wide expectations of growth slipping below 5 per cent, Finance Minister P Chidambaram said that India is likely to achieve an economic growth of between 5-5.5 per cent this financial year, now what more is required from a nation’s spokesperson whose is seen with many drooling eyes when he confronts media with his briefcase.
Lets allow negative vibes on Indian economy to drain, lets rejuvenate, lets see the situation as a window of opportunity to take the growth beyond the predicted 5 – 5.5%