At IIMBue 2016, NITI Aayog CEO says the country needs innovative policies to enable disruption & enhance per capita income
17 DECEMBER, 2016, Bengaluru: “We need to ease rules and regulations, and even scrap some in bulk. States are growing rapidly; they also need to adopt ease of rules. There should be healthy competition among states. We need to build 12 champion states in India to achieve 9-10% growth, and India will boom,” declared NITI Aayog CEO Amitabh Kant, at IIMBue 2016, the leadership summit organised by IIM Bangalore’s Alumni Association
Speaking on ‘Innovative policies to enable disruption’, at the summit whose theme is ‘Start, Scale and Disrupt’, Amitabh Kant described India as “an oasis of growth” and said the challenge now was to create disruptions in systems of governance.
Lauding the energy and dynamism in start-ups, across sectors, he said India’s ability to achieve frugal engineering deserved special mention. “India is taking a lot of singles, we need to take more fours and sixes to make India a no poverty country and boost the per capita income,” he added.
The NITI Aayog CEO’s talk was followed by a panel comprising Biocon Chairperson and Managing Director Kiran Mazumdar-Shaw, Preetha Reddy, MD, Apollo Group of Hospitals, and Geetha Gopalakrishnan, Honorary Director, Tata Medical Centre, who discussed ‘Creating greater business impact through enhanced CSR’. On whether corporates were expected to perform the job of government, all the panellists opined that corporates need to act as enablers to the government to implement workable policies.
Day One of IIMBue ended on a high note with popular actress Deepika Padukone delighting the audience with her sparkling repartee, where she matched her host for the evening Shekhar Gupta, witticism for witticism, retort for retort – all with that trademark smile. At one point, the spunky actress even turned the tables neatly on a sporting Shekhar and asked him a pointed question or two. And when she was in the hot seat, she spoke with candour on topics ranging from gender bias in the Hindi film industry, her successful battle with depression to her definition of success. “Success to me is being at peace with myself. It’s not about roles in films, or money or material things. It is about feeling happy with myself as a good human being,” said the quintessential Bengaluru girl, who added that eating the “world’s best benne masala dose at CTR in Malleswaram” sends her happiness index soaring.
Earlier in the day, Ravi Venkatesan, Chairman, Bank of Baroda, spoke on ‘Leadership and the fourth industrial revolution’. “Industrial revolution is for countries what disruption is for companies. Is India going to seize this opportunity to catapult to being a world leader? We are sailing into a very different world, with new waves of leading and management. The mind-set and administration policies of the last century are not relevant now. Second generation management principles cannot compete with fourth generation companies. A new paradigm of business and industry is needed,” he said.
Highlighting the importance of data, he remarked, “Data is the new currency and the new oil.” Emphasising that speed and agility are game changers for business at the point of inflection, he said work cultures must change to identify and groom “warriors”.
Carrying the theme of disruption further was Mohandas Pai, Head, Aarin Capital Partners, who discussed 'Investing in Disruption'. He listed the areas where disruptions are taking place in current-day India and the world, such as education, healthcare, business and listed factors like demographic changes, globalization, technology, and their collective impact. He spoke about the industries getting disrupted, including oil, automobiles, manufacturing, life sciences, financial services, IT, education. “As a result”, he said, “there will be challenges. However, if we get producers and consumers to come together it will liberate India. We have to empower Indians economically. India is a free-market economy. So, liberate people, give them access to credit, and remove restrictions. We also need urbanization for progress. The government, on its part, can ensure that there is less corruption and more digitization.”
At IIMBue 2016, NITI Aayog CEO says the country needs innovative policies to enable disruption & enhance per capita income
17 DECEMBER, 2016, Bengaluru: “We need to ease rules and regulations, and even scrap some in bulk. States are growing rapidly; they also need to adopt ease of rules. There should be healthy competition among states. We need to build 12 champion states in India to achieve 9-10% growth, and India will boom,” declared NITI Aayog CEO Amitabh Kant, at IIMBue 2016, the leadership summit organised by IIM Bangalore’s Alumni Association
Speaking on ‘Innovative policies to enable disruption’, at the summit whose theme is ‘Start, Scale and Disrupt’, Amitabh Kant described India as “an oasis of growth” and said the challenge now was to create disruptions in systems of governance.
Lauding the energy and dynamism in start-ups, across sectors, he said India’s ability to achieve frugal engineering deserved special mention. “India is taking a lot of singles, we need to take more fours and sixes to make India a no poverty country and boost the per capita income,” he added.
The NITI Aayog CEO’s talk was followed by a panel comprising Biocon Chairperson and Managing Director Kiran Mazumdar-Shaw, Preetha Reddy, MD, Apollo Group of Hospitals, and Geetha Gopalakrishnan, Honorary Director, Tata Medical Centre, who discussed ‘Creating greater business impact through enhanced CSR’. On whether corporates were expected to perform the job of government, all the panellists opined that corporates need to act as enablers to the government to implement workable policies.
Day One of IIMBue ended on a high note with popular actress Deepika Padukone delighting the audience with her sparkling repartee, where she matched her host for the evening Shekhar Gupta, witticism for witticism, retort for retort – all with that trademark smile. At one point, the spunky actress even turned the tables neatly on a sporting Shekhar and asked him a pointed question or two. And when she was in the hot seat, she spoke with candour on topics ranging from gender bias in the Hindi film industry, her successful battle with depression to her definition of success. “Success to me is being at peace with myself. It’s not about roles in films, or money or material things. It is about feeling happy with myself as a good human being,” said the quintessential Bengaluru girl, who added that eating the “world’s best benne masala dose at CTR in Malleswaram” sends her happiness index soaring.
Earlier in the day, Ravi Venkatesan, Chairman, Bank of Baroda, spoke on ‘Leadership and the fourth industrial revolution’. “Industrial revolution is for countries what disruption is for companies. Is India going to seize this opportunity to catapult to being a world leader? We are sailing into a very different world, with new waves of leading and management. The mind-set and administration policies of the last century are not relevant now. Second generation management principles cannot compete with fourth generation companies. A new paradigm of business and industry is needed,” he said.
Highlighting the importance of data, he remarked, “Data is the new currency and the new oil.” Emphasising that speed and agility are game changers for business at the point of inflection, he said work cultures must change to identify and groom “warriors”.
Carrying the theme of disruption further was Mohandas Pai, Head, Aarin Capital Partners, who discussed 'Investing in Disruption'. He listed the areas where disruptions are taking place in current-day India and the world, such as education, healthcare, business and listed factors like demographic changes, globalization, technology, and their collective impact. He spoke about the industries getting disrupted, including oil, automobiles, manufacturing, life sciences, financial services, IT, education. “As a result”, he said, “there will be challenges. However, if we get producers and consumers to come together it will liberate India. We have to empower Indians economically. India is a free-market economy. So, liberate people, give them access to credit, and remove restrictions. We also need urbanization for progress. The government, on its part, can ensure that there is less corruption and more digitization.”