Sanjeev Sanyal on Reconfiguring Indian Economy

Sanjeev Sanyal, Principal Economic Adviser, Government of India in conversation with Ms Supriya Shrinate, Executive Editor – News, ET Now on ‘Reconfiguring Economy: Coding a New Growth Algorithm: Reconfiguring the Economy’ at AIMA’s 4th National Leadership Conclave 2018.

Sanjeev Sanyal in conversation with Supriya Shrinate

Sanjeev Sanyal in conversation with Supriya Shrinate

The world is seeing a potential trade war in the making, do you believe those fears are for real? Do you believe India will have to take sides on this one, we can’t be a mute spectator?

As far as taking sides is concerned, I’m very clear on whose side we are on. We’re on India’s side. Coming to the question of protectionism and the emerging global scenario. Let me be clear while indeed there are all kinds of protectionist tendencies popping up around the world, we in India remain committed to the globalized system, we are old experimenters in import substitution so our own history should more than adequately tell us that if we overdo import substitution or isolationist policies it always ends in tears. So while it is fair that occasionally you use some sorts of incentives to protect certain industries from dumping or maybe even do some protection for infant industries. Different countries have their own dynamics but in general we do need an open globalized system and in the end, we have to be willing to do deals with the rest of the world and the rest of the world has to be willing to do deals with us. But yes, the old system as it seems may have come to its grinding halt and let’s not blame the individual political leaders. My view is that the old system has come to a creaking halt at multiple levels. In the US there has been a simmering discontent about Chinese imports for a while, the fact of the matter is that it has come to a halt now.

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Happiness is natural and stress is a disease

Brahmakumari Sister Shivani addressing AIMA's 4th National Leadership Conclave.

Brahmakumari Sister Shivani addressing AIMA’s 4th National Leadership Conclave

Brahmakumari Sister Shivani, Spiritual & Motivational Teacher addressing AIMA’s 4th National Leadership Conclave on the theme ‘Leading Self to be Innovative, Inclusive & Invincible’. Read Excerpts:

Last week in the Times of India, There was a proposal by the Government of Delhi saying that they want to introduce a subject called ‘Happiness’ in every Government school in Delhi, and they had asked proposals from NGOs and spiritual organisations to submit a curriculum that they would like to execute for school children in a subject called ‘happiness’. Most of us must have seen that page, but did we pause to reflect where are we heading? Our children have to have a subject called happiness because what they’re experiencing today is something different from happiness.

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WhatsApp and Google are Front-ending India’s UPI

Arvind Gupta, CEO, MyGov addressing AIMA's 4th National Leadership Conclave

Arvind Gupta, CEO, MyGov addressing AIMA’s 4th National Leadership Conclave

Arvind Gupta, CEO, MyGov addressing on the theme ‘Reimagining the State: Government as Service’ at AIMA’s 4th National Leadership Conclave 2018. Read Excerpts below –

The whole concept of Government as a service is very new especially in a vast country like India, the learning from countries like Estonia with 1.3 million people and a few more million in Singapore are vast. But you know their digitization came before they tried to leapfrog into fourth industrial revolution. India didn’t have a choice, we are doing digitization and we are leaping into the fourth industrial revolution parallelly and in that parallel universe we have a citizen who is still not connected to the internet probably, has a basic mobile phone, lives in a remote corner of northeast, Rajasthan, Jammu & Kashmir or in Kerela but what has connected all of them is this unique thing that we talk about, Aadhar. Today almost 99% of the adult population has Aadhar. Now we can keep debating its issues on the privacy and the security and that’s in the national interest and that’s the right thing to do but it is really enabling us to deliver the government as a service.

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Winning in the Age of Disruption – C P Gurnani, MD & CEO, Tech Mahindra

C P Gurnani at AIMA's NLC

C P Gurnani at AIMA’s NLC

C P Gurnani, MD & CEO, Tech Mahindra shares his insights on Winning in the Age of Disruption at AIMA’s 4th National Leadership Conclave. Read Excerpts below –

We believe in the trinity of Brahma, Vishnu, Mahesh where. Brahma is the creator, Vishnu is the sustenance and Mahesh (Shiva) is the destroyer. Now if the disruption is inevitable and it’s going to change the world. The question is who is going to be the creator? Will it be the millennials or startups or some of the larger companies re-inventing themselves? What is the role of the disruptor, what is the role of that Vishnu as a sustenance man or are these roles overstated? Maybe these roles don’t exist anymore. Maybe if I take Tech Mahindra as an example I mean I would strongly go back after this presentation and tell my Board that you should actually collapse all the three roles.

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Nandan Nilekani explains how India is going Digital

Nandan Nilekani, Non-Executive Chairman, Infosys Ltd., speaking on 'Disrupting the Disrupter' at the AIMA's 62nd FoundationDay

Nandan Nilekani, Non-Executive Chairman, Infosys Ltd., speaking on ‘Disrupting the Disrupter’ at the AIMA’s 62nd FoundationDay

Nandan Nilekani, Non-Executive Chairman, Infosys and the chief architect of Aadhaar shares how India is going digital and transforming into a Post Paid Economy using Data. 

Today I’ll speak about ‘Disrupting the Disruptor: Finding the next Big Idea’ and I’ll try to give you an idea of what’s happening in India in the world of digital technology, and why is it so special and so unique and why it has such a big impact on our business.

I will talk about three fundamental trends and I would put the facts and figures at your disposal on how India is becoming digital, which means it is becoming paperless and cashless; how is GST becoming business compliant and why is it so strategic for the economy, what’s the impact of that; and what is the role of data in India’s future because data is the most strategic asset of the 21st century. Today, huge battles are being fought all over the world for data. The big issue is the rise of the internet Giants who have huge amounts of data and on that data, they are able to apply AI and keep getting better. So fundamentally what is India’s strategy in terms of data to be a powerful country in the age of data and AI and machine learning?
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HR should stop doing politics – D Shivakumar

A special session on ‘Reimagining HR: New Competencies for the Future’ was held at AIMA’s 15th National HRM summit on 6th December 2017 at New Delhi.

D Shivakumar, Group Executive President - Corporate Strategy & Business Development, Aditya Birla Management Corporation Pvt Ltd. at AIMA's 15th National HRM Summit.

D Shivakumar, Group Executive President – Corporate Strategy & Business Development, Aditya Birla Management Corporation Pvt Ltd. at AIMA’s 15th National HRM Summit.

Below is an excerpt from the Q & A session between Pankaj Bansal, Co-Founder & CEO, People Strong and D Shivakumar, Group Executive President – Corporate Strategy & Business Development, Aditya Birla Management Corporation Pvt Ltd.

When we reimagine HR, what do you think should HR stop doing?

I think HR is very important and should evolve with the times. I talk to a number of people across the industry, and I would say that in many organizations, HR is seen as a political unit. Why do people feel that? First HRs should rid themselves of politics. HR has a lot of confidential information, HR should not trade in that. The HR department should be staffed with people who can maintain high confidentiality. The biggest problem in every company is that people say HR people blabber, and hence they do not trust them. So the dividing line between a good performer who needs to be promoted and somebody who doesn’t need to be promoted etc. is becoming a problem.

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Functional Smartness Vs Business Smartness – Navi Radjou

Navi Radjou at AIMA's 15th National HRM Summit

Navi Radjou at AIMA’s 15th National HRM Summit

Navi Radjou, Innovation and Leadership Thinker/Advisor (Silicon Valley), Author of Conscious Society (2018), Co-author of Frugal Innovation and From Smart To Wise sharing his insights on ‘Beyond Smartness: Leading Wisely in a Conscious Society’ at AIMA’s 15th National HRM Summit 2017.

Assuming we are entering the age of disruption, that is going to happen and is already happening, it’s a given now. How are you going to deal with this disruption? I think there are two approaches, there is a smart approach and there is a wise approach. Of course, if I were standing at Silicon Valley, where I live, and ask these questions to HR leaders there, they will say of course we need to address this disruption smartly because it’s all about smartness in Silicon Valley. And it is true because in the Western societies and increasingly in developing countries like India, smartness, and particularly intelligence, sells well. We heard about marketing right? So anything smart packaged as a marketing slogan sells well, for example, smartphones, we will be wearing soon smart clothes, smart appliances at home, like smart fridges that talk to us. We also have smart homes and buildings now, and then everybody is obsessed now about building smart cities. And not only that, it goes even further because if you read Yuval Noah Harari’s book. It is about man’s attempt to become God. And his interpretation of God is the ultimate mind, the super smart, or as Aurobindo calls, the supermind. And what he’s saying is that essentially we are not smart enough and the rich people in the future will be able to use, like embed technology in their brain to augment intelligence, we call it augmented intelligence.

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India Ready for the Big Leap Forward – Lord Karan Bilimoria

Lord Karan Bilimoria, CBE DL, Chairman, Cobra Beer addressing AIMA's Diamond Jubilee National Management Convention

Lord Karan Bilimoria, CBE DL, Chairman, Cobra Beer addressing AIMA’s Diamond Jubilee National Management Convention

Lord Karan Bilimoria, CBE DL, Chairman, Cobra Beer Partnership speaking about taking India to the greater heights, at AIMA’s Diamond Jubilee National Management Convention. Read Excerpts from his speech 

Congratulations to AIMA on your Diamond Jubilee, I’ve just come down from London via Dehradun. My mother lives in Dehradun, 81 years old, and I went to see her. And I met with the commanding officer of the Second fifth Gurkha Rifles frontier force, my father’s battalion, which he commanded in the liberation of Bangladesh. Dehradun is where I first got to know Sunil Munjal, it was my father who introduced me to Sunil when they were both members of the board of the Doon School. And he said to me, you must meet this impressive young man, he’s really good. My father was a very good judge of character, and I’m now so proud that this impressive young man is a very good friend of mine, he’s now chairman of the board of Doon School.
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Reimagining India with Rajiv Kumar, Vice Chairman, NITI Aayog

India has become a leading country in the world, but it still has some way to go before it can consider itself a truly great nation. India needs to reimagine itself as a nation without poverty and shortages and as a nation of capability and prosperity. NITI Aayog has to play a pivotal role in shaping the transformative policies and improving policy outcomes.

Rajiv Kumar, Vice Chairman, NITI Aayog sharing key insights on the ‘ReImagining India’ at #AIMA‘s Diamond Jubilee National Management Convention (#NMC) 2017. Read excerpts –

Rajiv Kumar, Vice Chairman, NITI Aayog addressing AIMA's Diamond Jubilee National Management Convention

Rajiv Kumar, Vice Chairman, NITI Aayog addressing AIMA’s Diamond Jubilee National Management Convention

Let me start off by complimenting ourselves, as Indians, for being in the midst of what I’ve always called India’s historically unique attempt at undertaking a triple transition simultaneously. I don’t see anywhere else in history or geography that there are other countries that have taken the social, political, and economic transitions simultaneously, these have always been sequential, and that’s something we’ve had to do because of what we were and what our independent leaders of our national movement decided. They simply decided that India could not afford to first take the economic transition where all the liberties would be closed and there would be no democracies and so on, and Mr Ambedkar ensured that you couldn’t undertake an economic transition without the social transition. And if you look at this huge achievement that we have had over the last 70 years, we very often tend to underestimate that. The inversion of the social pyramid in our country, where you’ve had a Dalit woman being the chief minister of the largest province in our country thrice, has been achieved practically and democratically without any bloodshed or violence. And states after states from Tamil Nadu to Bihar to UP we’ve seen that social transition happens over the last 70 years which for example cost millions of lives in the Soviet Union and China, and is doing so in Africa at the moment.

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Shaping the Future of Indian Cinema

Rakeysh Omprakash Mehra, Film Director, Producer, Screenwriter sharing key insights on the ‘Future of Indian #Cinema’ at #AIMA‘s Diamond Jubilee National Management Convention (#NMC) 2017. Read excerpts –

Rakeysh Omprakash Mehra Film Director, Producer, Screenwriter delivering a keynote Address at #DiamondJubileeNMC

Rakeysh Omprakash Mehra Film Director, Producer, Screenwriter delivering a Keynote Address at #DiamondJubileeNMC

To understand any future let’s understand the past first. We got independence in 1947 and our early films, like the first five-year plan, had a lot of hope. It was about a nation coming together, a nation was born and there were a lot of dreams at that point in time because we were building a nation. We had films like “Naya daur, Saathi hath badhana, Ye desh hai veer javano ka ” and those were the kind of emotions but something started happening towards the end of the 1950s. For the first time we saw the main protagonist, and no gender bias here but mostly that time it was male-dominated kind of stories being told as the main protagonist, and for the first time we saw a hero being a black marketer in Devanand in Kalabazar. So here was the nation who had a problem with police coming into the neighborhood not even into their homes and we then accepted a hero who was actually a black marketer, a thief, Jaal all these movies. What happened? Was it the Bengal Drought? Was it the two wars with Pakistan, was it poverty, had we woken up from the dream of independence in free India and we understood what a momentous task lies in front of us after gaining the independence and then we lost the China war and movies were reflecting that. Every youngster wanted to have a stubble like Devdas and die as such. You know it was a doomsday kind of thing. “Jinhe naaz hai hind par wo kaha hai, Jalado jalado ye duniya” it became the iconic and the subconscious of the nation. The political system was failing; the first prime minister was dead, there were chaos, joblessness, long lines for everything. We didn’t have any ideology, neither capitalist nor communist, it was a mixed economy. We wanted to take the good of both the economies and also attracted the evil of both the systems as such and became expert at that, as the time would tell. So we invented escapist cinema and somewhere in the late 60s our hero, which is Shamikapoor, started dancing, he started that. So we accepted a new kind of man who now dances he is still dancing I don’t know why but maybe we still need that escapism. It always beats me. So if you notice, a lot of us would know that the hero before Shamikapor never danced. Dileep kumar, Devanand, Rajkapoor, Motilal, Ashok Kumar, K.L Sehgal the iconic ones, they never danced. We left it to the grace of the fairer sex. And in those even dances were very classical.

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