“India means business” and the world is realizing it, Prime Minister Narendra Modi said at the convocation ceremony at ISB Hyderabad.
He pointed out that Indian solutions are often implemented globally. Therefore, today on this important day, I would like to ask you to link your personal goals to the goals of the country,” he said. The Prime Minister distributed five mantras to the B-school graduates on the occasion:
Need for reform: The prime minister said the need for reforms has always been felt in the country, but there has always been a lack of political will. The country has long suffered from a lack of political willpower due to ongoing political instability over the past three decades. This kept the country away from reforms and from making big decisions. Since 2014, our country has seen political will and reforms are continuously being implemented. Public and popular support is assured when reforms are implemented with determination and political will. He gave the example of the adoption of digital payments among people.
Resilience and strength: The Prime Minister said the resilience and strength of the health sector has been proven during the pandemic. Concerning the Covid vaccines, concerns were raised here about whether foreign vaccines would be available or not. But India developed its own vaccines. Many vaccines have been made which have been administered more than 190 crore doses in India. India has also sent vaccines to more than 100 countries of the world. He also spoke about expanding medical education.
Collaboration leads to better results† The Prime Minister also noted that the bureaucracy has also contributed strongly to the reform process. He praised the people’s participation in the success of the government’s scheme. He said that when people work together, quick and better results are assured. In the current system, government reforms, bureaucracy and people’s participation lead to transformation. He asked the ISB students to study this mechanism of Reform, Perform and Transform.
The right talent must be discovered: The Prime Minister mentioned the biggest reason we see phenomenal performance in every sport after 2014 is due to the confidence of our athletes. He added that trust comes when the right talent is discovered, when talent is retained, when there is a transparent selection and a better infrastructure is available for training, competition. We can see the transformation in the sport due to reforms such as Khelo India and the TOPS scheme right in front of our eyes, he added. Likewise, he cited the Aspirational District Program as a great example of public policy achievement, added value, productivity and motivation.
Being self-reliant: He emphasized the need to give small businesses more opportunities to grow and help them connect to the new local and global markets. Underlining their enormous potential, the Prime Minister said that in order to future-proof India, we must ensure that India becomes self-sufficient. He saw a major role for students from institutions such as ISB. “All business professionals have a major role to play in this. This will be a good example for you of service to the country,” he concluded.
The Prime Minister also paid tribute to those who contributed to bring the Institute to its current glory. He remembered the former Prime Minister Atal Bihari Vajpayee who dedicated this institution to the country in 2001. Since then, more than 50,000 executives have passed out from ISB Hyderabad.
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