Key to political stability for corporate reforms: PM


ISB: Redefining the business

– Since 2001, more than 50,000 executives have passed out

– ISB is among the best business schools in Asia

– ISB graduates at the head of large companies

– They have created many start-ups and played a role in the creation of several unicorns

– ISB playing a key role in business dynamics

Hyderabad: Due to continued political instability over the past three decades, the country has suffered from a lack of political will and refrained from implementing major reforms and decisions, Prime Minister Narendra Modi said on Thursday. . However, the nation is now seeing political determination and reforms also being implemented continuously since 2014, he said.

While addressing the 20th anniversary celebrations and graduation ceremony of the class of 2022 postgraduate program at the Indian School of Business (ISB) here on Thursday, Prime Minister Modi said: ” India is the fastest growing economy among G-20 countries besides boasting of several other achievements including in start-up environment and attracting highest number of FDI ever Due to continued political instability over the past three decades, the country has experienced a lack of political will for a long time. The country has remained on the sidelines of reforms and major decisions. Since 2014, our country sees a political will and also, reforms are implemented continuously.

Telangana Governor Tamilisai Soundararajan, Minister of Tourism, Culture and North East Region Development G Kishan Reddy were among other dignitaries present.

Modi also recalled that former Prime Minister Atal Bihari Vajpayee dedicated this institution (ISB) to the country in 2001.

“Since then, more than 50,000 executives have passed out from ISB. Today, ISB is among the top business schools in Asia. impetus to county affairs,” Modi said, before presenting medals. to some of the meritorious graduates.

“All of you business professionals have an important role to play in this. And this will be a great example of service to the country for you,” he added.

Students here have created hundreds of startups and played a role in creating unicorns, Modi said, adding “This is an achievement of ISB and a cause of pride for the whole country.”

On reforms, he said that public and popular support is assured when reforms are undertaken with determination and political will, he said.

Listing the achievements, the Prime Minister said that in the case of Smartphone Data Consumer, India ranks first and also ranks second when it comes to Internet users. “India ranks second in the Global Retail Index. India has the third largest start-up ecosystem in the world,” he said.

India is emerging as a major growth center today and the world realizes that India is synonymous with business, Modi said.

Noting that often Indian solutions are implemented globally, he called on ISB graduate students to link their personal goals with those of the country.

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