MANAGEMENT SCHOOLS groom talent to run enterprises, which in turn create wealth for an economy. So, in a round-about way business schools do play a role in determining the strength or weakness of an economy. After all, the minds that take crucial decisions in the manufacturing and services sectors invariably have names of the major B-schools emblazoned on their business cards.
So in a year in which the index of industrial production (IIP) is at the lowest in recent memory, should we laud or berate the plethora of management institutes that have sprouted up across the country? To be fair to the professional managers and the trade and industry they run, the slowdown is global. In its October report, the World Bank Group announced that the global GDP had fallen to a three-year low of 2.4 per cent in the second quarter of 2019. “Global goods trade has continued to contract, reaching a new post-crisis low, while services export orders have started to show signs of easing,” the report said. It also spoke of “subdued inflation and slowing activity” in the emerging markets, which includes India.
Meanwhile, in its Quick Estimates of the Index of Industrial Production for the April to September period, the Union Ministry of Statistics and Programme Implementation shows a “cumulative growth” of an abysmal 1.3 per cent. As many as 17 of the 23 industry groups monitored by the ministry have recorded negative growth in the first half of the 2019-20 financial year.
Denne historien er fra November 09, 2019-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 09, 2019-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.