The University Business School, PU, Chandigarh organised the Induction Program for the MBA/MBA(Entrepreneurship)/MBA(IB)/MBA(HR)

Chandigarh:

The University Business School, Panjab University, Chandigarh
organised the Induction Program for the MBA/MBA(Entrepreneurship)/MBA(IB)/MBA(HR)-Ist Year students on
08.07.2019 at 1130 AM in the Auditorium, Arts Block-II, Panjab
University, Chandigarh. Professor Raj Kumar, Vice Chancellor, Panjab
University, Chandigarh presided over the event, Shri Ashish Kumar
Chauhan, Managing Director & Chief Executive Officer (CEO), Bombay
Stock Exchange (BSE), Mumbai was the Chief Guest. Professor Deepak
Kapur welcomed the distinguished guests, faculty, staff and students
and presented the mementos to the distinguished guests. He informed
the audience that in the 51st year of the commencement of the MBA
program at the UBS, a new program with the nomenclature
MBA(Entrepreneurship) has been started. Professor Deepak Kapur also
introduced the Chief Guest Mr Ashish K Chauhan to the audience.
Thereafter, Professor Raj Kumar, Vice Chancellor, Panjab University,
Chandigarh addressed the audience. He stressed the importance of
Entrepreneurship. Thereafter, Mr Ashish Chauhan delivered his address.
He stated that unlike the earlier times when technology changed in one
or two generations, in the present day technological change comes in
waves, and these technological waves are becoming faster and faster.
He stated that the next 50 years would see the wealth creation that
has not been seen ever during the last 10,000 years. He was optimistic
that with majority of the Indian population comprising of the younger
age group, the next few decades would see the emergence of India as an
economic power house. he predicted that if everything goes well, next
50 years would see India become an 100 trillion dollar economy,
comprising of about 15% of the world’s GDP of estimated 720 trillion
dollars.Mr Chauhan delineated the developments in the Indian economy
since independence in 1947, and gave reasons as to why the People’s
Republic of China that was even slightly behind India in terms of per
capita GDP in 1978, has not only overtaken Indian during the last four
decades but has progressed to an extent that has resulted in a per
capita GDP lead of China by over about six times over that of the per
capita GDP of India.

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