New Delhi (02/11/2025): The IILM University Gurugram, is set to celebrate the three–day summit with the grand celebration of leadership, innovation, and entrepreneurship. It all brings together visionaries and changemakers at the IILM Lodhi Road Campus, New Delhi.
This summit commenced with IILM Convocation 2025 on 2nd November. The IILM invited Shri. Amitabh Kant (Former G20 Sherpa and former CEO, NITI Aayog) as a Chief Guest .
Doctoral Degrees (Honoris Causa) were conferred upon eminent personalities to R. C. Bhargava, Kapil Dev, Abha Adams, Rajeev Sethi, and Abha Dalmia for recognising exemplary contributions to society.
The summit will continue on 3rd November with an in-house ideas Exchange for the faculty and students of IILM University.
In Convocation Address Amitabh Kant said that , “From being the key driver of the growth, progress and prosperity in 17th Century . India was moved to the periphery of the global economy during British Raj . After the British Raj for many decades, we were governed by the licence raj and it was only 1991 that we got the first wave of the liberalisation”
He furgtyef added that many industries still lack of ease of doing business etc . Just a decade back, India was termed as one of the most fragile five countries of the world. It is today the 4th largest country in the world in terms of economic power. In 2 years, India will take Germany to become the third largest economy in the world. India has done several things, it has brought a huge number of institutional reforms. The goods and services tax, The Insolvency and Bankruptcy Code, corporate tax, focus series of doing business, the Real Estate Regulation Act. There were all the products of the time and period when India saw liberalization.
In a very big way, India has also digitalised its economy in a very large way. We are the only country in the world with 1.5 billion people having a digital identity and in 2015 and 2017, India opened closed to 550 million bank accounts. Every second a bank account has opened in India. In 2015, only 18% women had a bank account in India. But today, 91% of women have bank accounts in India.
So what do we see, the bank accounts linked with mobile number and digital identity. Most of the people use mobile apps for the fast payment. Almost 50% of the fast payments of the world are done in India and China is second which is 20%.
But in young startups, they use credit history to provide payments which we make. They looked at the payment history and then the channel providing credits to a large number of people. Another set of startups like Zerodha , growup stocks who actually took the stock market to the tier, 2 tier, 3 tier cities to the rural areas.
The breakdown of stabilities which we saw post world war 2. We now see the breakdown of the United Nations, World Trade organisation and Security Council . We saw the breakdown of the heart of Europe for the last 4 years. When these countries were growing, their global value was changed when they were growing. The record of exports to Europe were broken. But today you seen the protectionism, tariff were imposed so the period of free trade has come to the end.
But we are also living in a period which is not the witness of the greatest period of productivity and rise of the growth largely because of the rise of data, machine learning and artificial intelligence.
What we see today is the biggest area of productivity and learning across the world. We see United States as the biggest investment of almost 75% of the investments are coming in the last 4 to 5 years in the field of artificial intelligence.
So AI, machine learning, Quantum computing, robotics are adding worries to a lot of rise of productivity. What is not possible yesterday, improving learning outcome, health outcome, nutritional standards. All are possible today at much fastest and largest face because of the use of technology.
The domestic challenges of making manufacturing and export growth are the challenges to improving learning outcomes, health outcomes and the eastern part of India.
India is ruling the northern, eastern and southern part but the northern part is the most popular part of India that is Bihar, UP, Jharkhand, Chhattisgarh are still not growing.
Show the growth is the equity i.e, one of the biggest challenges.
It’s very difficult for India to grow without a huge improvement in human development.
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