Krea University presented India@100: Envisioning Tomorrow’s Economic Powerhouse – a book launch and talk by Professor Krishnamurthy V Subramanian, Executive Director, International Monetary Fund (IMF) and Professor of Finance (on leave), Indian School of Business (ISB) on 9 August, 2024 at Krea University, Sri City campus.
The event featured the launch of the book India@100: Envisioning Tomorrow’s Economic Powerhouse by Professor Krishnamurthy V Subramanian.
Carolynn Kurien, a second-year BBA student at IFMR GSB (Graduate School of Business) and Sneha Sucharita Palei, a third-year BA student (Economics major) at SIAS (School of Interwoven Arts and Sciences) welcomed Professor Subramanian. The event commenced with an address by Professor S Sivakumar, Dean, Research and Professor of Physics, SIAS, Krea University. Professor Subramanian presented copies of his book to distinguished guests, including Dr Suchika Chopra, Assistant Professor of Economics, SIAS, Krea University; Dr Rohan Gudibande, Assistant Professor, SIAS, Krea University; Dr Soumya Pal, Assistant Professor, IFMR GSB, Krea University; Satish Kamat, President, Sri City Operations and to the Krea University library.
All About Economy
The session that followed delved into the pivotal themes of the book, highlighting the transformative opportunities that await India and the essential reforms needed to realise the vision of a $55 trillion economy by 2047.
The book, underpinned by thorough research and insightful analysis, identified four critical pillars for India’s growth: the macroeconomic emphasis on growth, strategies to sustain and accelerate economic growth; the microeconomic focus on social and economic inclusion, policies to ensure equitable growth; the vision of ethical wealth creation, encouraging wealth creation that aligns with ethical principles; and the strategy of a virtuous cycle triggered by investment, leveraging investments to create a self-sustaining growth cycle.
Of Inputs and Insights
The author presented a once-in-several-centuries opportunity for India to emerge as a global economic powerhouse. His talk provided students with a broader understanding of the Indian economy by offering key analyses comparing India with other global economic powerhouses, and highlighting how India could become one of the top destinations for career growth in the future.
Professor Subramanian remarked, “India is the place to be in the next two and a half decades,” explaining how India’s GDP is doubling every six years and how this growth can significantly impact the nation’s economy and the financial prospects of every Indian citizen aspiring to achieve their goals.
The session concluded with a Q&A segment moderated by Dr Soumya Pal, Assistant Professor of Economics, IFMR GSB, Krea University, which provided students the opportunity to engage directly with Professor Subramanian, followed by a book signing.
About the Speaker
Professor Krishnamurthy V Subramanian served as the 17th Chief Economic Adviser (CEA) to the Government of India from 2018 to 2021. Appointed as the youngest CEA, Professor Subramanian’s foresight and strategic vision helped the Indian economy achieve significant growth and robust macroeconomic fundamentals despite global challenges like the Covid-19 pandemic and the Ukraine War. His remarkable contributions were acknowledged by the Hon’ble Prime Minister Shri Narendra Modi, who praised his “academic brilliance, unique perspectives on economic and policy matters, and reformatory zeal.”
An alumnus of IIT Kanpur and IIM Calcutta, Professor Subramanian has been honoured with the Distinguished Alumnus Award from both institutions. He holds a PhD from the University of Chicago, and his research in banking, law and finance, innovation and economic growth, and corporate governance has been published in leading global journals.
