Jul 12, 2017

"Is India Staring at a Demographic Disaster?"- An article by Himanshu Dubey (Student 2016-18 Batch)



All about the good part first, we all are hearing good news about India being the bright spot in the world, F.D.I. inflows are at their peak levels, stock market breaking all previous records, major reforms getting passed, less corruption levels at the highest level of the government, though the root level corruption is still plaguing this nation. You feel things are going in the right direction until you are greeted with the recent job numbers. To set the context right let’s look at some numbers: 12.56 lacs jobs were created in 2009 and a meager 1.35 lacs and 2.31 lacs in 2015 and 2016 respectively. We used to call the period corresponding to the 2009 numbers as jobless growth. What will you call this? Super jobless growth? Or Hyper jobless growth? Well I will leave it to you to come up with fancy terminologies.

Dearth of Investments
So, what’s the reason for all this misfortune which has come our way even when we are the brightest spot and so much F.D.I. inflows are happening? Well to set the record straight, we have to delve deeper into the web of these numbers. Let’s start with the F.D.I. numbers, theoretically F.D.I. has a direct and indirect impact on job creation in not just the sector in which the investment is flowing in but also the complimentary sectors, then why is it not really working out for India? For starters, 60% of F.D.I. inflows in 2016 were in the service sector and a major part of it was directed towards acquisitions and incremental investments which were largely used for debt repayment and acquiring assets. To make matters worse, the ultimate job creating machine of the India, the IT sector is slowing down as it transitions into the new era. The manufacturing sector which can really turn the game on its head is screeching for investments. There is a dearth of private investment in India as the corporate balance sheets are ridden with debt, the banking system is in a huge turmoil (7 lac crores of N.P.A.s) which makes the banks reluctant to lend. Demonetization has also exacerbated the problem by deepening the already existing lending crunch in the country let alone the loss of jobs in the informal sector, the latest GDP numbers quite evidently show the growth slump.

Globalization vs Anti-Globalization
Often, we compare India with China and how the latter posted unprecedented growth figures for 30 straight years. However, the situation now and then is starkly different. World economy was posting better growth rates, world leaders then were in the race of becoming the champion of liberalization. Also, It is not hidden from anyone that how well China capitalized on that, and turned into an economic behemoth it is today. The situation today is just the opposite, World economy is not growing as much it did then, economies in the west are becoming more and more conservative due to pressure from the local public, just to mention the election of Donald Trump as US President and UK exiting European Union reflects the current mood in the west. Even China which rode on this export extravaganza is trying to shift towards a more consumption based economy. So, to think that India can post same numbers as China with the same strategy should be taken with a pinch of salt though it doesn’t undermine the positive impact, manufacturing can have on the Indian economy. As rightly said by Raghuram Rajan, the quintessential former RBI governor that before making for the world, we shall first make for India.

Conclusion
There’s a lot of talk about the demographic dividend India possess, 1 million new young men and women enter the workforce every month in India and unfortunately there are not enough jobs for them to lead their life they dream of. This demographic dividend window is short, if we miss the bus again, this dividend will surely turn into a disaster.

- Himanshu Dubey

Jun 18, 2017

MBA Admissions, 2017-19 Batch: City Meets, Delhi & Kolkata; M.O.M.

IIT Kanpur | MBA 2016-18 batch students organised informal city meets for the upcoming batch’s (2017-19) prospective students to clear admission related queries; and to give the prospective candidates a glimpse of the unique MBA program and life at IIT Kanpur as per their viewpoints based on their year long experience. 


The meets were organised in the two metro-cities: Delhi and Kolkata, on Sunday, 18th June, 2017. The date and cities for the meets were decided based on online survey amongst the candidates, taking current location and availability of majority as the criteria.  Minutes of the two meetings are as follows: 

1) Place- C.C.D., Janpath, New Delhi
Student Facilitators- Abhinav Arora, Shivam Gupta, Siddharth Vohra

Queries were related to the department, the courses offered, Extra-curricular activities, internship opportunities, final placements and the campus.


The prospects were informed that they would have 5 compulsory subjects in the first semester and subsequent freedom to choose form the many electives later on, based on their interests and career goals. (Apart from one compulsory subject each in 2nd and 4th semester.)

They were also briefed about the activities of the student run committees at MBA IITK viz. a viz.: Placement Committee, Cultural Committee, ‘Avant-Garde’ (MBA IITK-Magazine), Public Relations, Corporate Relations and Alumni Relations.

Regarding placements, students were informed about how the process is carried out and how one could get relevant opportunities in their fields of interest in various good companies that recruit our students for internships and placements. The student facilitators also explained about their experiences so far in their respective internship companies i.e. Polaris, Mother Dairy, and Novartis.

The candidates were also informed about the lush green- 1050 acre campus and about the various opportunities and facilities that would be available on the campus, like the O.A.T. - where one can hang around; watch movies and matches; celebrate birthday parties and enjoy interesting varieties of food including Dominoes pizza. (Editor’s note: This list is not exhaustive.) 


2) Place: Barista café, Park Street, Kolkata
Student Facilitators: Himanshu Dubey and Prakhar Barole

NOTE: Redundant Queries, already mentioned above are not included, though extra information for similar queries has been provided below.


To answer the question on subject options available, the facilitators informed that the students were free to pursue any interest by choosing different subjects wherein, even inter department subject selection was also allowed. However, it was informed that while choosing different subjects, one needed to abide by the criterion set by the D.O.A.A. (Dean of Academic Affairs) office, for the requisite credits of every semester and also the final total credits criteria. Further, brief description about the credit distribution and timelines of the Capstone project was also given.  

Apart from this, the facilitators highlighted the role’ I.I.T.’ played in the overall grooming of one’s personality, by providing the stage to not only pursue personal interests but also meet like-minded people through different fests  in the campus, the hostel life, different competitions, sports facilities and other activities. In all, the vivacity of life at IIT K was conveyed to the students.  

Information about the class composition and peer to peer learning opportunities at department and Institute level was also given. Candidates were informed about possibility of interaction with people from different background ranging from mechanical to IT, from chemical to marine; also people from non-MBA background and from other departments like humanities, army, VLFM etc. 

May 19, 2017

Student Experience, Bhavna Uttamchandani, MBA 2015-17 Batch

My rendezvous with Life - MBA Diary


Most of us have read the timeless poem “I have a rendezvous with death”  - by Alan Seeger;
“It may be he shall take my hand  
And lead me into his dark land  
And close my eyes and quench my breath—  
It may be I shall pass him still.
I have a rendezvous with Death”
The beginning of the unforgettable MBA journey of my life had me with the feelings as depicted beautifully in the above stanza. Venturing into an unexplored journey with unknown fellows had taken my breathe but what attracted me more was the promise to explore and challenge my own limits. I was more than ready to quit my job and start this journey and finally it all started in 2015…
From business formal photo-shoots to restless nights to complete the tasks given by the seniors welcomed us to the IIT journey. Neck to neck deadline tasks, the gatherings, the discussions all of these activities introduced me with people from length and breadth of the country. Badminton, Squash, lush green playgrounds and a campus known for its own way of pushing you out of your comfort zone had set the stage for the upcoming exciting two years.
A unique transition one witnesses during the academic sessions is a horizontal system of ideas sharing not only from the professors but an equal reciprocation from the scholars. Every session was a transition within me from attending a monologue to participating in a dialogue. We often hear that theory classrooms do not make a difference in practicalities of life, but I am lucky to witness this hypothesis getting rejected when we got the opportunity to listen to faculties like Rahul Varman, Dr. Jayant Chatterjee who actually brought about a second transition from making their students strive for being person of significance than that of mere success
Mesmerizing PK Kelkar library encompasses in it lakhs of books which are beyond imagination, the flexibility to study any subject being taught in campus, learning foreign languages, working on live projects during course, are just some of the fascinating things that may not be required to get just an MBA degree but were definitely a stepping stone to gaining an altogether different experience of life.
It would be unfair not to mention about one of the most enthralling campuses in India. The feeling of riding bicycle besides beautiful peacocks, becoming habitual of their pihu sound, countless green trees laden with Gulmohar on either side of the roads, having your own Airstrip, are just a few of the perks one proudly enjoys being in IIT Kanpur. Being a foodie, New SAC became a place to enjoy delicious rolls, burgers or a domino’s pizza while enjoying a Sherlock series in Open Air Theater (OAT). Coffee lovers just cannot resist end up lending at the campus CCD daily on their way to library, or one must confess CCD becoming a library itself during exams…
They say that even if you do not play any sport or games or haven’t danced in your life, you’ll do all this in your MBA life here. I discovered myself dancing here, coordinating and managing events and finally falling in love with Snooker as a game.
This journey has materialized the popular conversation from Game of Thrones;
“Bran thought about it. 'Can a man still be brave if he's afraid?'
'That is the only time a man can be brave,' his father told him.”
All I have learned during the whole of this journey is about living the fears to convert them into your strength, wearing every fear of yours as an armor to bring the best out of you, to challenge the status quo, to come out of the fear of losing the job, to come out of failing an exam and to come out of treating yourself less than others and all this will boil down to a single point;
 “It will bring the men out of the boys and women out of the girls who will not fail the ultimate exam , the exam of life…”  
Bhavna Uttamchandani ( MBA | IIT Kanpur - 2015-17 )