On February 27, 2026, the Indian Institute of Management Jammu kicked off the 3rd International Finance and Accounting Conference (IFAC 2026). The conference focused on “Financial Strategies for Inclusive and Sustainable Economic Growth to achieve Viksit Bharat 2047.” This ambitious vision aims for a developed India by its 100th anniversary in 2047.
Swaminathan J, Deputy Governor of the Reserve Bank of India, was the chief guest. During his keynote, he stressed the importance of safety, fairness, and reliability in India’s financial landscape. He pointed out that economic growth should not only be measured by GDP but also by the quality of life for people. He emphasized that finance revolves around trust and clarity, urging future leaders to make principled decisions.
He also noted how technology rapidly changes the finance sector, bringing both opportunities and challenges. Responsible design and fair outcomes for customers are now more important than ever. He encouraged young leaders to think critically about these issues, acknowledging the role they will play in shaping India’s financial future.
Jabir Ali, Dean of Faculty and Research at IIM Jammu, highlighted that education should extend beyond textbooks. It should engage with real-world issues, particularly in public policy and economic development. This approach is crucial for cultivating responsible leaders who can contribute effectively to India’s growth.
Nitin Upadhyay, Dean of Academics, welcomed the attendees and noted that the themes of the conference are timely, given the ongoing changes in India’s financial architecture. He stressed that discussions at IFAC 2026 could provide vital insights for policymakers and practitioners.
The conference also included a panel discussion with financial leaders from various sectors. They examined challenges like slowing deposit growth and the shift of retail investors toward capital markets. The panel highlighted the need for improvements in India’s savings ecosystem while fostering credit expansion.
Recent surveys show that more than 60% of young professionals believe that ethical leadership is essential for sustainable economic growth. This reflects growing awareness that finance is not merely about numbers but also about people and their well-being.
Overall, IFAC 2026 reinforced the importance of building an inclusive financial system. The insights shared at the conference aim to guide India on its path to becoming a developed nation by 2047.
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Iim jammu, Ifac 2026, International conference, Financial strategies, Inclusive growth, Sustainable economy, Viksit bharat 2047, Reserve bank of india, Swaminathan j, Jabir ali, Nitin upadhyay, Pranab ranjan das
