Mysuru: India’s ascent as a global economic powerhouse is gaining attention. Speaking at the 10th International Economic Conference hosted by SDMIMD, retired Major General Rajiv Narayanan emphasized how factors like a robust manufacturing sector and solid domestic consumption are propelling this growth. He believes that India is not just on the rise but is also becoming a strong voice for developing nations, impacting global diplomacy.
During his talk on “Global Geopolitics and the Indian Macro Economy,” Maj Gen Narayanan connected India’s current status to the historical cycles of rising and falling powers. He pointed out that India is at a pivotal moment, contributing positively to global economic stability. This is timely, especially as evolving U.S. tariffs create new possibilities for partnerships between Indian companies and global corporations.
Maj Gen Narayanan also celebrated the success of Operation Sindhoor, which has boosted India’s defense exports and expanded the defense industry. He highlighted the importance of investing in research and development, nurturing startups, and creating strong ties between public and private sectors to fortify the economy. His insights align with recent market trends—research shows that innovation and collaboration significantly enhance economic resilience.
Prof. M. S. Sriram from IIM Bangalore provided a keynote speech, discussing India’s agricultural landscape. He called agriculture a “circular economy,” but noted ongoing sustainability challenges. “We need more people involved in agriculture,” he said, pointing out that profitability isn’t just about financial returns but also about the intellectual contributions that can drive social change.
Dr. Prasad S. N., Director of SDMIMD, remarked on the unpredictable nature of today’s global economy. He observed that the pandemic reshaped many investment strategies. During COVID-19, India played a vital role in global supply chains, particularly in medicine and food distribution, showcasing its potential on the world stage.
The conference also included discussions on corporate social responsibility and sustainable growth, with speakers like Anupam Bajpai from JK Tyre sharing insights into creating inclusive economic pathways. Over 160 research papers were submitted, highlighting the urgency and relevance of these discussions, drawing participation from academics and students alike.
As India continues to navigate the complexities of global economics, it becomes clear that the collaboration between sectors—public, private, and academia—will be key to maintaining this trajectory of growth and stability.
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Maj Gen Rajiv Narayanan,Mysuru,SDMIMD
