Dr. PK Mishra, Principal Secretary to Prime Minister Narendra Modi, highlighted the crucial role Indian Institutes of Management (IIMs) play in driving India’s growth during a speech at the second annual convocation of IIM Mumbai. He emphasized that IIMs matter even more now in the Amrit Kaal era, a time of opportunity and transformation for the country.
Speaking to reporters after the event on Saturday, Mishra praised how IIM alumni have made big impacts in Indian industries, commerce, and governance. “IIMs have a huge role,” he said. “Their graduates contribute immensely to our economy and leadership.”
Mishra also touched on the fast pace of technology changing the world. He pointed to breakthroughs like smartphone revolutions, big data analytics, augmented reality, 3D printing, robotics, blockchain, and artificial intelligence reshaping how we connect, travel, and work. Amid these shifts, India has emerged as a global innovation powerhouse. The country boasts over 100 unicorns—startups valued at more than $1 billion—and nearly 200,000 startups, making it the world’s third-largest startup ecosystem.
Despite global hurdles, India pushes forward boldly, Mishra noted. He mentioned trade wars between major economies, geopolitical tensions in Ukraine and the Middle East, climate change challenges, AI disruptions, supply chain issues, protectionist policies, and new tariffs. “In all these complexities, India moves ahead with courage and confidence,” he said.
To bridge innovation gaps, the government has launched key initiatives. These include the Rs 1 lakh crore Anusandhan National Research Fund for basic research and prototypes, the India AI Mission to lead in artificial intelligence, and a deep tech fund to support high-risk, game-changing startups. “These are important first steps,” Mishra added.
Tying into Prime Minister Modi’s vision of Viksit Bharat—a developed India by 2047—Mishra urged the graduates to drive progress through reform, performance, and transformation. “Our PM wants us to take India to the next level,” he said. “You all will play a critical role in making India developed by 2047. It’s about responsibility, not just capability.”
Mishra stressed that success goes beyond technical skills. Attitude and teamwork are key for collective efforts. “Technical know-how is essential, but not enough,” he explained. “Interactions with colleagues, stakeholders, and even political leaders matter for national goals.” He warned that even brilliant individuals fail without team cohesion, especially in an uncertain, ever-changing world where research and development rely on collaboration.
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