Tuck India Business Conference 2008

About

Contents:
Tuck India Business Conference
India
Facts & Figures
Tuck India Alliance

Tuck India Business Conference (back to contents)

Tuck has been at the forefront of addressing the rising pre-eminence of India in global business in its educational offerings and through events such as this conference. The Tuck India Business Conference provides an opportunity for thought leaders, business leaders, entrepreneurs, professionals, investors and students to discuss their strategies in the context of an emerging India

TIBC 2007

On May 4, 2007, ten visiting executives - four of them based in India - shared their experiences doing business in India with more than 200 people at the first annual Tuck India Business Conference. The conference received an overwhelming response from both the business and the academic community. For more details please click here to download a brief published by the Center for International Business describing the conference last year.

Links to past conferences:
Tuck India Business Conference 2007

India (back to contents)

India is a mosaic of opportunities and challenges. The balance between India’s cumbersome democratic system and fast-paced vibrant economy is fascinating because in the modern age, development and democracy have often been at odds with each other. We have seen that in the recent past India’s economy has been on an ever increasing growth curve. With positive indicators such as a stable ~8% per cent annual growth, rising foreign exchange reserves, a booming capital market and a rapidly expanding FDI inflows, India has emerged as the second fastest growing major economy in the world.

Facts & Figures (back to contents)

The economy has been growing at an average growth rate of 8.8% in the last four fiscal years (2003 - 07), with the 2006-07 growth rate of 9.6% being the highest in the last 18 years. Significantly, the industrial and service sectors have been contributing a major part of this growth, suggesting the structural transformation underway in the Indian economy
GDP at market prices has increased from US$ 20 billion in 1950-51 to US$ 912 billion in 2006-07 and is expected to cross a trillion dollars in the current year. In terms of purchasing power parity (PPP), India’s GDP at US$ 4 trillion in 2006-07 accounted for 6.3% of global GDP
This growth has not been jobless growth. During 1999-00 to 2004-05, India added to its workforce about 12 million people each year. During this period, the rate of growth of employment was 2.9% per year. India, after China, is the fastest growing economy of the world
The proportion of people living below the poverty line in India has declined from 51.3% in 1977-78 to about 22% in 2004-05. But in absolute terms they still number around 250 million
More than one third of Indians, 1.1 billion people, live on less than one dollar a day. But India has achieved an enrollment ratio of 95% in primary education. Of the children in school, 73% are now reaching Grade V
As the Indian economy grows and draws more people into the development process, it has taken care to provide a safety net for the poor. India has a guaranteed wage employment program that assures to the poor work for 100 days in a year and provides them a wage of Rs. 80 (or US$ 2) per day
India is also on target on elimination of gender disparity in primary and secondary education [1]

You cannot help but agree with the Indian Finance Minister who said, “On August 15, 2007, India turned 60, still a young nation. It is also a young nation in another sense. One-third of the population is below the age of 15 years. India is the only large country in the world where the size of the working age population will grow - and will exceed the number of dependent children and old persons - until 2025, the year up to which projections of population have been made, and perhaps even beyond till 2045. The size of the work force will grow, incomes will grow, savings will grow and investments will also grow. The challenge is to seize the opportunity and turn India into an economic powerhouse.” [1]

[1] Indian Finance Minister’s speech at the Oslo: http://pib.nic.in/release/release.asp?relid=32151

Tuck India Alliance (TIA) (back to contents)

Mission

The Tuck India Alliance is focused on bringing India and Tuck closer. The key activities of the forum include:

Hosting the annual Tuck India Business Conference
Bringing in knowledgeable speakers to discuss strategies on India
Working with the Tuck faculty to disseminate research and knowledge about India through the publication of articles, podcasts, blogs, and case studies
Recruiting companies to support the efforts of the TIA
Coordinating these efforts with CDO, Admissions, Alumni and other Tuck centers

Selecting the TIA Student Board Members

New Tuck India Alliance Board Members are selected through two processes.

One student board member is appointed unanimously by the outgoing student board
Two other student board members are selected by a subcommittee of the board. The subcommittee consists of Prof. Bernard, Sally Jaeger, and Jonathan Masland
In case the outgoing student board cannot unanimously appoint a board member, the third student board member is also selected by the subcommittee The subcommittee will accept applications from the Tuck student body. In addition to an essay outlining why the candidate should be on the board, participation in conference planning and TIA activities during their first year at Tuck will be taken into consideration.