XLRI Jamshedpur’s Platinum Jubilee Celebrations: India set to become 3rd largest economy by decade end, says Vice President Jagdeep Dhankar

Jamshedpur : Vice-President Jagdeep Dhankar on Sunday said that country’s economic progress from being the 5th largest global economy to becoming the 3rd largest global economy by the end of the decade. The World Bank has reckoned that what India has accomplished in 6 years for digital inclusion, the world typically takes 47 years to do the same. This commendation from the World Bank is a tribute to the present governance model that is highly accountable and transparent.

As a part of the Platinum Jubilee Celebrations, XLRI – Xavier School of Management Jamshedpur, hosted the Vice-President of India, Jagdeep Dhankar at Tata Auditorium, XLRI Jamshedpur.

 Accompanying the Vice-President, C.P. Radhakrishnan, the Governor of Jharkhand, and T V Narendran, CEO & Managing Director of Tata Steel Ltd, and Chairman of XLRI, also graced the occasion.

The Vice-President said that India’s efficient digital payment system is now being adopted by nations like Singapore. Our UPI Transactions alone reached 1.5 trillion US Dollars surpassing major economies of UK, US, Germany and France’s digital payments. Our transactions happen to be 4 times more than the transactions of these nations. Our per capita mobile data consumption is an important indicator, this reflects technological penetration. Its extensive use means that people in villages, semi-urban & urban areas have started using it and that is more than that of China & UK taken together for 2022. In 1990, to sustain our fiscal credibility we had to send in physical form of gold to Banks and now our foreign exchange reserve is around 600 billion, a great accomplishment. Today we are standing at the threshold of the 4th Industrial Revolution, it is indeed a transformative era, propelled by cutting-edge technologies like Artificial Intelligence, Machine Learning, Internet of Things, etc.”

Along with the guests, present on the dais were Fr S George SJ, Director-XLRI, Fr Donald D’Silva SJ, Dean-Admin & Finance, XLRI & Prof Sanjay Patro, Dean-Academics, XLRI.

Fr S George SJ, Director, XLRI Jamshedpur welcomed the guests and said, “XLRI has been a beacon of excellence in management education for the past 75 years, and today as we mark this significant milestone, we are privileged to have the esteemed presence of Honourable Vice-President of India, Shri Jagdeep Dhankar and Honorable Governor of Jharkhand, Shri C.P. Radhakrishnan.”

“The successful alumni show how impactful the education here is, making significant contributions in various areas and playing an important role in the development of our nation. XLRI’s Platinum Jubilee is not only a time of reflection but also an opportunity to look forward in this ever evolving world in shaping the leaders of tomorrow”, said Shri C.P. Radhakrishnan, the Honorable Governor of Jharkhand.

Jagdeep Dhankar congratulated XLRI on completing 75 years of excellence & nation building. He said, “XLRI stands tall as an emblem of academic excellence, ethical leadership, instilling a profound sense of commitment to the greater good. The institute holds a place of pride as the 1st business school of our country in management education. Over the last 75 years it has produced leaders who are not only successful leaders but also compassionate humans who are ready to serve the society selflessly. XLRI has contributed significantly to India’s growth by producing leaders who are not only capable of driving economic progress but also nurturing the ethical values of our society and its needs.”

Jamshedpur : In a significant development, the Vice-President of India has extended a gracious invitation to the students and the staff of Xavier School of Management (XLRI) for an exclusive visit to the Indian Parliament. This move aims to foster a deeper understanding of the nation’s political processes among the future leaders of XLRI.

Furthermore, the Indian Council of World Affairs is set to solidify this commitment through a Memorandum of Understanding (MoU) with XLRI before January 31, 2024. The MoU will pave the way for collaborative initiatives, allowing XLRI students to engage with global leaders across diverse fields.

This collaboration reflects a strategic effort to bridge academia and real-world diplomacy, providing XLRI students with unparalleled opportunities to interact with influential figures and gain insights into the complexities of international affairs. Stay tuned for more updates on this dynamic partnership.