< Back to the Message pageMessage from the Director - Admissions

Dear PGDM Aspirant,

Hardly twenty years ago, India managed a GDP of close to a 320 Billion USD, which was a mere 6% of the then US GDP. Foreign debt was crippling our economy till the liberalization platform offered a bail out and a path for growth. In the last two decades, with a consistent growth rate of anywhere close to 8%, our GDP is inching towards the coveted 2 trillion USD mark – which in comparison terms is about 12% of the current US GDP. Turn towards Latin America. Brazil was plagued by hyperinflation through 60s to early 90s. Have you heard of an inflation of 2000%? That was the peak inflation of Brazil in 1994. All that is now history. Move to China. Shanghai’s stock exchange - in the format that the world now knows it – opened up only in the winter of 1990. The fabled skyline of Shanghai is even newer. Travel further north from China and you will find that Russia’s embrace of overall economic growth is post perestroika – a late 1980s political act which finally put a stop to the global cold war. Democracy, private wealth and private ownership in Russia are all just 20 years old. Now move to the southern tip of the dark continent – not much darkness there, I assure you! South Africa unshackled from the apartheid opened up to unprecedented growth and global acceptance a mere couple of decades ago!

What is the relevance of the time frame TWENTY YEARS AGO? That was about the time, you were born.

The last two decades have ushered in the beginning of a new global economic era and the next two decades will ensure its consolidation. How is this relevant to you/us? Our course – Post Graduate Diploma in Management - and its curriculum focuses on this new global order – the Emerging Markets Economic order. As a generation which was born and brought up along with this growth, you are ideally poised to lead the global growth in the coming decades. Through pedagogic insights, case study analysis, international immersions and joint international summers / empirical studies, the PGDM gives you the right platform to emerge as a young thought leader, well versed with the ‘new-era’ economy.

Great Lakes invites the brightest young global minds to join in this journey filled with adventure – let us together explore the new, emerging global economic landscape!

Prof. Easwar Krishna Iyer
Director-Admissions