Annual Great Lakes - Union Bank Finance Conference
Key opportunities and challenges faced by India in the current VUCA world, discussed at 13th Great Lakes Union Bank Annual Finance conference.
Great Lakes Institute of Management, Chennai organised its 13th Great Lakes – Union Bank Annual Finance conference on Wealth creation in the VUCA world.
Gautam Chikermane - Vice President at Observer Research Foundation & author of ‘Reform Nation’ and ‘India 2030’, addressed 400+ students, staff, and faculty of Great Lakes.
In his keynote address, Gautam Chikermane, focused on the Rise of India in a world of disruptions and elaborated on the three parts of Disruption - Technology, Geopolitics and Setting a Narrative. In geopolitics as a disruptor, he insisted that, “Indian Entrepreneurs must rise to the occasion with world-class facilities. There is governance happening on social media-both dissemination and exchange,” he said. He insisted on the need to have ‘Made in India’ social media platforms to ensure the voice of India is showcased all over the world.
He said, “Ability to study, understand, engage with, influence, and decode public policy is an important skill. It is no longer the domain of those who are elected and selected. Policy making is now a very rooted affair.”
In the second session of the event, Monika Halan - Personal Finance Expert & Author of Best-selling Book 'Let's Talk Money' discussed how the Investment attributes for the VUCA world are long-term inflation and tax plus returns, low cost and low maintenance.
“Of course, savings or investments may start as a residue of income over expenditure, but the eventual goal for all individuals must be to make such savings a target rather than a residue,” she added.
She also said that “Away from the glam and glitz of investing in derivatives and other complex financial products where 90% of the retail investors lose money, investing in index funds leads to great wealth creation, dwarfing returns from other products.”
The conference paved the way for the students to interact with industry experts.
