ICFAI University, Jharkhand (IUJ) organised the Valedictory session, to conclude the first module of its Ph. D. program (Part time) in Management program at its Ashok Nagar campus in Ranchi.
Speaking on the occasion as the Chief Guest, Dr. DK Tiwari, I.A.S., Principal Secretary, Dept. of HRD, mentioned that Research is an intellectually interesting and insightful journey, leading to innovative solutions to problems. India accounts for just 3.5 percent of global research output in 2010, as per report from Thomson Reuters.
In Economics and social sciences, it is as low as 0.6 percent of India has to step up its research output, to keep pace with other developing countries, if not developed countries. He exhorted scholars to take up research in areas of management, which can help in taking strategic decisions for allocation and deployment of resources.