A conference on ‘Financial Markets and Economic Development’ was organised by the University School of Management Studies (USMS) of the Guru Gobind Singh Indraprastha University, in association with National Stock Exchange (NSE) and ICAI’s Accounting Research Foundation. AR Kohli, former Governor of Mizoram was the chief guest on the occasion. Delivering his address, Kohli underlined the need to speed-up the reforms process in the country for ensuring economic development of the country. He highlighted the need for inclusive growth in order to broaden the beneficiary base of the economic development process.
The keynote address was delivered by Stanislas Dembinski, reporter from French paper —le Nouvel Economiste. He stressed upon the need to develop world class infrastructural facilities in India for attracting foreign investment to the country. G C Sharma from NSE was the guest of honour. Prof Sanjiv Mittal, dean of the School welcomed the speakers and paper presenters to the conference.
The conference started with a pre-conference panel discussion on the topic — ‘Employability skills for Finance Graduates’. The team of experts for the panel discussion included Prof Anand Sharma from IIM Banglore, Jagdish Kapoor, senior consultant at ICAI-ARF, GC Sharma, Priyanka Bhatia, KPMG and was moderated by Dr. Shilpa Jain, associate professor at USMS. Around 60 research papers which were authored by students, research scholars, academicians and industry professionals were presented and released in the form of conference proceedings under four broad categories — financial markets, banking sector, economics and financial inclusion.
The theme of the conference was related to a number of reforms have taken place in the Indian economy for achieving fast track growth of the financial markets. Some of the reforms includes Companies Act 2013, financial inclusion, BASEl III implementation, IFRS, financial engineering, corporate social responsibility. Effective governance and sustainability have become important issues for governments, organisations, business leaders and many other stakeholders. Small and medium enterprises are engines for growth and are considered vital to the sustainability of economic development.