Indore : Citing facts from the International Monetary Fund (IMF), HDFC Ltd vice chairman and CEO Keki Mistry here on Tuesday said that India could now be considered to enter the Golden Period, a place better than other countries to live in.
“In the current scenario, India, the largest democracy in the world, has the largest young workforce and by the year 2020, will become the fifth largest economy in the world,” he said while delivering a guest lecture at Indian Institute of Management Indore.
The IIM Indore had organised the lecture in the memory of late Nani A Palkhivala, the famous legal luminary, author and orator.
Topic of the guest lecture was “Current State of the Economy and the Importance of the Housing Sector”.
Mistry said, “We are lucky to be in India and it is advancing not only in the technology sector, but also in banking, automobile and housing sector”.
“The RBI has also played a significant role in lowering the inflation rate in the last few years, thereby lowering the interest rates,” Mistry said.
He also talked about the difference in housing policies of India and other western countries.
He concluded his lecture mentioning that India needs youth who are highly energetic, passionate about work; believe that things can be made better even when circumstances are not favourable. The talk concluded with a Q&A session wherein the participants got a chance to interact with Mistry.
His lecture was followed by a speech by Swati Kapadia, director, Nani A Palkhivala Memorial Trust.
Encouraging the students to keep trying till they succeed, she mentioned how Palkhivala overcame his stammering problem and became one of the best orators of the nation.
Earlier, IIM Indore director Rishikesha T Krishnan noted that it’s a pleasure for IIM Indore to conduct a lecture in the memory of Palkhivala, who excelled in multiple capacities and played a stellar role in contributing to the nation.
The event concluded with screening of a documentary film, Nani- The Crusader, which focused on the life and career of Palkhivala.
