Calcutta: Business leaders of tomorrow need to protect the interests of their companies with the greatest needs of society to help develop the country economically, YC Deveshwar, Chairman of the Board of Governors at Indian Institute Management, joka said monday.

“Who should have a social purpose,” said Deveshwar and also address the convocation of the Institute. “The interest of the organization should be subordinated to the interests of society,” he said. “Companies need, apparently for the divergent interests of stakeholders, so that society benefits.

Deveshwar, who is also chairman of tobacco giant ITC Hotels Ltd, said the country had a long way to go Economic ensure that the living conditions of populations improved.

“Fifty years after independence, 26 per cent of our population lives below the poverty line,” he said. Deveshwar, said the key to making the economy was ahead in innovation and thinking out of the box.

“What is the rate overseas is not necessarily applicable here,” he said. “It is not enough to benchmark against the best in the world. They have contributed to the creation of new evaluation criteria was to advise the Deveshwar’s graduates.

Confederation of Indian Industry Tarun The Director General said India possessed one of the best talents in the world. But the problem lay in the fact that Indians are often not function properly and therefore did not have the same results as their colleagues elsewhere.

“The eagle, learn to fly in a formation,” he said, and refers at the same time that the challenges in the future store managers. Having said that entrepreneurship should also be utilized so that the country could grow at a faster pace. India-economy, is projected to grow only 4.4 percent during the year, one percent less than last year.

Hundertachtzig-five students have obtained their postgraduate diploma in management (PGDM), Puneet Singh on Monday, the safeguarding of the first rank Anchal Jain and the second in two years. The certificates were presented PGDCM graduate courses and evening, of course, in management.