Meghnad Desai Academy of Economics (MDAE) held the second convocation ceremony on the 26th July 2017. This ceremony celebrated the achievement of the 2016-17 batch of students, but was also, a formal welcome to the new batch of students.
The event commenced with sagacious remarks from the dignitaries on the dais. Dr. Indradeep Ghosh, Associate Professor of Economics and Dean (Faculty) at MDAE opened the event on a philosophical note, expressing the power of the human mind. He quoted Swami Vivekananda who wrote “No knowledge comes from outside; it is all inside….. Like fire in a piece of flint, knowledge exists in the mind”
Prof. Ghosh pinpointed the unique characteristics of the teaching culture at MDAE. He highlighted the fact that teachers have been able to change the way students think Economics and not the way they think about Economics. He congratulated the students for having stood the test of challenge and rigor, in the process in which they were pushed and goaded to perform.
Lord Meghnad Desai, Chairman of MDAE and Emeritus Professor at the London School of Economics, reinforced the fact that, completing courses at MDAE was a matter of blood sweat and tears and was intolerant to failure. The study of Economics is germane to all academic disciplines. Markets work, incentives work and prices and costs motivate consumer behaviour. The world listens to economists.
The Chief Guest, Mr. Shaktikanta Das, former Economic Affairs Secretary, Government of India, walked the audience through the current state of the Indian economy. He said the process of economic reforms was unidirectional since 1991 but the pace at which the reforms were being implemented had picked up in the last few years. He reassured everybody that India’s fiscal and growth figures were robust. He explained with detail the beneficial impact of the Demonetisation-policy and the Goods and Services Tax (GST)
Mr. Das also drew on Dr. Ghosh’s reference to Swami Vivekananda who considered Intelligence, knowledge and wisdom as the three intricately related attributes of education. Wisdom combines the first two and is the requirement for effective policy making and effective leadership.
Captain Batra, Vice Chairman, World Trade Centre, pronounced his wholehearted pleasure to collaborate with MDAE in its knowledge generation process. He reiterated Lord Desai’s assertion about the relevance of Economics to all the activities of the real world. He accentuated the empowerment of women and the need to give them due recognition in the arena of world leaders. He concluded with a stunning thought: The world is today debating the introduction of artificial intelligence, so what happens to wisdom? Will wisdom stay intact?
The ceremony then proceeded into the main event; the award of the Diploma Certificates and the Double Award of Merit to Ms. Gargi Kamath for the highest Grade point Average in the course and the best Dissertation.
Date(s) - 26/07/2017