Pondicherry University, which is located in South India (in Kalapet, Pondicherry, Union Territory of Puducherry, India), has introduced an MBA program in Financial Technology or Fintech. The new program will be offered during the 2020-21 academic year.
Gurmeet Singh, Vice-Chancellor of the University, has helped with developing the new course which will be offered by the Department of Banking Technology.
Singh has also helped with opening a state-of-the-art conference hall in the Department. He has received assistance from K. Chandrasekhara Rao, Dean, School of Management, S. Sudalaimuthu, Professor & Head, Department of Banking Technology, and other senior faculty members.
The University has also been conducting online sessions that focus on key topics such as the “Need for industrial/ international academic collaboration under New Education Policy 2020.”
Ramanan Ramanathan, Director, Atal Innovation Mission and Additional Secretary, NITI Aayog, stated, during an online discussion, that innovation would play a key role in empowering India’s entrepreneurs. Technology may be used to solve the different challenges India faces today, Ramanathan said.
He added that India appears to be making significant contributions toward global innovation initiatives. He also emphasized the importance of adopting appropriate technologies in education and launching Edutech platforms so that quality education becomes more accessible to people living in India.
Ramanathan also noted that there are five pillars of Atmanirbhar Bharat – which include focusing on the economy, infrastructure, system, demography and demand to support and create a self-sufficient Indian economy. He explained that higher education institutions can help with promoting an innovation culture so that the country can launch projects that will further improve its multi-trillion dollar economy.
While India has a relatively large GDP of nearly $3 trillion, it’s also home to around 1.5 billion people. It can be challenging for the government to support such a large and diverse population. Fortunately, most of the nation’s residents are quite young and may soon begin contributing to its rapidly-growing economy.
The World Economic Forum has estimated that by 2030, India might even overtake the US and become the world’s second or third-largest economy (after China) in terms of GDP. Although this can’t be fully confirmed by other reports, it’s quite possible that India’s economy will grow significantly in the next 5-10 years.