China’s stock market in freefall, Greece’s economy collapsing – these make great headlines, but local economists say these events are having little effect globally.
Govind Hariharan, professor of Economics and Finance at the Coles College of Business at Kennesaw State University, says these stories - while huge in their own countries - are not having ripples in the world market Greece has a gross domestic product that is about the same of greater Miami – about $281 billion. That’s hardly enough to make the world blink.
KENNESAW, Ga. (July 29, 2014) — Govind Hariharan, executive director of the India China America Institute in the Michael J. Coles College of Business at Kennesaw State University, received the Education Leadership Award from the World Corporate Universities Congress, a virtual training and development entity governed by the Global Advisory Council.
The award recognizes business education professionals for their benchmarks in educational practices. The award was given during the World Corporate Universities Congress in Mumbai in June.
The World Corporate Universities Congress brought together a global consortium of academic deans and faculty committed to business education and training to discuss the responsibilities of universities in the face of global problems.
Hariharan delivered the keynote address during the Congress on “Closing the Skills Gap – East and West.”
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Photo (from left): Y.K. Bhushan, senior advisor and head of IBS Mumbai and Chancellor of ICFAI-Meghalaya; Govind Hariharan, executive director of the ICA Institute; and Rajan Saxena, vice chancellor of NMIMS, Mumbai.
Top India scholars and experts share knowledge on U.S.-India relations in daylong forum
KENNESAW, Ga. (Jan. 27, 2014) — India has a great influence on the world not only as the largest democracy, but also as one of the largest food producers and its human resource strength in information technology, according to Consul General of India in Atlanta Ajit Kumar, who spoke during Kennesaw State University’s first India Day on Jan. 24.
Kumar joined other academic experts, government officials and community leaders, including the Ambassador of Trinidad and Tobago Dr. Neil Parsan, Emory University Marketing Professor Jagdish Sheth (who founded the India China America (ICA) Institute), and Georgia Attorney General Samuel Olens, to explore issues relevant to India and the India community in Atlanta, during Friday’s symposia devoted to understanding India’s social, economic and political culture. U.S. Senator Johnny Isakson, who was unable to attend, created a video message for India Day attendees.
“Both countries, India and the U.S., are committed to building peace and prosperity, and they converge on a majority of issues,” Kumar said. “The gender and social gaps are widening. It challenges us to rededicate ourselves to reunite the world.”
Panel discussions during the daylong forum on the Kennesaw State campus focused on key issues relevant to India, including religion, holistic medicine, business, women’s issues and information technology.
Representatives of the religious practices Sikhism, Sufism, Hinduism and Christianity shared their insights on what religion means to them and how it is practiced in the Indian context, while panelists on women and social issues explored some of the employment issues that women face while attempting to work in the India marketplace.
“I think India Day gave me a better cultural understanding,” said Amanda Ray, a senior majoring in English and philosophy. She came to “catch a few of the panels” but stayed almost the entire day, intrigued by how women are combating gender issues like domestic abuse, and learning more about the use of holistic remedies in India.
With more than one billion people living in India, Kumar added that there is an abundant exchange of students and scholars, with nearly 100,000 Indians studying in the U.S. Several Kennesaw State University students who studied, researched or worked in India as part of an Education Abroad program talked about their experiences during the panel discussions.
From doing business in India to understanding India diaspora — a group of people living outside of their homeland— to practicing alternative medicine, India Day offered plenty of interaction. Four KSU student dancers from the College of the Arts performed a traditional Indian dance, called Bharathanatyam, to showcase the classical art form.
The idea of having open dialogue and developing new partnerships is what sparked Govind Hariharan, executive director of the India China America (ICA) Institute, and his colleagues to plan India Day at Kennesaw State.
“Our mission at the India China America (ICA) Institute is to provide greater understanding and greater collaboration in the areas of trade and business,” Hariharan said. “Through India Day, KSU’s faculty partnered with the Consulate of India and several Indian-centered businesses to educate and provide exposure to students and the community on relevant U.S.-India issues.”
The event was organized by Kennesaw State’s India China America (ICA) Institute in the Michael J. Coles College of Business, in partnership with the Consulate of India in Atlanta, Kennesaw State’s Indian Faculty and Staff Association (IFSA) and the Institute for Global Initiatives (IGI).
Kennesaw State University is the third-largest university in Georgia, offering 90 graduate and undergraduate degrees, including doctorates in education, business and nursing and a Ph.D. in international conflict management. A member of the University System of Georgia, Kennesaw State is a comprehensive, residential institution with a growing student population of more than 24,600 from 130 countries.
Thinking of investing in India? There is one sector you may have overlooked: agriculture.
With its growing population, rising income levels and growing middle class, India has attracted the usual investment suspects of retail, aviation and FMCGs. But although it may not be glamorous and it may be politically complicated, India’s agricultural sector is set to expand fast....
Govind Hariharan, executive director of the India, China, America Institute, tells beyondbrics that investment is the first step for the Indian food industry, before the report’s other suggestions can be implemented.
“The appropriate infrastructure is really critical and that’s where the foreign investments will show up and have the greatest returns”, he said. “We have so much wastage in food products and all of those have to be removed before it becomes a really viable investment proposition. [The report] is jumping two steps ahead without having a platform to jump from.”
The real opportunity will arise when the Indian market is integrated with its eastern neighbours. If the proposed highway from India to China is built through Myanmar, and if India’s ports are linked to southeast Asian countries, supply chain infrastructure within India will be needed to ensure the new routes translate into new trade.
The McKinsey report may be bullish but Hariharan points out that agriculture in India is far from a simple investment: “Generally the politics involved with agriculture mean it isn’t the easiest thing to get into, for foreign companies in particular.”
In a pre-election year, it won’t be easy to open the agricultural sector to foreign investment. But if productivity, accessibility and quality are to improve, it’s a crucial step.
Economics professor Govind Hariharan was named executive director of the India China America Institute, which is housed in Kennesaw State’s Coles College of Business, in spring 2011. Previously, Hariharan served as chair of the Department of Economics, Finance and Quantitative Analysis at the Coles College of Business. He is also associate director of the college’s Econometric Center.