PM addresses the graduation ceremony of the PGP Class of 2022 in ISB, Hyderabad

Acknowledges the role of students of ISB in the economic and business
landscape of the country

“Today the world is realising that India means business”

“I would like to ask you to link your personal goals with the goals of
the country”

“Due to the continuous political instability in the last three
decades, the country has seen a lack of political willpower and stayed
away from reforms and big decisions”

“In the system now government reforms, bureaucracy performs and
people’s participation leads to transformation”

“To make India future-ready, we have to ensure that India becomes
self-reliant. All you business professionals have a big role in this”
Posted On: 26 MAY 2022 3:41PM by PIB Delhi
Prime Minister Shri Narendra Modi participated in the celebration of
the completion of 20 years of ISB Hyderabad and addressed the
graduation ceremony of the PGP Class of 2022.
At the outset, the Prime Minister paid tributes to those who have
contributed to take the institute to its current glory. He recalled
that former Prime Minister Atal Bihari Vajpayee dedicated this
institution to the country in 2001. Since then, more than 50 thousand
executives have passed out from ISB. Today ISB is among the top
business schools of Asia. Professionals passed out from ISB are
helming top companies and giving momentum to the county’s business.
Students from here have created hundreds of startups and played a role
in creating unicorns. “This is an achievement of ISB and a cause of
pride for the entire country”, he said.

The Prime Minister noted that today India is the fastest growing
Economy in the group of G20 countries. In the case of Smartphone Data
Consumer, India is at number one. If we look at the number of Internet
users, then India is second in the world. He said India is also second
in the world in the Global Retail Index. The world's third largest
startup ecosystem is in India. The world's third largest consumer
market is in India. India is emerging as a major centre of growth
today. Last year, the highest ever recorded FDI came into India. Today
the world is realising that India means business.

The Prime Minister pointed out that often Indian solutions are being
implemented globally. Therefore, “today on this important day, I would
like to ask you to link your personal goals with the goals of the
country”, he said.

The Prime Minister said that the need for reform was always felt in
the country, but there was always a lack of political willpower. Due
to the continuous political instability in the last three decades, the
country has seen a lack of political willpower for a long time.
Because of this the country stayed away from reforms and from taking
big decisions. Since 2014, our country is seeing political will and
also, reforms are being done continuously. Public support and popular
support is assured when reforms are undertaken with determination and
political will. He gave the example of adoption of digital payments
among people.

The Prime Minister said that resilience and strength of the health
sector was proved during the pandemic. Regarding the Covid vaccines,
concerns were being raised here whether foreign vaccines would be
available or not. But India developed its own vaccines. Lot of
vaccines have been made that in India more than 190 crore doses have
been administered. India has also sent vaccines to more than 100
countries of the world. The Prime Minister also talked about the
expansion of medical education.

The Prime Minister also noted that bureaucracy has also made firm
contributions in the reform process.  He credited the people's
participation in the success of the government’s scheme. He said that
when people cooperate, quick and better results are assured. In the
system now, government reforms, bureaucracy performs and people’s
participation leads to transformation. He asked the ISB students to
study this mechanism of Reform, Perform and Transform.

The Prime Minister cited the biggest reason that after 2014 we are
seeing phenomenal performance in every sport is due to the confidence
of our athletes. He added that confidence comes when the right talent
is discovered, when there is handholding of talent, when there is a
transparent selection and a better infrastructure is available for
training, competition. We can see transformation in sports due to
reforms like Khelo India and the TOPS scheme right in front of our
eyes, he added.  Similarly, he cited the Aspirational District
Programme as a great example of performance, value addition,
productivity and motivation in the public policy sphere.

Commenting on the changing business landscape where formal, informal,
small and large businesses are expanding their horizons and giving
employment to lakhs and crores of people. He stressed the need to give
more opportunities to grow to small businesses. And help them in
connecting with the new local and global markets. Underlining their
immense potential the Prime Minister stressed that to make India
future-ready, we have to ensure that India becomes self-reliant. He
saw a great role for students from institutions like ISB. “All you
business professionals have a big role in this. And this will be a
great example of service to the country for you”, he concluded.

-Press note