Dr IT Group of Institutes organized 9th Annual Business Summit and National Conference on the topic: ‘Emerging Economic Situation and Business Confidence for Better Tomorrow’, at its Banur Campus on the 21st April, 2016. Prof. B. S. Brar, former DUI of Panjab University, Chandigarh was the Chief Guest. Guests of honour were: Prof A.K. Vashisht, Former Dean Faculty of Commerce and former Chairman of UBS; Prof. Manoj Kumar Sharma of UBS, Panjab University; Prof. Vipin Dewan, MD of erstwhile CMTR and now Consultant; CA Suresh Gupta and CA turned Business man, Rajeev Arora. Professor P. Parkash Arya, Managing Director of Dr IT Group of Institutes, spoke briefly about the topic of Business Summit and National Conference, its thematic dimensions and set the tone for the proceedings. He said, “Such forums bring men who matter in achievement from Industry, Business and academics at common platform to discuss status, future strategy and sustaining policy perspectives for the benefit of not only students, Prof. Manoj Kumar Sharma of UBS at the Panjab University delivered Key-note address. He spoke about the status of economy and discussed the historical perspective of growth route the Indian economy has taken during the Governments since 1991. He said, “India is the fastest growing economy to-day operating within the democratic institutions and takes pride in being the world’s largest vibrating democracy. The economy has transformed from consumption mode into investment mode. Employment has increased during the past twenty years. The World Bank has accepted its growth rate as unparalleled. We considered large population as liability (more mouths to eat) but converted our manpower into Asset and now transformed into Growth factor; this is no mean an achievement”. Prof. B. S. Brar, the Chief Guest, spoke eloquently on the topic and confined to Rural Development which, he emphasised, was and continues to be, the core competency of our country as nearly 60% population still depend upon agriculture. He said, “Government should give concentrated attention to agriculture and allied activities for which tremendous scope exists for sustaining our population and exporting processed food by value addition, and for processing agriculture produce through small scale sector and tiny sector development to create self-employment opportunities and to eradicate poverty that is more pronounced in the rural areas”. Prof. Vipin Dewan, Guest of Honour and Business Consultancy icon delved deep into the aspect of technology and drew an interesting mapping of to-day’s technology status in IT, Communication and its application in business, industry and services. He said, “Thirty years back, none could even think of mobile phone, satellite technological application and drone technology; these are dream come true to-day to every person’s awe, surprise and facilitation in personal, social and economic activities: more is to come – for good or bad, as we shall use – we may call them disruptive technologies also, adding in the same breath that service sector should remain the fore-runner in its contribution to the country’s GDP”. Shri Rajeev Arora, CA and Lawyer by profession but turned businessman of substance by design, shared his views on unemployment and said, “The Government should keep its policy consistent and remain focused on alleviation of poverty and reduction of unemployment. The educational institutions should prepare students as job-creators and not mere job-seekers by undertaking drastic changes in curriculum and syllabus. Digital India should become a reality”. The highlight of the Business Summit and National Conference was ‘Panel Discussion”. The Panelists were: Shri Rattan Singh, MD of NITCON; Professor K. K. Mangla, former Chairman of UBS, Panjab University; Shri Rajeev Arora, CA; Shri S. C. Sharma, retired GM of PCL; and Prof. Vipin Dewan, MD of erstwhile CMTR and now Management Consultant. The discussion was made on different aspects and sub-themes of the main subject of the Summit/Conference. Shri Rattan Singh, MD of NITCON, summed up the proceedings and said, “The world has been passing through recession in the shape of declining rate of growth of economies, lower employment and social unrest. Indian economy has resilience and is withstanding all kinds of disruptive waves making menacing way from across the borders. There is aggressiveness on the part of government for mobilizing foreign support for ‘make in India’, ‘Digital India’, ‘skill India’ by permitting and marketing for FDI, technology transfer and to overhaul the education system. The government is ken to further develop the economy and maintain rather increase the growth rate. The government should strive to maintain consistency in its policy, revamp the programmes and get major projects financed by International Financial Agencies or through bilateral/multilateral arrangements. Exports may be directed to countries where competition is less and simultaneously products may be upgraded to take position in world market because of quality”. As many as 30 papers were received and 23 out of them presented by the respective authors, covering sub-themes and diverse aspects of business, technology, English language (communication), etc.