Role of International conferences in the Indian economy
India, a diversifying nation having a dynamic developing economy is growing at a fast pace on a global scale. The introduction of globalization brings in vital changes in the Indian economy on a national as well as international level. Globalization and India’s development go hand in hand. Indian affairs are deeply affected by actions taken up internationally.
Also, India's geographical position in south Asia on the world map played a very vital role in forming a strong connection with the other east Asian countries. India shares strong cultural roots with these countries on trading and socioeconomic grounds. Also frequent capital flows, technological development has been the important elements in building strategic planning among the countries.
This connection hiked up with the support of developed countries like China and Japan. Their involvement positively impacted the expansion of India-East Asia connections.
Just like two sides of a coin, this international connection also has two sides. After throwing some light on its good side, let's take a look at its bad side too.
The international connection between these countries entirely changes trade and commerce leading to new organizational growth. Do these changes create unhealthy competition between India and other developed countries forming serious questions like do India, China, and Japan work on making a strategic partnership? and much more. These global tie-ups also impact the lives of humans and lead to facing issues like terrorism, global environmental issues, and national clashes. India had become prone to security threats with these global connections.
These problems arise a need to address these issues on a big level.
What can be the one way to look upon these issues well, the most effective one was conducting international conferences between the countries.
To understand the importance of international conferences for the Indian economy, let's talk about some of the popular conferences that took place in the past years.
1. 2013- Global seminar on collaborative regimes of the coming up markets. The conference mainly focuses on looking at the effect of corporate governance over firm performance and economic development and also the role of local, legal, and political institutions framing corporate governance systems in evolving markets. This conference also aims at providing ease of proclamation of art and research in the markets assisting support policy and practice development.
2. 2012- international conference on development- successes and challenges achieving economical,social and sustainable growth.
Focus points of the conference were
● India’s economic expectation
● The reframing role of administrative data in appraising economic policies
● The part of data mechanisms in Indian economic growth.
● Value of Biodiversity and ecosystem services in South Asia And India
● Energy and environment policy.
● Changes in the Indian economy and its agriculture
● Food policy reform- quick glimpses of possibilities
