It Is Brexit : United Kingdom Votes To Leave EU. How It Impacts India?

Announced and confirmed, it is Brexit. The referendum declares Britain’s exit from the 20 member European Union. It will certainly ripple the global economy and markets, may be in just a blink of an eye. But the question now lingers, will Brexit impact India? If yes, will be on the negative grounds, or positive?

In an article in The Wall Street Journal , Grer IP termed the possible exit of the UK from EU as “the starkest repudiation yet of the postwar consensus favoring ever – deeper global integration”

“A further unraveling would undermine global growth prospects already clouded by aging populations and miserable productivity,” he said in the article.

Indeed, Brexit will have a deep impact on the global economy and in turn on India –

1. The Relationship Of Trade, Export And Import Between India And UK 



In the last five years, the trade has been more or less stable. The figures of India – UK Bilateral trade are considerably going on a much settled note.  Since the two-way trade between India and the UK has been fairly stable, the impact is likeyly to be minimal in this area.

In an article, Biswajit Dhar, a professor of economics at the Jawaharlal Nehru University (JNU) stated “Britain’s exit from the EU probably won’t have any significant impact on this”

2. India Is One Of The Largest Source Of FDI To The UK 

Foreign investment


India invests the maximum in UK than in any other country.  According to Deloitte, as stated in an article, “There are an estimated 800 Indian owned businesses in the UK, including companies like Tata Motors (Jaguar Land Rover – UK Company) with more than 110,000 employees. Further, the UK is also India’s largest G20 investor,” it said.

FDI getting effected by Brexit is an inevitable impact on India.

3. What About The Companies And Profits 



UK is the maximum revenue generator source for Indian companies. Maximum of Indian businesses choose to establish their European offices in the UK, to gain the flexible working operations in the UK and to avail the benefits of staying in Europe. Removing this gateway would be problematic for Indian businesses in the UK, who may choose to relocate and direct investment someplace else.

Nasscom recently in an article said a Brexit will have a negative impact on the $108 billion Indian IT sector in the short term. However, it said the exact nature and extent of the impact will emerge over a longer period of two years or more.

4. Status On Currency And Markets  



Wait for the snowball effect on India, as UK and the US takes the major hit back with currency downfall. This might be due to  foreign investors winning over their losses by sell-offs in emerging markets, including India. Global market volatility will be certainly expected, the pound will depreciate against major economizes. Hence, India cannot escape from this, Sensex and Nifty will tumble in the short-run.

“For India, it would be more of a reaction to global news, which does not affect it directly to a large extent, except possibly some of the corporates which have large exposure to UK. Post the knee-jerk reaction, we may again get on track due to benign domestic factors,” said Ambareesh Baliga, an independent equity markets analyst.

5. All About The Commonwealth, Travel And Workforce 



Britain will always need a continuous inflow of talented workforce, and India has been generating the needs due to its English-speaking population. Migration from European boundaries will be drying up, Britain would will certainly reach out for migration from other countries, which will suit India’s interests.

The UK is one of the most popular destinations for Indian tourists going to Europe. Further, Britain is one of the most important destinations for Indians who want to study abroad. With Brexit, the universities will free up funds and scholarships for students from other countries, just not limited to EU.

References : 
Vox World

Top 5 Achievements Of Raghuram Rajan As RBI Governor

Raghuram Rajan is the 23rd Governor of RBI, the central bank in India. He assumed charges on September 4, 2013. During his stint of almost 3 years, there are some commendable highlights of his contribution in the financial system that is hard to look by.

Here are his top 5 achievements as the RBI Governor – a financial master who is willing to take challenges head on, following facts and numbers about his work is certainly a hard look away.

1. Inflation

Rajan is known for his primary focus on curbing inflation. His biggest achievement is that he successfully brought down retail inflation to 3.78% in July 2015 from 9.8% in September 2013 – the lowest since the 1990’s.

2. Consumer Price Index (CPI)

Under Rajan, the RBI adopted consumer price index (CPI) as the key indicator of inflation, which is the global norm, despite the government recommending otherwise.

3. Strengthen Forex Reserve

India’s Forex Reserve is now stronger by about 30% than it was two years back. During the recent depreciation, Rajan said the central bank has Forex Reserves to the tune of $380 billion, which is a comfortable level, and would intervene if there was a need.

4. New Bank Licenses 

Under Rajan, two universal banks have been licensed and eleven payment banks have been given the nod. This is expected to extend banking services to the nearly two-thirds of the population who are still deprived of banking facilities.

5. Futuristic

Rajan has made an immense contribution to the field of economics, the greatest being his prediction of the economic turmoil in the US and Europe during 2008-2012. The prediction cemented his position among some of the greatest economists of our times.

Most of his reforms and policies are being praised highly. However, Rajan has been criticized on interest rates and inflation issues. He is known for his forward and practical approach as an instrument in battling the inflation which plagued the nation when he was designated the role of RBI Governor.

21st Annual Convocation – Class of 2016 at Lodhi Road Campus

IILM Convocation 2016, Presided Over by Dr. Jyotsna Suri, Chairperson and Managing Director – The Lalit Suri Hospitality Group Ltd

The Convocation of IILM for the Class of 2016 was held on May 4th, 2016 at its Lodhi Road campus.  The ceremony was conducted for all the three campuses of IILM – IILM Institute for Higher Education, Lodi Road; IILM Institute for Business and Management, Gurgaon and IILM Graduate School of Management, Greater Noida.

The ceremony started by lighting the lamp by Mrs. Malvika Rai – Chairperson, IILM ; Dr. Smitha Girija – Director, IILM Institute for Higher Education, Lodi Road ; Ms. Shivani Ahuja – Director, IILM Institute for Business and Management, Gurgaon ; Dr. Taruna Gautum – Director, IILM Graduate School of Management, Greater Noida. The students of all the three campuses were awarded their diplomas by Mrs. Malvika Rai, Dr. Smitha Girija Ms. Shivani Ahuja and Dr. Taruna Gautum. One hundred and sixty seven students completed their post graduate studies at IILM this year and were conferred their diplomas.


Dr. Smitha Girija – Director, IILM then welcomed the chief guest- Dr. Jyotsna Suri – Chairperson & Managing Director of Bharat Hotels that runs the luxury hotels chain “THE LALIT” under the Lalit Suri Hospitality Group. In the past few years the Group has been recognized with number of awards for its distinguished performance like the National Tourism Awards and National Awards for Excellence in Hospitality Education. Dr. Jyotsna Suri was President FICCI in the year 2015-16.  She has been listed amongst the Top 50 Business Power Women in Asia by Forbes Asia and amongst the top 20 Most Powerful Woman in Indian Business by Business Today. She is the only Indian member on the International Executive Committee of the World Travel and Tourism Council (WTTC).

Dr. Smitha Girija, then presented the Annual Report to the audience in which she highlighted the various achievements of IILM in the last one year. She proudly announced that in the EdUniversal rankings of best business schools in India, IILM has been ranked 11 (3 Palmes of Excellence category) for 2015. She also mentioned that IILM offers a wide range of Executive Education Programmes on various platforms and has organized Training programmes for IAS and IPS officers for over 10 years. IILM has also been conducting customized Training programme for leading PSUs like NTPC, NBCC, BHEL, and EIL. IILM also offer specialized programmes for Defence Ministry’s Directorate General of Resettlement for defence officers.

She further mentioned that IILM has recently partnered with Indian Institute of Corporate Affairs to jointly conduct programmes for Government officers and executives of PSUs and corporates. And IILM has also signed an MoU with National Skill Development Corporation. Also, the IILM Startup Labs has been incorporated to support and bolster a start-up company’s creation and activity in the early stages before it becomes self sustainable. Through the incubation initiative, IILM aims to provide an environment where students and entrepreneurs feel that their experience with IILM is most productive and inspiring

Dr Smitha Girija, then welcomed Mr. Kapil Chanana – IILM’s first batch alummus (1994-96   batch). Mrs. Malvika Rai presented an award to Mr. Kapil Chanana. The honour was bestowed upon him for his outstanding accomplishments in his chosen field of endeavor thus bringing honor and prestige to his fellow Alumni and Alma Mater. Mr. Kapil Chanana is General Manager – Activation, Coca Cola India Private Ltd. Mr. Chanana then addressed the graduating students. In his address, he shared his challenges as an entrepreneur with the students and motivated them to work for their passions. He also encouraged the students that they should never lose their individuality due the challenges of the outside world. He said the education is important but what drives a person and his performance are his passions.

Dr. Jyotsna Suri then delivered her talk in which she motivated the students by saying that though it is very important to generate success and wealth but they must not forget the core values of humanity. She stressed that students should never deviate from honesty and integrity, respect for Individuals, responsible Communication, devotion to Duty in order to become successful individuals and should also Minimize Wastage to be called as responsible managers.

She then honored six faculty members of IILM for the “Excellence in Teaching” Award. The six faculty members who received this award are Prof Vinay Chirania – The best Teacher’s Award for Core module- at IGSM, Prof Ruchi Shah – IIBM and Dr. Shivani Khurana – IILM, LR. The best Teacher’s Award for Elective module- at IGSM was awarded to Prof Raju Majumdar,  Prof Shweta Sharma- at IIBM and Dr Preethi Srinivas at IILM, LR.


Mrs. Malvika Rai, Chairperson, IILM Institute for Higher Education, presented Dr. Kulwant Rai Gold and Silver medals to the meritorious students as well as to the overall performers.

IILM Convocation 2016, Presided Over by Dr Jyotsna Suri, Chairperson and Managing Director – The Lalit Suri Hospitality Group

IILM Convocation 2016, Presided Over by Dr. Jyotsna Suri, Chairperson and Managing Director – The Lalit Suri Hospitality Group Ltd. She enlightened us all with her speech for our fellow graduates and professors of IILM from all three campuses.

“Malavika & Anil Rai ji,  IILM Board of Governors, faculty members, proud parents and the graduating students, I am privileged to be here for the 21st Convocation of IILM – thank you very much for inviting me.

IILM is one of the leading business schools in India offering undergraduate and postgraduate programmes in management.  I believe the focus is to develop students as globally aware members of society who are responsible business leaders. The initiative to encourage students from J&K and Northeast by offering them 25% scholarship and 10% scholarships to every women student is highly commendable. I am delighted to know that there are 71 girls out of 178 students graduating this year.

Young ladies & Gentlemen, In the depressed global economic scenario India stands out like a bright spot.  The Indian economy is growing at 7.6% and will continue to do so in the future.  Historically, India is one of the oldest cultures and Demographically it is the youngest nation about 60% are below the age of 30. India with its 29 states, 7 Union Territories and its burgeoning middle class has both the Demand and Supply and therefore its Economy will continue to grow. The services sector is doing fairly well. The Governement’s initiative of ‘Make in India’ is giving a boost to India’s sluggish manufacturing sector.  The Prime Minister’s clarion call of ‘Startup India’ / ‘Standup India’ is aimed at you and is providing a stable platform to young new entrepreneurs. As you graduate, there is huge opportunity waiting for you. Some you may join established or establishing firms, some may add value to existing family businesses and some may become entrepreneurs, who will not only sustain themselves, but also offer employment to others.

While it is very important to generate success and wealth we must not forget the core values of humanity. Let me give you fist full of values:-

  • Honesty and Integrity
  • Respect for Individuals
  • Responsible Communication
  • Devotion to Duty
  • Minimize Wastage

Along with this strong fist are my good wishes to each one of you as you step out to establish yourself. Do your parents, your country and your planet proud.


Jens Karbo : From Denmark To IILM

I recently visited IILM as a guest lecturer. It was my first visit to India in general and the experience was absolutely amazing – both from a personal and professional perspective.

Jens Karbo

I was teaching “Competing Globally” for post-graduate students and particularly a subject like that is inspirational to teach in an international and cross-cultural setting. As a Dane I come from a tiny country with a small economy and a very homogeneous society. India on the other hand is one of the world’s most dynamic economies and one of the big players globally and much more diverse. It was very fruitful for me to exchange ideas about the global economy, international business etc. with both students and colleagues alike. The main aim as an educator is obviously that the students learn from you, but personally I see it as a bonus if I can learn from my students as well. The very bright post graduate students taught me a lot of things that I take with me back home to Denmark. Their knowledge about India’s role in the world economy, dealing with India from a cultural perspective and specific Indian companies and cases were particularly beneficial and useful for me. The students were very engaged and knowledgeable and had one of the most important values at all: curiosity.

I would like to thank both the students and the faculty for their great hospitality during my visit. You feel very welcome as a guest lecturer. During my stay the Distinguished Global Thinker Award was given to Professor Ashish Nanda. It was very interesting to take part in the award ceremony, hear his lecture and the Q&A session afterwards…AND to taste all the delicious Indian food in the garden afterwards. Generally I believe that exchanges like this are mutually beneficial, but in particular within the area of business in this era of globalization.

I stayed at the Gurgaon Campus whereas the teaching was carried out at the Lodhi Road Campus. Both the accommodation and the very helpful staff at Gurgaon made me feel “home away from home”, and my colleagues at Lodhi Road were very hospitable and inspiring to exchange ideas with.

From a personal perspective I had the chance to visit both Agra and Jaipur, which were great experiences. I look forward to visiting India again sometime in the future.

Jens Karbo
Senior Lecturer
Business Academy Aarhus
University of Applied Sciences

OffBeat Professions After MBA!

“Your work is to discover your work and then with all your heart to give yourself to it” – Buddha 

It is a fact that a degree in Business Administration gives you a holistic learning; it has certainly become a pre-requisite quality to handle the complexities of any management set up, or a profession. In this attainment of completing higher studies, and earning an MBA Degree students often let go off their passion.

Do you ever find yourself longing for something to happen while you do a long term planning keeping the rights and wrongs inside your head. In this age and time of creativity one cannot afford to lose his or her passion for conventional lifestyle to live for the rest of their life.

Major change that has emerged in this market is the rise of unconventional professions that a lot of youngsters choose to practice, and surprisingly earn fancy amount of money.  Youngsters today are flexible to take up ‘thrilling jobs’, reasons could be because traditional careers have become competitive and lack creativity. It is amazing to even release that WHY one should take up an off-beat profession after MBA. Foremost reason could that an offbeat career path will be less competitive and there’s a greater chance of getting recognized and being able to make a difference. These careers may give you great satisfaction, and most importantly at the same time it will pay you every worth back.

So, what are some of the off-beat yet rewarding career choices out there? We look at top 5 off-beat profession that one can opt after MBA –


Blogger – From traveling to food, or fashion or social issues, it is today’s every writer’s dream to go a full time blogger and share their wonders online with every reader. In this age of social networking, blogging has become one the most popular medium to connect with the audience and followers online, connecting people globally over anything and everything.


Photographer – In this digital age, visual selling is the key to go forward. There are many versions in the profession of Photography. One can easily learn the technique of right p-photography and associate oneself with corporates and startups to sell the services as per requirements.


YouTuber – YouTubers are people who believe in the power of creating something unique and spontaneous.  They create their own YouTube channels, vlog (video blog) regularly and build subscribers over time. The more traffic their channel gets, the more opportunities they have for percentage-based advertising revenue, freebies for review purposes, promotions and partnerships.

wedding planner

Wedding Planner – If you are good at networking, negotiating and managing events, or parties you could become a Wedding Planner. They are called as Bridal Consultants, they primarily help couples plan their wedding. They are either self employed or associate themselves with with companies, brands and firms on projects.


Theater Management – A theater manager is required to take up the sole responsibility of managing the administrative components of any theater set up, and also keep the networking as needed . It is an extensive job to manage the the entire system of shows and events. The management majorly depends on the size of show, or play. One is expected to be passionate about theater.

You should do more what you love, one cannot ignore these words if you are planning to make your passion as your a career path.
Share some of your inner passions with us that you wish to take up after your MBA.


9th IILM Distinguished Global Thinker Award with Mr Naveen Jain

About Naveen Jain

Naveen Jain is an entrepreneur and philanthropist driven to solve the world’s biggest challenges through innovation. A man who knows no limits, Naveen pushes big dreams into action, spurring massive cultural and technological change.

The founder of Moon Express and Infospace. Naveen Jain’s next endeavor is to travel to the moon, using lunar resources for innovation here on earth.

Whether it’s business or life, Naveen is guided by one firm belief – Our only limit is our imagination.

Naveen Jain At IILM Campus

The 9th IILM Distinguished Global Thinker Award was conferred on Mr Naveen Jain on the 22nd February 2016, IILM Lodhi Road Campus. The Award was presented to Mr Jain by Mrs Malvika Rai, Chairperson, IILM.

The students of IILM and the faculty members were waiting in anticipation to welcome the man behind Moon Express on campus to deliver a lecture on “Using Innovation & Entrepreneurship to Solve Humanity’s Big Challenges”. People at campus read about him and acknowledged themselves with the series of theories and propositions made by him in the field of science, business and society as whole. Mr Naveen Jain, an outstanding motivational speakers with ever charming smile on his face and humor of a kind left the campus captivated.

Some of the best quotable words and captured moments of Mr Naveen Jain –

“Most of the disruptive ideas come from non-experts” – Naveen Jain

“If you’re not humble, you’re not successful” – Naveen Jain 

“Innovation and entrepreneurship has potential to solve humanity’s grand challenges” – Naveen Jain 

“Never give up on your dream because if you do, you are no more than a zombie” – Naveen Jain

“If you tell somebody what you’re thinking, and they don’t think it’s crazy, then you’re thinking too small” – Naveen Jain 


9th IILM Distinguished Global Thinker Award

See also :

Bon Voyage – The IILM Global Study Program in France

In the future, the Global Study Program should undoubtedly become an integral part of IILM as the amount of learning and exposure it has to offer is tremendous. It is an excellent opportunity for every student who aspires to study abroad as well as to become independent for doing things that they have had others do for them till now. It holds great prospects of increasing one’s knowledge by diving into the culture and ways of a foreign country and see the difference in approach towards everything, between them and our nation. Moreover, it offers a lot of unforgettable moments that one would cherish for their lifetime.

As part of four-week student exchange program, 37 students across three Campuses went to Ecole de Management de Normandy Business School, France and Montpellier Business School.

29490ad1-4695-46d2-822f-0efc4cbadff3            1b5a36e3-9011-46fb-ae06-472df1b391a2   d5e400f7-4c2d-4bfa-b894-170bb574ebc8

The program included the following modules at Ecole de Management de Normandy Business School –
– Doing Business in France
– Supply Chain Management
– Digital Marketing Business Project

Faculty accompanied students to France gave a general feedback on the entire experience, which goes something like –

Merits :
– There was a lot of learning involved
– The proximity of campus to the hotel (a mere 5 minute walk)
– The hotel has fully furnished and equipped apartments
– The visit to the Shipping Port
– Visits to historical WWII sites, where students gained insight into the politico-economic history of the Europe
– Ability to experience living in the integrated bloc of EU
– Ability to experience different cultures by visiting other European Nation
– Many Indian Restaurants nearby

Demerits :
– The entertainment centers are open from Thursday-Saturday
– The Institute is strict in marking and attendance (but this also brings in discipline)

Program at Montpellier Business School took place from 1st November -28th November 2015, where all the students completed four modules 1) Luxury Marketing  2) Entrepreneurship 3) Cross Cultural Negotiation 4) Doing Business in France.  The students also visited a vineyard, where the process of making wine was explained and an overview of the Wine industry in France was given.

It was a great platform for students to understand French culture and the business environment. The assessments involved creating business plans, analyzing business models, developing new product ideas and of presenting them to a group of investors. Some key skills that were enhanced through the program were brain storming and work in groups, presentation skills and business acumen.


Student’s take on his experience at Montpellier Business School , France, The experience was a very lively one and of great learning and exposure. The pedagogy adopted by the faculty at Montpellier Business School was truly engrossing for each subject being taught. Especially the luxury marketing module which none of us wanted to end! The faculty was really interactive as well and showed great enthusiasm in teaching. They were curious to know from us about India and its culture. The campus facilities were amazing as well and all the students enjoyed their time throughout the day in college, for eg. by playing football downstairs. There was a great deal of learning that took place in this one month study program that told me about the French culture and the rich history this beautiful country has.” 


IILM PRME Third International Conference

IILM in collaboration with United Nations Global Compact PRME (Principles for Responsible Management Education) organized its Third International Conference on 7th , 8th and 9th January 2016. IILM is the only Academic Institution body in Asia to be part of PRME Champions (2013-2015). Here is the Social Media coverage of PRME Conference held at Lodhi Road Campus, New Delhi.

Day 1 – First day of the conference started of with enthusiastic participation from the students who raised pertinent questions on contemporary issues.  The first session of the Conference was titled as “Inclusive Equitable Education and Lifelong Learning and Achieve gender equality and empower all women and girls” and was inspired from the SDG 4.

EU Ambassador to India, His Excellency Mr Tomasz Kozlowski inaugurated the Conference. During the inaugural session, various dignitaries, such as – Ms.Florencia Librizzi – UN Global Compact, New York, Dr. Bhaskar Chatterjee –  Director General & CEO, Indian Institute of Corporate Affairs shared their experiences and initiatives of taking responsible management education forward and creating awareness about the Sustainable Development Goals.


EU Ambassador to India, His Excellency Mr Tomasz Kozlowski.

Day 1 PRME Coverage on Facebook

Day 2 –  The Conference progressed into its second day on January 8, 2016 with the second session of the conference. The day was full of extreme knowledge sharing and received huge appreciation from the management students.

Sessions of the 2nd day of Conference highlighted areas such as –
– Skills Development for Employment & Sustainable Economic Growth.
– Ensure access to affordable, reliable, sustainable and modern energy.
– Ensure availability and sustainable management of water and sanitation.
– Make cities inclusive, safe, resilient and sustainable (Smart Cities).

The eminent speakers of the sessions included – Mr. Alessio Devito and Mr. Stephane Formenti, University of Geneva, Switzerland, Mr Mariusz Soltanifar, Hanze University of Applied Sciences, Groningen, The Netherlands, Ashutosh Sinha – News Editor and News Anchor at NDTV Profit, Mr Sameer Pathak, Coca Cola India Inc., Ms Florencia Librizzi, UN Global Compact, New York, Dr Michael Schmitt, Professor of Financial Management, International School of Management, Frankfurt.


Day 2 PRME Coverage on Facebook

Day 3 – The day started with the last 6th Session of the Conference which was titled as “Promote inclusive societies and provide access to justice for all, and build effective, accountable institutions at all levels” and was inspired from SDG 16.

The session saw active participation from various eminent speakers – Dr Vasanthi Srinivasan, Indian Institute of Management, Bangalore, Mr Sandeep Tyagi, Director HR, Samsung Electronics, Ms. Florencia Librizzi, Senior Manager, Legal & Policy, UN Global Compact, New York and Professor Jagdeep Chhokar, Indian Institute for Management, Ahmedabad.

The Closing Plenary was rendered by Dr S.Y. Quaraishi, former Chief Election Commissioner, India, Ms Florencia Librizzi, UN Global Compact, New York.


Day 3 PRME Coverage on Facebook

The last three days of the conference were full of knowledge sharing, discussions and reflections on various important issues. It was indeed a very motivating end to this one and left the audience looking forward to the next conference.

IILM’s Top 5 Social Media Stories of 2015

2015 was an exciting year for IILM. Let’s go back to the beginning and live the memories again.

We are sharing top 5 most liked, shared, reached out stories posted on our social media accounts – Facebook, Twitter, LinkedIn and Instagram.

1. Facebook | 10 Movies every Business student should watch

Business Education and Inspiration

2. Instagram | New students on IILM campus (batch – 2015-2017)

3. YouTube | The most watched IILM video on Youtube

4. Twitter | IILM PGDM Convocation 2015

5. Blog | Connecting Return on Investment (ROI) & Campus Placements


IILM experienced some major breakthrough across all categories. After all, the best is yet to come in 2016.