What's IITs contribution to Indian economy?

In the run-up to the IIT Alumni Global Conference scheduled in Mumbai between December 23-25, the Pan-IIT 2006 committee has taken the initiative of entrusting a group of four economists with the task of quantifying the contribution of the IITs to...

KOLKATA: In the run-up to the IIT Alumni Global Conference scheduled in Mumbai between December 23-25, the Pan-IIT 2006 committee has taken the initiative of entrusting a group of four economists with the task of quantifying the contribution of the IITs to the Indian economy.

This was stated by Mr Ashank Desai, chairman, Mastek Ltd and also Chairman, Pan-IIT 2006 committee in Kolkata on Wednesday, when he was in the city to speak about the conference. The group will be led by Ajit Ranade, chief economist with the Aditya Birla Group, said Mr Desai. We expect the results to be showcased during the global conference, he added.

Mr Ranade, incidentally, is a graduate of IIT, Bombay. This initiative fits in well with the IIT Alumni Global Conference theme Inspire IITians to involve and transform India with the objective of nation-building. The conference is expected to draw 5,000 IITians from across the globe. The Advisory Board of the event includes reputed IITans such as Vindi Banga and Nandan Nilekani Pan IIT is the global alumni association having local chapters in the US, India, EU, Japan, Canada, Australia and Singapore.
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