President Droupadi Murmu Emphasizes Ethics in Business and Mahatma Gandhi’s Teachings

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President Droupadi Murmu, during the Foundation Week of the Indian Institute of Management (IIM) Bangalore, highlighted the importance of ethics in business and urged future wealth creators to draw inspiration from Mahatma Gandhi’s principles of life. She emphasized that success without ethics is considered sinful by Gandhi.

Gandhi’s Ethical Wisdom

President Murmu urged future wealth creators to integrate Mahatma Gandhi’s life lessons into their business endeavors. She stressed that Gandhi’s principles align with ethical business practices, offering a meaningful foundation for success.

India’s Alternative Vision

In a world marked by the commercialism-driven decline of values, President Murmu underlined India’s unique perspective of “Vasudhaiva Kutumbakam,” suggesting a global alternative that prioritizes unity and shared responsibility.

A Call for Ethical Business

President Murmu insisted that ethics must be the cornerstone of success for future wealth creators. Without ethics, according to Gandhiji, any form of success is morally deficient.

Aiming for Excellence

Addressing students, Murmu encouraged them to strive for excellence in both their professional and personal lives. She reminded them of the profound legacy they inherit by associating with IIM Bangalore, emphasizing the responsibility to create a world characterized by harmony, optimism, prosperity, and equality.

IIM Bangalore’s Impact

President Murmu acknowledged IIM Bangalore’s role in nurturing management talent and resources. Over its 50-year history, the institution has not only produced managers but also leaders, innovators, entrepreneurs, and change-makers, reflecting its enduring impact on education and research.

Preparing for Challenges

IIM Bangalore equips its members with the skills and resources to tackle a wide range of challenges in various aspects of life. Professionalism, efficiency, and competency have been its defining features.

The Age of Innovation

President Murmu highlighted the era of the fourth Industrial Revolution, where institutions like IIM Bangalore play a pivotal role. The institution’s work in artificial intelligence, big data, and machine learning is poised to influence the future of business and the economy.

SWAYAM Coordination

IIM Bangalore’s role as the coordinating institute for ‘SWAYAM,’ the Government of India’s online education platform, demonstrates its commitment to extending education to those who have been untouched by the digital revolution.

Public Policy and Skill Development

The President praised IIM Bangalore’s Centre for Public Policy for its crucial research and youth skill development through the Mahatma Gandhi National Fellowship program, especially relevant in a dynamic and youthful India.

Empowering Women Entrepreneurs

During the pandemic, IIM Bangalore’s N. S. Raghavan Centre for Entrepreneurial Learning organized an online women’s entrepreneurship program, benefiting thousands of women entrepreneurs. These initiatives play a vital role in empowering women in challenging times.

To sum it up

In summary, President Droupadi Murmu’s address at IIM Bangalore’s Foundation Week underscores the importance of ethics in business and the relevance of Mahatma Gandhi’s principles in shaping future wealth creators. She also commends IIM Bangalore for its significant contributions to education, research, and societal impact.