SUBHASH MISHRA
Dhanbad, July 6: Dr Tirthankar Patnaik, chief economist of the National Stock Exchange (NSE), has called upon management academicians to push the Indian market in the US and other international journals.
While addressing the International Conference on Financial Markets and Corporate Finance (ICFMCF) here on Saturday, Dr Patnaik asked them to make the international market feel that Indian markets are worth studying as well.
150 experts are attending the conclave
Two-day ICFMCF), 2024, is being organized by the Department of Management Studies and Industrial Engineering of IIT (ISM) in which 150 experts from across the country and abroad are participating.
“Indian markets and US markets are different. Indian markets are more centralized trading. Markets regulations and transparency are more important than privacy which is a priority of the US market,” said Dr Patnayak.
Indian Market is the largest in terms of activity
The NSE chief economist said the Indian Market is the largest in terms of activity and third in the world in terms of cash market. “Thus, this is not a market that academic literature should ignore,” he said and stressed the need to publish more about Indian Markets in quality International Journals.
Also Read- Jharkhand CM Hemant Soren promises full support to startups
Throwing light on the close association between the academicians and markets, he said that the problems that we face in markets or as regulators are serious ones and we need academic support to solve them.
“We also involve them in various ways, through committees, through empowered groups and talk to them on a regular to solve our problems,” said Patnaik.
Need for reading quality journals
The guest of honour, Dr Balasingham Balachandran, HoD, Monash University, Malaysia explained the reason for the lesser publication of Indian experts in international journals and stressed the need for reading quality journals to understand the topic and other prerequisites for publication in quality journals.
Prof Sukumar Mishra, director, of IIT (ISM), appealed to the experts to mull over the solutions to the premature death of the majority of Startups and said only around 10% of Startups succeed after 10 years.
Highlighting the close association between technology and business, he said technology can’t sustain on its own without its business profits.
Prof Bibhas Chandra head of the Department of Management Studies and Industrial Engineering threw light on the significance of such an international conference.
114 papers selected
Prof Shashank Bansal, convener of ICMCF-2024 said that this is the pan IIT 6th ICFMCF and we have received 230 full papers out of which 114 were selected and altogether 14 technical sessions will be held during the two days.
