Hyderabad: A higher economic growth supplemented by policies supporting weaker sections are essential to achieve growth triggered by reforms, said Dr C Rangarajan, Chancellor, ICFAI Foundation for Higher Education.
Delivering the valedictory address at the two-day 12th annual doctoral thesis conference organised by the ICFAI Business School here on Friday, Dr Rangarajan, dwelt in detail about growth versus poverty and said to become an advanced economy a per capita income of US$ 22,000 was necessary and this could be achieved if India maintains a growth rate of 8 to 9 per cent per annum of 22 years. This can be achieved through high growth rate that is supported by policies to eradicate poverty, he said.
Dr Rangarajan said research and teaching are closely related to each other and good teachers need adequate research ability. While research helps in accumulation of knowledge, teaching helps in dissemination of knowledge, he said.
Addressing the participants, Prof J Mahender Reddy, Vice-Chancellor of the ICFAI Foundation for Higher Education, said that rigor and relevance are important for research scholars, and also emphasised the significance of quality publications in research.
The conference was organised in collaboration with the Indira Gandhi Institute of Development Research (IGIDR), Mumbai. Research scholars from various fields related to management studies and economics participated in the conference where more than 90 papers were presented.