Lucknow reflects on slowdown

Jaipuria Institute of Management recently organized a
seminar on ‘Management in new Millennium Challenges and Perspective’. On the
occasion, TSR Subramanian, former Union Cabinet Secretary said, “The slowdown
in the IT sector in India is only temporary, brought about by the recession in
the US economy and loss of faith in the Indian market system. But the need for
IT-enabled applications in other parts of the world and Indian expertise over it
would soon open new doors for the IT companies.”

Subramanian said if the domestic market for IT-enabled
services were developed, it would surely give a boost to the software industry.

Highlighting the role of media in the changing scenario,
AK Bhattacharya, MD, Business Standard, said that traditional role of media has
changed since independent newspapers are no longer acting as a conscience keeper
or campaigner for causes, but are evolving themselves into information agents.
There is an unmistakable reader-orientation in their content as there is a
realization that they have to take care of the bottom lines like any other
company.

TV personality Manoj Raghuvanshi highlighted the impact
of visual images in the light of Tehelka exposure, Ravi Boothalingam, President,
Oberoi Group, stressed that profit is not the end.