The team of N.L Dalmia Institute of Management Studies & Research continues to shine by bagging the peak position at Shikhar 2015
Shikhar is a national level economic paper presentation competition hosted by N.L Dalmia Institute of Management Studies & Research, providing a platform to the bright minds of our country to present their views on the current economic scenario.
China's recent devaluation of Yuan has raised serious concerns from financial experts’ world over. Is this step taken by the communist economy an attempt to revive its flagging economy by making its exports cheaper and competitive or is this a distress signal from Beijing policymakers - in which case, the world's second largest economy may be far weaker than the 7% a year growth that the official figures suggest.
While the world was expecting China to revalue its currency, it has surprised the world by devaluing the Yuan. There is pressure on other countries to devalue their currency leading to a potential 'Currency War'. One cannot ignore the impact of competitive devaluation which took place as a reaction to the Great Depression of 1930.
On these lines, the theme chosen for Shikhar 2015 was Yuan Devaluation - Will it lead to a Global 'Currency War' and World Economic Meltdown?
NLDIMSR played host to its esteemed event, inviting participation from various B Schools across India to conquer the peak and bag the trophy of Shikhar 2015. This grand event received a total of 144 entries including the likes of NMIMS, Mumbai; Welingkars Institute of Management Studies, Mumbai; SIMSREE, Mumbai; amongst other B Schools of India. All the teams brain stormed to put forth their views on this topic in a report on the basis of which they were refined and 6 teams made it to the finale which was held on 26th September 2015. Each of the teams had a different way of analyzing the scenario and present a different perspective to the current situation. From the comparative analysis to the Ice-berg Models, different analytical techniques were used to make a conclusion.
The prestigious panel of jury members consisted of prominent personalities from the industry including Mr. Ankur Jhaveri, Co-Head FX Rates, Edelweiss Securities Ltd; Mr. Sumit Jhaveri, CFO, Tata Starbucks Ltd; Mr. Ambareesh Baliga, Independent Strategy Advisor and Mr. Dipankar Mitra, Senior V.P. Research, Motilal Oswal Securities Ltd. The panel adjudged the chosen set of best minds on various parameters to arrive at the winning team. The team of NLDIMSR continued the legacy of capturing the highest position by winning Shikhar 2015. They were followed by Shri Ram College of Commerce bagging the second position and NMIMS securing the third position. This victory has added yet another feather to the glorious hat of NLDIMSR.
Source: Gayatri N. Bhatia, HT Campus Specialist