en.Wedoany.com Reported - India's Minister of State for Commerce and Industry, Jitin Prasada, stated at the opening ceremony of the Global Business Research Conference 2026, hosted by the Indian Institute of Foreign Trade, that the country's progress in areas such as artificial intelligence, semiconductors, and global trade partnerships reflects its increasingly prominent role in the international economy. During the opening ceremony, he said: "Despite global uncertainties, India remains one of the fastest-growing major economies in the world."
Prasada noted that under the leadership of Prime Minister Narendra Modi, India has adopted a long-term vision focused on enhancing trade, manufacturing, innovation, and technological capabilities. He acknowledged the contributions of institutions like the Indian Institute of Foreign Trade in generating research-driven insights that support India's integration into the global market. The minister added that the discussions at this conference would yield valuable insights and recommendations, aiding policy formulation and India's economic growth.
Academic leaders in attendance discussed business strategies amid global turbulence, addressing new challenges and opportunities shaping the global business environment. The conference attracted research contributions from key fields such as finance, marketing, general management, global trade, operations, and public policy. Under the leadership of Vice Chancellor Rakesh Mohan Joshi, the institute has expanded its research scope and international collaborations.
Rakesh Mohan Joshi stated: "Geopolitical developments, evolving trade dynamics, and technological disruptions like artificial intelligence are reshaping the global business landscape. As countries enhance economic resilience and expand international partnerships, research-based, evidence-driven policy inputs are becoming increasingly important." He expressed that through GBRC 2026, the Indian Institute of Foreign Trade aims to foster meaningful dialogue among scholars, policymakers, and academic leaders on critical issues of global trade and business competitiveness.
Distinguished academic leaders from top Indian institutions participated in the conference, including representatives from the Indian Institutes of Management, Indian Institute of Technology Bombay, Indian School of Business, Management Development Institute Gurgaon, and Delhi School of Economics. The main sessions included a special discussion on the BRICS nations amid geopolitical turbulence in a multipolar world, examining the evolving role of these economies in shaping the international trade architecture. The conference also featured a dedicated doctoral workshop, allowing scholars to engage with senior academics. The conference will conclude on June 5, 2026, with a closing ceremony and awards recognizing outstanding research contributions.
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