Fostering Entrepreneurship Is Crucial To Economic Development

The Lakshmi Mittal South Asia Institute, (LM SAI) Harvard University, last week organized an open house on “Trust and Creativity, Fostering Entrepreneurship in Developing Countries”, the last in a series of events planned to mark the official opening of its India headquarter in Delhi. Prof Tarun Khanna, Director - The Lakshmi Mittal South Asia Institute, Harvard University & Jorge Paulo Lemann Professor Harvard Business School, spoke about various aspects of encouraging entrepreneurship in developing nations. Shri Jayant Sinha, Honorable Minister of State for Civil Aviation and a former investment fund manager and management consultant, took part in the discussion and moderated the question-and-answer session. The LM SAI India office marks a new era of Harvard University’s direct engagement with the region.

For more than two decades at Harvard Business School, Prof Khanna has sought to study the drivers of entrepreneurship in emerging markets as a means of economic and social development. He spoke about the Lakshmi Mittal South Asia Institute’s commitment to studying and researching all aspects of South Asia, alongside its partnership with major Indian institutions in arts, social entrepreneurship and life sciences. Mr. Sinha spoke about how entrepreneurship can improve economic growth of developing nations like India.

The Lakshmi Mittal South Asia Institute, Harvard University, is a university-wide research institute at Harvard that engages faculty and students through interdisciplinary programs to advance and deepen the teaching and research on global issues relevant to South Asia. Currently, Lakshmi Mittal South Asia Institute in India is running programs/research projects in India related to the arts, social science and the pure science. LM SAI also serves as a nexus for Harvard’s engagement with Afghanistan, Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka, as well as diaspora populations from these countries.