Excelsior Correspondent
JAMMU, Feb 27: Indian Institute of Management (IIM) Jammu today inaugurated the 3rd International Finance and Accounting Conference (IFAC 2026) at the Mandapam Auditorium, bringing together policymakers, economists, industry leaders and scholars from across the country.
The two-day conference is themed “Financial Strategies for Inclusive and Sustainable Economic Growth to achieve Viksit Bharat@2047” and focuses on strengthening India’s financial architecture for long-term national development.
The conference was inaugurated by Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI), who attended as the Chief Guest.
The programme began with the ceremonial lighting of the lamp and felicitation of the Chief Guest, formally marking the opening of the international event.
Senior faculty members including the Dean Faculty and Research, Prof Jabir Ali and Dean Academics, Prof Nitin Upadhyay, presided over the inaugural session, along with the Conference Chair Prof Pranab Ranjan and Joint Conference Chair, Dr Ashish Kumar.
In his keynote address, the Deputy Governor RBI, Swaminathan J, described the occasion as an opportunity to engage with future leaders.
He said that the financial system India builds towards 2047 must rest on three pillars: safety, fairness and reliability.
Emphasising that development goes beyond GDP growth, he underlined the importance of quality of life and inclusive progress.
He noted that finance is fundamentally built on trust, clarity and integrity, and urged students to uphold principled leadership, transparent risk assessment and customer respect in their professional journeys.
He also spoke about the challenges of monetary policy transmission, global economic spillovers, financial sector vulnerabilities and the need to maintain a careful balance between growth and inflation.
Dean Faculty and Research Prof Jabir Ali said higher education institutions have a crucial role in shaping responsible leaders and informed policy thinkers.
He emphasised that IIM Jammu is committed to research-driven insights, ethical leadership and stronger academia-industry-government collaboration to support inclusive and sustainable development.
Dean Academics Prof Nitin Upadhyay appreciated the guiding role of the RBI in strengthening India’s financial architecture. He said the conference theme is timely and forward-looking, and expressed confidence that the deliberations would generate meaningful inputs for policymakers and practitioners working towards Viksit Bharat@2047.
Conference Chair Prof Pranab Ranjan Das highlighted the importance of financial reforms, sustainability and strategic pathways for long-term transformation.
Joint Conference Chair Dr Ashish Kumar delivered the vote of thanks and said IFAC 2026 would serve as a catalyst for deeper engagement between scholars and industry leaders.
The conference will continue with technical sessions and research presentations aimed at supporting India’s journey towards becoming a developed nation by 2047.
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