A multitude of factors affect the global economy. For instance, the Covid pandemic, continuing aggressive digitization, historically popular businesses under stress on the back of safety fears, changing global political equations and emergence of the Central Bank Issued Digital Currencies (CBDCs). The program will help you understand the economic and financial impact of such global signals on businesses and their growth.
Digitization has paved the way for new type of economy including the gig economy. Worldwide gig-economy has generated approximately $204 bn in 2018 and is projected to grow at 17% CAGR and generate a gross volume of ~$455 bn by 2023. With movement of goods getting restrained new similar business models are expected to emerge. For eg. instead of export of goods, we may have digital design being exported to a country with a 3D printing at the destination. Understand how this new type of work model will impact global value creation including investments and portfolios.
As each national economy grows more global and digital, they are also looking to be self reliant. Such competing forces acting at the same time opens up new opportunities which have never existed so far. Exploiting such opportunities requires understanding the changes and being ready for the same ahead of the market. Understand how you can evolve business strategies for growth in an increasingly connected world.
The Governments across the world are playing two roles in the new economy. As a policymaker, they lay down the rules for exchange and create an enabling environment. But they are also playing the role of investor in digital technologies that support self-reliance and having a say in the global supply chain. Yet again, not every government is taking the same approach. Understand how government policies are shaping up the future of the economy in general and the issue of Central Bank Digital Currencies in particular and what you can do to factor-in such interventions.
With the knowledge and capabilities to understand the changing nature of the global economy, you become ready to leverage techno-economic disruptions for business growth and profitability. As an early adopter, you can position yourself as someone who has the right perspective and knowledge to steer a business or institution in a global digital economy.
The Future of Money is Digital Currency. ~ Bill Gates
Our Cash-free Future is Getting Closer. ~ NY Times
6 Reasons Why Professionals Prefer this Programme
IIM Calcutta AdvantageAccess world-class institutional knowledge in Economics and Technology
Master MentorsLearn from experts with deep research and experience in Global Economy and Digital Money
Executive Friendly FormatExperience hybrid format - faculty-led interactive live online sessions and campus visit
Experiential Learning Ideal mix of theory with practice with real-life industry based case-studies
Peer NetworkingJoin the elite community of IIMC global executive alumni base
TalentSprint AdvantageBuild your expertise 24x7 with our best-in-class pracademic platform
Programme Directors Interview with ET CFO
Need to Embrace Digital Economy and Digital Currencies in the Post-Covid World
About the Programme
Global Economy has changed significantly owing to the impact of Digitization over the last century. The world has grown smaller as economic borders have thinned. Events in one country now cause huge impact on other countries and the global supply chain of economic activities are expanding at a rapid pace.
Along with the economy, the concept of money is also changing. Traditionally, currencies have ruled the roost. However, new disruptions like digital currency in general and Central Bank Issued Digital Currency in particular are catalyzing the way settlements are expected to happen. Despite the tendencies of post-pandemic de-globalization, the nature of digitization is expected to continue creating a new environment.
If you are a senior professional having 10+ years of experience working in global economy, investments, funds management, international finance, global supply chain or international trade, you need to understand how the global economy is evolving and how digital currencies will impact your portfolio.
Adapting to this brave new world will require an open mind to change and an appetite for learning. The Advanced Programme in Global Economy and Digital Money helps professionals build new capabilities to understand digital currencies and learn how to leverage techno-economic disruptions for business growth and profitability.
About IIM Calcutta
50+ Years of
in Top 25
#3 in Asia
AMBA, EQUIS, AACSB
The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post Graduate Studies and Research in Management by the Government of India in November 1961, in collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation, and the Indian Industry. Over the years, IIM Calcutta has grown into a mature institution with a global reputation, imparting high-quality management education. It has been playing a pioneering role in professionalizing Indian management through its Post Graduate and Doctoral level Programmes, Executive Training Programmes, Research and Consulting Activities. It is ranked at #3 Management Business School in Asia and under Top 25, globally. For more information please visit www.iimcal.ac.in.
Partha Ray Professor, IIM Calcutta
Prof. Partha Ray, a former central banker and adviser to ED at IMF, received his Ph.D. in Economics from University of Mumbai. He is an acknowledged expert in the fields of Macroeconomic Issues, Monetary and Financial Sector Policies, Banking, Oil and Energy Economy.
Parthapratim PalProfessor, IIM Calcutta
Prof. Parthapratim Pal received his Ph.D. in Economics from Jawaharlal Nehru University. He is an acknowledged expert in the fields of International Trade, Capital Flows, WTO Issues, Development Economics including Agricultural Economics and Special Economic Zones.
Format and Curriculum
6 Months Executive Programme
Faculty from IIM Calcutta
Certificate by IIM Calcutta
Weekly LIVE Interactive Online Classes
Macroeconomics in the Post Pandemic World
Digital Economy: Decision Making and Market Structure
Campus Visit Scheduled in 2021 (Tentative) Final decision will be taken keeping the safety of participants in mind. Fees will be based on actuals.
What should you expect from this Programme?
LearnLearn from Leading IIM Calcutta Faculty
ReinforceReinforce learning by applying concepts
NetworkNetwork with Current and Future Leaders
CertificateExecutive Programme Certificate by IIM Calcutta
AlumniBecome an Alumni of IIM Calcutta Executive Education
Who should join?
Business Leaders, Investment Managers, Banking and Finance Professionals, Treasury Managers, Researchers, Analysts, and Regulators across industries including Banking, Finance, Insurance, Consulting, Technology, International Trade, Education and others.
Education: Graduation or Post Graduation with at least 50% Marks
Experience: Minimum 2 years of work experience
Apply for Programme
*Selection for the Programme will be done by IIM Calcutta and is strictly based on education, work experience and motivation of the participants.
**Scanned copies to be submitted within 7 days 1. Education Certificate2. Experience Letter/Latest Pay Slip
Founder & CEO
Chief Investment Officer
Director - Strategy
AVP - Finance
Head - International Trade
Head - Strategy
Manager - Finance
Head - Risk
India and Global Locations
Aditya Birla Capital
Airtel Payments Bank
Bank of America
Bank of Baroda
Deutsche Bank Ernst & Young
Reliance Industries Limited
Find out why professionals want to join the programme
"As a Finance and Treasury Professional with nearly 3 decades of experience, I would like to keep myself abreast of the latest development and changes in global market in general and exposure to new world of digital money in particular."
"COVID-19 has made digital money an integral part of everyone's life, and major impact on the global economy. I would like to learn how to contribute as a professional in this changing world."
"As an advisor for global investment firms, I need to understand the disruptive changes happening in the global economy and the impact of Digital Money."
"I believe the global economy will recover in the V shaped curve. As a logistics industry professional I would like to be part of a brave new world."
"As an investor, focusing on global markets, I need to be prepared to face the challenges posed by the new economy globally. I also want to build a network of professionals through the alumni ecosystem."
"As a CA working in an MNC, I would like to enhance my growth opportunities."
"My dream is to be a part of IIM Calcutta and build expertise in global economy."
"As an experienced International financial market professional, I want to learn the upcoming developments in digital money and its impact on markets."
"As a global energy market professional, I believe digital currency will impact the future of the market and I would like to be an early adopter."
Note: These are edited versions based on the details submitted by various programme applicants.
Application fee of ₹2000 ($30) will be adjusted in the programme fee.GST as applicable
Campus visit fee to be borne by participants. Will be based on actuals.
TalentSprint brings high-end and deep-tech education to aspiring and experienced professionals. It partners with world-class academic institutions and global corporations to develop and offer disruptive programs. TalentSprint's hybrid platform delivers unique online and onsite experiences that help build cutting-edge expertise, for today and tomorrow. Funded by Nexus Venture Partners and the NSDC, it is the recipient of several national and international awards including Dream Company To Work For 2017, Best Innovative Technology Organisation In Education Sector Award 2016, World HRD Congress HR Tech Leader Award 2014, CIO Review Company of the Year Award 2014, Silicon India Industry Performer of the Year Award 2014 and others. For more information please visit www.talentsprint.com.
The global economy has gone through multiple stages since the barter system. Invention of Currency as a system of exchanging value and the advent of the internet are probably the top two inventions which had the most impact on the global economy to bring us to the current state in the year 2020.
When currency came into being, it created a common measure for both goods and services to be exchanged between traders. Similarly, when the internet came along, the market for products and services became global. With the flexibility of currency conversion the world became the playground for businesses. With the economy becoming digital, doing business in a world without borders is now a reality.
Add to this the recent development of Central Bank Issued Digital Currencies. Now that currency itself is becoming digital, it opens up an even larger canvas for the global economy. The ongoing digital revolution is expected to lead to a radical departure from the traditional model of monetary exchange of value. This will accelerate innovation, create businesses that were never thought of and will increase the speed of domestic and cross-border transactions at reduced transaction costs. This will drive the economy to a new direction, not envisaged so far.
The Fourth Industrial Revolution is driving transformational disruption at all levels of society. Driven by the ability to collect, use and analyse massive amounts of data, a new value will be created in the economy over the next decade to be based on digitally-enabled platforms.
Just the way the Internet transformed how we do business, digital technologies will change the way people and businesses transact value. Companies need to re-imagine how to create, distribute and capture value in this new environment. Digital money is the future as it can potentially expand international commerce, support financial inclusion, and change ways we shop, save and do business.
All this makes digital economy expertise a must in the new world order.
Money has always occupied a central position in the global economy. The technological disruption has spurred on the need to service new forms of exchange and transaction. More devices will become connected and digital currencies, including crypto currencies, will add to the intensity of transaction growth, blurring the distinction between money and data. This proliferation of digital currencies and new payment systems will create both challenges and opportunities for businesses.
Adapting to this brave new world of proliferating virtual currencies is the need of the hour. This programme will give you the essential tools and capabilities needed to leverage the ongoing techno-economic disruptions for business growth and profitability.
Business Leaders, Investment Managers, Finance Professionals and Treasury Managers across the industries including Banking, Finance, Insurance, Consulting, Technology, International Trade, and others. Economists, Regulators and Educationalists who focus on the global economy and future of money.
The programme will provide a foundation to adapt to this new world of proliferating virtual currencies and accordingly make business decisions that promote business growth and profitability.
The safety of our faculty and participants is of utmost importance. Keeping in mind the same, we are starting the programme with interactive online classes that can be attended from the safety of home.
Dr. C. Rangarajan is an Eminent Economist and 19th RBI Governor.
He is a former Member of Parliament. He chaired the Prime Minister's Economic Advisory Council. In 2002, the Government of India awarded him the Padma Vibhushan, India's second-highest civilian award. Notably, he was the chairman of the Twelfth Finance Commission.
He also served as the Governor of Andhra Pradesh with an additional charge for Odisha and Tamil Nadu. He is currently associated with the Chairman's office of the Madras School of Economics and has been writing on issues pertaining to the economy.
He received his Ph.D. in economics from the University of Pennsylvania in 1964.