At a time India is a pert of most conversations around emerging markets in the US, students in American universities see it as a unique opportunity to learn about the indian economy, culture and business.
In July, MIT Launches its accelerated information technology Initiative (AITI) in India. The pogramme, co hosted by IIT Bombay and Shailesh J Mehta School of Management, saw the launch of MITs mobile technology start-up incubator.
The newly introduced programme offers an opportunity to bring together a multidisciplinary group from MIT to learn about the needs of local communities in the mobile technology space. It also gave the students a scope to teach development skills in india and in turn get to know about the demands of the indian market through engagement with students of premier institutes.
"In recent years, I have witnessed a groundswell of interest among students from the US, in fact from all parts of the world, in india, her economy, commerce and culture," says Prof SP Kothari, Deputy dean at MIT Sloan School of Management. The blossoming of interest is "testimony to people's expectations of all-round robust development taking place in india notwithstanding a few recent hiccups," he adds.
He said, "The exchange of ideas, the flow of investment, and growth in trade presage benefits to all parties involved - an expansion on the size of the pie rather than a zero-sum scenario,"
The MIT students gained through engagement on ground with some of the brighest students and future leaders in a fast-growing emerging market.
Sriram Emani, India Launch Lead, MIT AITI program and a student from MBA class 2013 at MIT Sloan School of Management said, "The conversations help us gain insights and perspectives, not always possible to observe sitting in a classroom in the US. The relationship and networks that are built through these initiatives are also valuable connections in an increasingly interchanged world,"
Last year MIT launched its first MIT India conference prompted by strong demand from students in Boston to engage with Indian industry leaders and discuss recent trends and challenges in India.