Convocation Address

Convocation Address

Convocation Address by Prof. (Dr.) M.M.Goel,
Dean of Colleges, Kurukshetra University Kurukshetra at Siddhivinayak Group of Institutions Bilaspur on 20th March, 2016
Chairman of Siddhivinayak Group of Institutions Dr. M.K.Sehgal, Director Dr.Rajni Sehgal other distinguished persons on the dais, faculty members, most importantly graduating students and guests.
It is indeed a privilege for me to be invited as the chief guest to the convocation ceremony of Siddhivinayak Group of Institutions and giving me this unique opportunity of delivering my first convocation address today. I would like to thank the management of Siddhivinayak Group of Institutions for the honour they have done me. It isn’t often that educational institutions invite an academic or an intellectual to be the Chief Guest. The preference is for politicians, bureaucrats, or cinema celebrities. So I feel doubly honoured.

It is a historic occasion and marks the realization of my dream coming true. I would like to begin, of course, by congratulating the students. This is really a day of the students who worked hard and got their degrees. So, first of all, a warm congratulation to all the graduating students. And I would also add a special word of congratulation to those who have won medals. Most importantly, I want to congratulate the parents. Actually, convocations are remembered much more by the parents than by the students. This must be a day of pride for all the parents present who are seeing their children get degrees. I also want to congratulate Dr. Sehgal for the truly outstanding achievement.

In USA, this occasion is called commencement because you are commencing your journey of translating your education to the benefit of the society. May every one of you realize your potential fully and wholly to make this country and the world a better place for all of us. Therefore, I will speak on an important topic. That is, Spiritual Economics based on Gita for Reforms in India.

To justify spiritual economics for economic reforms in India, we have to know what to do and what not to do? why ? when? where? for whom? . It is pertinent to mention that all religions give same message of ethical values but in different languages, tone and tenor.

For proving Incredible India as independent, non violent, democracy with integrity and amity, we have to adopt spiritual economics which promote ‘needonomics’ confining to needs and no to greed. Spiritual economics is a simple and practical formula for corporate sector to adopt corporate social responsibility (CSR) as ‘Trusteeship’ –a socio-economic philosophy of Mahatma Gandhi who always said India possess sufficient to satisfy needs and not greed.

Spiritual economics is the proper, productive and practical (3P) use of head, heart and hands (3H)- the real education for the workers in the Indian knowledge economy. This is a way to balanced and sustainable development for all the economies of the world including India and its 29 States and 7 Union Territories (UT). To boost growth (inclusive), gross domestic product (GDP), human development index (HDI) , human happiness index (HHI), capital formation, marginal propensity to invest (MPI) and marginal propensity to save (MPS), we have to say no to corruption, inflation, unemployment, poverty, fear ( false evidences appearing real), free rider problem, delays and above all greed.

We need user pay principle, spiritual tourism and conversion of Life Insurance Corporation (LIC) of India with logo of ‘yoga-ksemam vahamy aham ‘ as a multinational corporation (MNC).
To capture the full potential of ‘Make in India’ for generating employment, we need rainbow revolution in agriculture sector with fast track mechanism for reducing cost and time in the process of ‘Bake in India’ without any foreign direct investment (FDI) also falls in the domain of spiritual economics.

To reduce unit cost of labour, we have to create work culture by promoting work is worship and vice-versa. Peace in every head and heart ( consumer, producer, distributor and trader) is necessary and sufficient to say no to stress, tensions and fear caused by spiritual bankruptcy and commercialization .There is a direct correlation between peace and performance of any economy ensuring intra-generation and inter-generation equity with increase per capita income. Spiritually Guided Materialism (SGM) strategy is the need of the day for solving all of the economic and non economic problems. I firmly believe that the rate of progress in spiritualism is faster than the rate of progress in materialism. Therefore, there is need of accepting spiritually guided materialism as a solution of various problems. There is a strong case for marrying spirituality with materialism in terms of SGM strategy flowing from our epics including Bhagwad Gita which is an ism neutral religion free treatise on welfare economics and management.

To maintain the status of global guru, we have to change our looks, actions and words (LAW). This calls for adopting SMART & SIMPLE models in the book ‘Economics of Human Resource Development in India’ (2011). SMART means simple, moral, action oriented, responsive and transparent management more than administration.

To adopt normative approach for every Indian to avoid white collar crimes , it is essential to understand SIMPLE model of human resource development (HRD) consisting of six human development activities such as Spiritual Quotient (SQ) development, Intuition development, Mental level development, Love oneself attitude development and Emotional quotient (EQ) development. The synergy of these six aspects of HRD in the beautiful word ‘SIMPLE’ is essential requirement for all of us to emerge and realize our full potential in holistic sense
Let us learn and relearn spiritual economics confining to needs and no to greed in and out of India for all practical aspects of the economy including recession and depression. I am sure, everyone of you will move on the ladder of success with morality, opulence, victory and empowerment (MOVE)


1 M.M. Goel : ECONOMICS OF HUMAN RESOURCE DEVELOPMENT IN INDIA (First Edition 2011, Second Edition 2012)ISBN No 978- 93-5058-014-1 published by VK Global Publications Pvt. Ltd., New Delhi, seven reviews published in The Indian Economic Journal, Volume 59(3), October-December 2011,IASSI Quarterly Vol.30 No 3& 4 July-December 2011, Varta,Vol.XXXII,Oct.2011.No.2,Spectrum, The Tribune,Feb.12,2012, Political Economy Journal of India Vol.20 No.3&4,2011, Proficient, Dec.2011 and Research Journal Social Sciences, Panjab University, Chandigarh volume 19,Number 1, 2011, ISSN-0251-348X, Viewpoint, vol.3 No 1 January-June,2012 ISSN 2229-3825- An International Journal of Management and Technology

2 M.M. Goel: Monograph: INDIAN ECONOMY Long Term Challenges & Policy Measures, published by Think-Line , Aguna Gaurav Nyas Publication, Nasik No 91 (2014)

3 M.M. Goel: SPIRITUALITY IN ECONOMICS FOR COPING CRISIS IN GLOBAL KNOWLEDGE ECONOMY published jointly with Mayank Goel in Abhinava Prabandhan , International Research Journal of Indian Ethos & Wisdom for Management- The Vivek Management, volume 2, issue 1 ( 2013) ISSN-2249-5339

4 M.M. Goel: CHALLENGES AND RELEVANCE OF ECONOMICS AS QUEEN OF SOCIAL SCIENCES IN PRESENT SCENARIO, published in European Scientific Journal (ESJ) June 2013 /special/ edition No.1 ISSN: 1857 – 7881 (Print) ISSN: 1857 – 7431 (Online)

5 M.M. Goel : BUSINESS ETHICS AND GOOD GOVERNANCE: AN ACADEMIC PERCEPTION, published in Viewpoint, vol.3 No 1 January-June, 2012 ISSN 2229-3825- An International Journal of Management and Technology

6 M.M. Goel: RELEVENANCE OF BHAGAVAD GITA, published in Korean-Indian Culture Vol.18,2011 Annual Journal.

7 M.M. Goel: SPIRITUAL QUOTIENT, published in Daily Post on Sunday, Delhi Vol.2,Issue 81 on Nov.16,2014

8 M.M. Goel: OLD TEXT, MODERN RELEVANCE, a review article on the book ‘Anu-Gita In The Mahabharata’ authored by Satya P. Agarwal & Urmila Agarwal ISBN 978-0-9914400-0-9,New Age Books published in Spectrum, The Sunday Tribune, Vol.134 No 261 Sep.21,2014

9 Madan Mohan Goel: RELEVANCE OF ANU-GITA, published in Daily Post on Sunday, Delhi Vol.2, Issue 11 on Sep.07, 2014

10 M.M. Goel: THE ESSENCE OF UDDHAVA GITA, published in Daily Post on Sunday, Delhi Vol.1,Issue 338 on August 03,2014

11 M.M. Goel : THE IDEA OF AN ETHICAL INDIA, a review article on the book ‘ Ethics, Integrity and Values in Public Services’ edited by Dr. Ramesh K.Arora (New Age International) published in The Sunday Tribune,Vol.134 No26 January 26,2014

12 M.M. Goel : MESSAGE OF GITA published in Daily Post, Vol.2. issue 300, May 19,2013

13: M.M. Goel: SERMONS OF SURVIVAL FOR THE WEAK, a review article on the book ‘Lessons in Spiritual Economics from the Bhagavad- gita’ authored by Dhanesvara Dass. published in Spectrum, The Sunday Tribune, August19, 2012

14 M.M. Goel: TREADING THE PATH OF PEACE, a review of the book ‘Quran Ka Shanti Sandesh’ by Mohamad Ibraham Sazaad Tammi ,Alhikmah Foundation, New Delhi published in Spectrum, The Sunday Tribune, July 29,2012

15 M.M. Goel: WORK IS WORSHIP AND VICE VERSA , published in Thoughts of The Times, The Korea Times, April 30,2012.

16 M.M.Goel: SPIRITUAL ECONOMICS FOR REFORMS IN INDIA, published in Daily Post Sunday, November 29, 2015.