On Monday, the Indian Prime Ministe, Dr. Manmohan Singh, has stressed on judicial reforms to stem corruption. While addressing the students during the Golden Jubilee lecture of the Indian Institute of Management- Calcutta, the minister has notified that the creation of Lokpal as an institution will help although, it would not solve the problem alone and needs a support from improvements in the pace and quality of judicial processes. Further, he notified that it requires an array of judicial reforms.

In addition, Dr. Singh has claimed that India has been transformed into one of the fastest growing emerging markets in the world. He notified the students that being business managers they are supposed to play a major role in this flowering of Indian enterprise and of Indian brands, in home as well as international level.

"From being a relatively closed economy at one time, we have become much more open both for trade and technology flows. We are today viewed as one of the most attractive destinations for FDI. Most of the world's major corporations have a presence in India, with substantial expansion plans”, added the Prime Minister. "Those that don't are asking themselves why they don't. What is more important, India's corporations are expanding their footprint abroad through investments and mergers and acquisitions”.