Guest Session on ‘Indian Economy: Current Scenario and Future Directions’

Management Development Institute (MDI) Gurgaon held a guest session for its students. The theme of the session was ‘Indian Economy: Current Scenario and future directions’. It was conducted by esteemed guest Dr. G V Ramakrishna - a renowned economist, who has formerly been Chairman SEBI, Chairman Disinvestment Commission, a member of the Planning Commission and Secretary to the Govt. Of India.

Prof. Jyotsna Bhatnagar, Chairperson – PGP Human Relation, welcomed the guest speaker by introducing the theme of the session. Dr. Ramakrishna started his address by highlighting the current scenario of the Indian economy and how the Indian economy and the political system are interrelated. According to him, there are four areas which have to be focussed upon in order to develop the Indian Economy. He started with the Energy Sector where he talked about the need of this sector to get privatized and how India can utilize its Thorium base as an alternate power source.

He emphasised on the rural development of India for a stronger economy where the areas of concern were the food storage techniques and the maintenance of the food distribution system. Dr. Ramakrishna focussed on the financial sector for the NPA failure. The last sector covered in the session was corruption where emphasis on demographic dividend was made.

The session gave the participants a comprehensive overview of the numerous facets of the Indian Economy and the various barriers in its way. Some aspects about the challenges that the country would face in sustaining its economic growth were also analyzed. According to him, it is important to utilize the resources and prepare young people with the right potential to sustain the development.

“It is extremely fortunate during this time of economic slowdown, to have Dr. Ramakrishna shed some light on how we have reached our present predicament and where we might be headed, “said Prof. Jyotsna.

Prof. Ashok Panjwani, Dean – Graduate Program, was also present at the session. It ended with a vote of thanks to the guest speaker by Prof. Jyotsna Bhatnagar.