Enlightening Discussion onthe Economic Survey of India 2015-16

by Word for Peace Correspondent

Enlightening the students and other participants with the state of the Indian Economy and its prospects,Prof. Subramanian’spresentation was mainly based on the Economic Survey of India 2015-16. He discussed the various aspects of the survey and what it consisted of. He moved on to explain the dismal state of global economy, present state of Indian economy, probable growth scenarios, twin balance sheet problem of the bank and the private sector and the significance of the tax system and rationalisation of subsidies. He concluded his speech by expressing his optimistic views for Indias economic growth.

Prof. Arvind Subramanian, Chief Economic Adviser to Government of India spoke at the valedictory function of the annual fest ECOCRACY16 organized by the Department of Economics, JMI.

The Department of Economics, Jamia Millia Islamia concluded its annual fest, ECOCRACY16 on 9thMarch, 2016. This two-day fest invited participation for various academic and extra-curricular activities. This was the seventh annual fest in the series which has consistently garnered huge popularity within and outside the university.

Prof. Shahid Ahmed, Head, Department of Economics welcomed chief guestProf.Arvind Subramanian and the Chair of the session, Prof. Talat Ahmad, Honble Vice Chancellor of JMI. While introducing the chief guest, Prof. Shahid Ahmed informed the gathering of his high citation index a measure of his academic contribution to the domain of Economics.Prof.Arvind Subramanian, a distinguished economist, is currently the Chief Economic Adviser to the Government of India.

Speaking at the event, Prof. Subramanian enlightened the faculty members, students and other participants with the state of the Indian Economy and its prospects. His presentation was mainly based on the Economic Survey of India 2015-16. He discussed the various aspects of the survey and what it consisted of. He moved on to explain the dismal state of global economy, present state of Indian economy, probable growth scenarios, twin balance sheet problem of the bank and the private sector and the significance of the tax system and rationalisation of subsidies. He concluded his speech by expressing his optimistic views for Indias economic growth.

In his presidential remarks, Prof. Talat Ahmad, Vice Chancellor, JMI expressed his happiness at the presence of Prof. Arvind Subramanian in Jamia to discuss policy issues linked to Indian Economy with the students and faculty members and hoped that Jamia students and faculty members would have many more opportunist to interact with officials from the ministry for formulation of ideas about the affairs of economy. Prof. Ahmed appreciated the ECOCRACY team for its endeavours that lead to the successful hosting of the programme.

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