0900-1900 | 29th November 2019 | Constitution Club of India, New Delhi
INDIA ECONOMIC FORUM
Why some economists find it difficult to comprehend economic policy?
The grammar of economics dictates that the policy be either ‘left of center’ or ‘right of center’ so does the grammar of development. Neither allow for explaining out of box thinking, disruption or even plain common sense. In the run up to 2014 elections in a conversation with Mr Modi, I told him that it is difficult for textbook economists to understand his policies through the prism of ‘isms.’ His policy eschews ‘isms’ and looks at each issue from the prism of ‘inclusivity.’ Inclusive Economics and Inclusive Governance are the essence of Prime Minister Modi’s economic policy and a few economists are tying themselves in knots trying to understand this.
The biggest challenge being faced by the Indian economy is that of a confused narrative being spun by Indian economists taking pot-shots from foreign shores. The same economists whose contributions to the present slowdown are well documented. This, however, does not justify the homily-based growth bravado, which is equally counterproductive. Yes, we are facing a slowdown and no, it is not the end of the world as we know it.
Naysayers spurn doomsday prophesies with great alacrity in the hope of self-fulfilment. Yeasayers are not able to talk convincingly about what is going on or able to articulate plans that are underway to beat the slowdown.
Articulating a knowledge-based authoritative narrative on the strength of experience is the need of the hour.
Rising yet again to this patriotic duty, SKOCH Group is organising the ‘India Economic Forum’ on 29th November 2019 at Constitution Club of India. The objective of the Forum is to use the vast intellectual wisdom available within India to put the Indian economy in perspective.
The ‘India Economic Forum’ will deep dive into the macroeconomic essentials of growth and employment; completing tax reforms by rationalising personal income tax and GST; assess the state of state finances and the impact of new terms of reference for the 15th Finance Commission.
There are schemes that have performed brilliantly well and are changing the rural economic and development landscape. The Forum will take note of, and learn from, successful schemes such as Ayushman Bharat, Swachh Bharat, Ujjwala Yojana, as well as the Rural Transformation which is underway. It would also recommend ways to scale these further, converge more schemes and undertake drastic digital re-engineering on services delivery. It would try to highlight initiatives such as Aspirational Districts whose good performance and impact may be hiding in plain sight.
Top social scientists and economists bat together for a prosperous India
Completing Tax Reforms
Who Should Attend?
- Economic Editors
- Banking & Financial Professionals
- Public affairs and development professionals
- Foreign trade representatives
- Government affairs professionals