Date: 5th November
Venue: NITIE-Auditorium
Topic for Deliberation:
Demystifying the Reforms Enigma
the How, Why & Why Not towards Laissez-Faire?
Nearly two decades after embarking on the process of Economic Reforms, India now stands at the cross roads, having to make a choice between sustaining the Gradualism of the 90’s & the radical aspirations of India Inc. Reforms in India were offset in the wake of an exceptionally severe balance of payments crisis in 1991.
Since then the government had signaled a systemic shift to a more open economy with greater reliance upon market forces, a larger role for the private secto including foreign investment, and a restructuring of the role of the government. India’s economic performance in the post reform era has been superlative, with the growth rate of the GDP being among the highest in world. But the recent economic slowdown raises some serious questions over the tangibility of the existing Reform process.
Rivaling schools of thought have documented parallel reasons for the correct course of action. The sturdiness of the Indian Banking sector during the slowdown is being shown as a prime example of the fact that the pro-private lobby can err too. On the other hand the lack of Foreign Direct Investment (FDI) & loss making Public Sector Units (PSU’s) are being used to retort the communist manifesto. This tug of war between ideologies has resulted in a process which can aptly be described as, creating a strong consensus for weak reforms!
Apart from drawing consensus between the Left-Right divide, there are a host of other issues that the Reforms Agenda should address. Industrial & Trade Policy, Agriculture & Financial sector reforms, Infrastructure & Social sector development are a few among a plethora of areas craving for immediate attention.
The slowdown of the present provides itself as an opportunity for the future. The direction our Reform process takes at this juncture would be pivotal in determining the future of this Nation.
Over the years, we have tried to invite stalwarts, path makers and visionaries from the industry who are currently paving the way for a new world-class Brand India by moving up the ladder. It is our sincere belief that only the people who have led the economy through tempestuous times to conquer the bastions of success can show us the path ahead.
Event Manager: Vijay Garimella
Mail: pbm@prerana2k9.com
Mobile: +91 97690 21465
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