President of Indian Economic Association (IEA) Prof Ghanshyam N Singh said that successfully hosting of the G20 event has increased the country’s reputation across the world and now India has become a leader in the world. He was addressing an online National Conclave on ‘future challenges of emerging India’, organised jointly by IEA and Harishchandra Post-Graduate College (HPGC) as the chief guest. He said that at present our country is the fifth largest economy in the world but there are still both internal and external challenges for the future, for which efforts should be made to overcome through other organisations like G20. He was of the opinion that the Russia-Ukraine war should be ended through dialogue.
The Conference President of the IEA and former Vice-Chancellor (V-C) of Manipur University Prof Adya Prasad Pandey, while presenting a keynote address, said that the biggest challenge facing emerging India is unemployment and the government can reduce it by running skill development related programmes. Along with this, he said that for sustainable and inclusive development, we will have to pay attention to rural development along with cities. He said that there should be proper utilisation of resources in the country and human values should be developed and this will reduce the problems of the country, he added.
Prof RK Upadhyay talked about two types of challenges (internal and external) facing emerging India. Among the internal challenges he talked about the population, unemployment, education and inequality and to deal with these challenges, he suggested promotion of manufacturing. He said that we can achieve demographic dividend through our increased population. Dr Manish Hindvi said that there is no economic development without an increase in income. Dr Anil Kumar Thakur said how income inequality and crime are increasing due to unemployment.
Prof Shyam Pal said that most of the population of our country lives in villages and earn their livelihood from agriculture. The government’s aim was to double the income of farmers but it could not be achieved as there is no price stability in agriculture hence the lower class is not getting the benefit of development. Dr Udham Singh of KMCL University, Lucknow said that income inequality is increasing day by day, there is a need for labour reforms and agriculture.
Presiding over the conclave, HPGC Prof Rajnish Kunwar said that our country is facing both internal and external challenges. Under internal challenges, problems like poverty, unemployment, starvation exit and under external problems there are border disputes and country security is important and there is a need to keep the country safe. Prof AK Tomar, Chief Conference Coordinator of the IEA said that poverty and unemployment can be removed from the country by increasing public expenditure on education, health and skill development in our country, which will help in the development of the country. Prof Jagadish Singh, Regional Joint Secretary of IEA and Head of Economics department, HPGC said that our country is moving towards a five trillion dollar economy and the country is facing both internal and external problems.
Dr DK Asthana, General Secretary IEA said that everything cannot be left in the hands of the government. Technical support was provided by Dr Monika Varshney and Karunesh Ojha. Prof Shashi Jain, Dr Remmiya Rajan P, Dr Vikram Singh, Prof Ripu Daman Singh, Prof Mukulika Hitkari, Dr Vivek Singh, Dr Pria Mittal, Dr Anju Aggarwal, Dr Tarun Kumar Dwiwedi, Prof Hanuman Prasad, Prof Praveen Sharma, Dr Marutesh, Dr MS Khan, Dr Poonam Gupta, Dr Sahab Singh, Dr Rachna and Dr Archna Mudgal also participated.