Webinar Link

Meeting No: 2513 349 6524
Password: growth

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Abstract

India’s post-Independence economic journey can be divided into distinct phases — from the colonial legacy to the socialist pattern, mixed economy, reform, accelerating growth, and global crises phases.

The lowest average growth of 3.5% during the late 1960s and early 1970s — often mischaracterized as the “Hindu Growth Rate” — in fact reflects the constraints of the socialist era. In contrast, India’s prospective stable growth of about 7.0% aligns more closely with the saving and investment norms embedded in ancient Indian economic philosophy — and may more appropriately be termed the true Hindu Growth Rate.

This webinar will provide a phase-wise overview of the evolution of fiscal, monetary, financial, and external sector policies, and project India’s growth trajectory up to 2050–51. It will explore how, within a century of the Constitution’s adoption, India is poised to regain its past economic glory and achieve Viksit Bharat status in the modern global economy.

About the Speakers

S. Mahendra Dev

Prof. S. Mahendra Dev is presently Chairman, Economic Advisory Council to the Prime Minister (EAC-PM). He was the Director and Vice Chancellor, Indira Gandhi Institute of Development Research (IGIDR) in Mumbai for 12 years during 2010-2022. Prior to this position, he was Chairman of the Commission for Agricultural Costs and Prices, Ministry of Agriculture from 2008 to 2010. He was Vice Chairman of the Board of Trustees of International Food Policy Research Institute (IFPRI), Washington, D.C. He was also member of the Board of IFPRI for seven years from 2013 to 2019. He was member and Acting Chairman of the National Statistical Commission, Government of India. He got the prestigious Malcolm Adisesaiah Award in 2016.

He is Chairman of the Institute for Development Studies, Andhra Pradesh and Distinguished Professor at ICFAI Faculty of Social Sciences, Hyderabad. He was independent director in Axis Bank and Kotak Mahindra Bank. He is currently the Association President of the Indian Society of Agricultural Marketing.

His main areas of interest are development economics, agricultural economics Macroeconomics. He has around 150 research publications.He has written or edited 23 books. His book “Perspectives on Equitable Development” was released by the former Prime Minister of India. He is a Ph.D. from the Delhi School of Economics and post-doctoral from Yale University, USA

D.K. Srivastava

Dr. D.K. Srivastava is the Chief Policy Advisor EY India and an Honorary Professor, Madras School of Economics (MSE). He is currently a Member of the Advisory Council to the Fifteenth Finance Commission. He was the Director of MSE during 2005 to 2012 and has been associated with many other leading institutes and universities as a Professor.

He was the Economic Advisor to the Tenth Finance Commission, Principal Consultant to the Eleventh Finance Commission, and Member of the Twelfth Finance Commission. He has been associated with a number of committees set up by the central and state governments and by the RBI. He was Chairman of the RBI Working Group on ‘State Fiscal Responsibility Legislations: The Next Phase’, Member Secretary, Advisory Group of the RBI-MSE Macro Econometric Modeling Project. More recently, he was Chairman of the Committee on Fiscal Statistics set up by the National Statistical Commission in 2017. He is the author of numerous scholarly articles and books.