Punjab News Express/ S K Vyas
AMRITSAR : A two-day UGC National Seminar on Changing Policy Regime and Sectoral Performance of India was inaugurated here today in Conference Hall, Guru Nanak Bhawan of Guru Nanak Dev University. This seminar is being organized by the Punjab School of Economics. A large number of students and scholars are participating.
Prof. P.K. Chubey, Senior Consultant, Indira Gandhi National Open University, New Delhi and President, India Economic Association was the key speaker and Prof. Karanjit Singh Kahlon, Registrar presided over the inaugural session. Prof. Parminder Singh, Organizing Secretary welcomed the guests while Prof. Paramjit Nanda, Director Seminar introduced about the theme of the seminar. Prof. Kuldip Kaur, Co-Director presented vote of thanks.
While speaking on this occasion, Prof. Chubey discussed about changing policy matrix within Neo-Liberal Axis and emphasized that the process of liberalization has been gradual and economy has never been stagnant and growth rate of the economy has improved. He said that two routes of economic changes in the economy viz Trade Route and Development Route, and argued that some middle way between these two route is to be found. He also threw light on five factors in growth accounting i.e. expansion of labour and capital services, augmentation of labour and capital services through better quality and growth of total factor productivity, which of late is stagnating.
He said that sectors which have grown as a result of improvement in domestic consumption will hopefully continue to perform well but those that depend too much on the foreign market should remain cautious.
Prof. Kahlon, in his presidential address, highlighted the changing policy regime especially relelated to technology and computer revolution. He said that today the need of the hour to make maximum use of modern technology to bring more efficiency in the work and conduct.