95TH ANNUAL CONFERENCE OF INDIAN ECONOMIC ASSOCIATION

95^th  annual conference of Indian Economic Association was held at Gitam University, Visakhaptnam during 27-29 December,2012.Its focal theme was “Growth and Structural Changes in Employment”which was divided into four themes,namely,[i] Economic Growth and Employment Linkages,[ii]Employment pattern:Structural ,Regional and Social Groups,[iii] Drivers of Changing Pattern of Employment and [iv] Human Resource Development and Employment Pattern.Each theme is divided into two groups as per papers submission.[ia] Growth and employment linkages in which there were 30 papers and [ib]”Does the pace and pattern of growth influence the quality of employment”  where 19 papers were printed,[iia]”Changes in the structural employment “ in which 20papers were included,[iib]”Changing employment pattern-dimensions of region,gender and social groups” where 31 papers were accepted so far,[iiia]”Macro Economic Drivers of employment growth and its pattern” where 24 papers were published,[iiib] “Policy drivers” in which 16 papers were included,[iva]”Human resource development and the pattern of employment/unemployment” where 17 papers were published and [ivb] “Demographic dividend and the challenge of improving employability” where 11 papers were included.

 On 27December,welcome address was given by Prof.G.Subrahmanyam-Vice Chacellor of Gitam University and the conference was inaugurated by Mrs.D.Purandeswari,the Hon’ble Minister of State,Commerce and Industry,GOI.The Conference President of Indian Economic Association, Prof.B.L.Mungekar,the member of Parliament,Rajya Sabha gave address on “Contextualising Nehruvian Model of Development”.The Association  President,Prof.S.Thorat and Secretary Prof.Anil Kumar Thakur delivered their addresses to the attended participant.Some of the important books on Economic Issues were released,and Prof.K.Siva Rama Krishna,Principal of Management Gitam University,gave vote of thanks as a local organizer.

Prof.T.S.Papola was the key note speaker of the theme 1A and 1B,and Prof.S.Mahendra Dev and Prof.Amaresh Dubey were the key note speakers of themes 2A and 2B respectively.Prof.Biswajit Chatterjee and Prof.Arup Mitra were the key note speakers of the theme,3A and 3B. Prof.K.P.Kanan and Prof.Sudhakar Panda wre the key note speakers of the theme 4A and 4B respectively.

The R.H.Patil Memorable Lecture was given by Prof. Ajay Shah of National Institute of Public Finance and Policy,NewDelhi.Prof.Suresh Tendulkar memorial lecture was given by Prof. G.K.Chaddha,the President,South Asian University,NewDelhi.A Panel Discussion on “How to enhance research capacity and the quality of teaching materials in the college and University teachers” was well discussed by Prof.S.Thorat,Prof.S.Indumati,Prof.C.H.Hanumantha Rao, Dr.C.Rangarajan,Dr.Vijay Kelkar,Prof.T.S.Papola and V.R.Panchamukhi, Prof.B.L. Mungekar, Prof.G.K.Chaddha,Prof.K.S.Chalam,Prof.Ramesh Dhadichi,Prof.Paramananda Singha  respectively.Prof.Brahmananda memorial lecture was given by Prof.C.R.Rangarajan-the president of economic advisor of PM on Dynamics of Inflation.

All the paper writers of the 8 themes presented their papers in different rooms of Institute of Management,Gitam University.The Association published 4 volumes namely special volume of Indian Economic Journal,December,2012.

My paper lies in the theme 1A whose title was “The Nexus between the Employment and GDP growth rate” where I concluded that India’s GDP growth and unemployment rate not  cointegrated in the order of (1,1) and it is positively related insignificantly during 1994-2010.Also it was non-linear in shape but was not significant having ARCH and AR errors. The Sims(1980) VAR model was insignificant and asymptotic and impulse response function converges zero, the ECM model is not significant.The Planning Commission and RBI data on employment elasticity and growth rate and employment growth rate signified that India did not have any inverse relationship between GDP growth rate and unemployment rate.   

There were also more than 150 paper presenters whose papers were abstracted in the summary volume.

IEA organized a special session on Andhra Pradesh Economy where many papers were produced on the chairmanship of Prof.L.K.Mohan Rao,Prof. of Andhra University.

An important panel discussion on skill development and vocational education was held and chaired by Prof.K.C.Reddy and the discussands were Dilip H.M.Chenoy,Prof.Sudhanshsu Bhusan, Prof.Alakh N.Sharma ,Mr.Vijay Mahajan and Prof.Nawal Kishore Choudhury respectively.

The valedictory session was ornamented by the chief guest Sri Jai Ram Ramesh,Hon’ble Minister for Rural Development ,GOI.The session was ended by the memorable addresses from the President,conference President and the Secretary of the Indian Economic Association.

During 27-28 December,the cultural function enriched the 95^th conference  where the classical vocal singers and dancers as well as modern dances by students of Gitam university were the major attractions.