Bengal Economic Association has organized the Mid-Year Seminar on 24th September in 2011 at Michael Madhusudan Mahavidyalaya,Adra,Purulia,WestBengal on the theme “ Two Decades of Economic Reforms in India”. 27 paper presenters attended the seminar so far.
The key note Paper entitled “Two decades of economic reforms in India” was presented by Prof.Raj Kumar Sen,former President of BEA. He highlighted on jobless growth,neglect of investment in agriculture,adverse impact of green revolution,corporate-led MNC dominated process like SEZ,contract farming,etc, and the accumulation black money and rising inequality.
The theme paper entitled “Two decades of Economic Reforms-The Indian Economy” was presented by Dr.Asim Kumar Karmakar-the Assistant Prof. of Economics of Jadavpur University. He focused on several issues like BOPs crisis,debt problem,trade policies,non-competitiveness etc.
Prof.Dhirendranath Konar of Kalyani University expressed the declining agricultural contribution ,rural poverty and inter-state disparity on his paper “Economic Reforms:Its impact on rural poverty in India during the last twenty years”
Dr.Purba Chattopadhyaya of Gobardanga Hindu College examined the basic health indicators like nutritional indicators,anemia,reason for Indian children’s sufferings and infant mortality rate etc. which predict a gloomy future.
Anath Bandhu Mukhopadyaya of SRF College,Beldanga(retd) spoke about multidimentional implications of Indian Economic Reform which was originated through Washington Consensus.
Dr.Debesh Bhowmik of International Institute for Development Studies(Kolkata) on his paper , “India’s Renewable Energy:Achievements and Targets” emphasized on different sources of renewable energy in India during last two decades and showed long term projection up to 2040.He showed that India ranks 5th in wind power and also ranks 5th in world renewable energy.He clarified the importance of India’s trade in renewable energy.But he did not forget to show the gloomy picture of solar energy and nuclear energy in India.He hopes that India will improve its status in the world in renewable energy by implementing new climate policy ,new energy policy and long term perspective plan where a great potentiality of green jobs may emerge.
Debes Mukhopadhyaya of St.Pauls CMCollege,Kolkata(retd) emphasized on inequality, organized employment potentiality,governance deficit and development deficit etc and said that economic democracy and political democracy is far wide off the mark.
Rajat Sarker –a PG student of Jadavpur University analysed on India’s foreign direct investment.
The same was emphasized by Dr Swapan Kr Roy and Suhas Roy of Bethuadahari College,Nadia.
The prospect of service-led growth in India was studied by Ankita Das of Kolkata.The globalization and non-agricultural economic reform at last decades in urban India was narrated by Samarjit Das –the urban planner,Dumdum municipality.Hiranya Lahiri –a PhD scholar of Jadavpur University analysed the reform in 4 phases,eg 1993-95,1996-98,1999-2003and 2004 onwords .Under 1st phase,tight peg with dollar,high inflation,loose monetary condition were found.High rupee volatility,lower inflation and tight credit were foundin the 2nd phase.In the 3rd phase,inflows of fdi, sterilized intervention,rupee depreciation,fuel price inflation were visited.4th phase showed fuel and food inflation,currency flexibility and mixed monetary stance.Debalina Chakraborty –a research scholar of Jadavpur University focused on demand side management policy and examined how electricity reform in India managed to control huge unmet demand for electricity of end users.Shyamasree Dasgupta of the same capacity,showed that the pathways of development of both industrial and environmental policies directed towards iron and steel sector in India during last 50 years and found that composition and policy of the sector changed significantly.Chandreyee Gupta and Sanchita De –PG students of Jadavpur University, concentrated on the direction of change in exports and imports of India.Abhishek Das-a PhD scholar of JU, verified that inflation and interstate income disparity are positively related and there exist a bi-directional causality between them during 1980-81-2007-08.Dr.Biswajit Guha of Netajinagar Day College emphasized on problem of exclusion in India’s economic reform. Dr.Dhiraj Kumar Bandopadhyaya of Calcutta University investigated the two way link between economic growth and human capabalities and explored possibilities of vicious cycle,virtuous cycle,lopsidedEG and lopsided HC and then classified the states into these categories.Bratati Dasgupta of Jogesh Chandra College ,Kolkata emphasized on urban co-operative banks in India.
Prof Debdas Ganguli of HIT,Haldia and Dr.Pankaj Basu of Naihati, studied over the process of corporate restructuring and along with this tries to identify if reforms in Indian money market and Indian capital market are basic forces to have any role in this process of corporate restructuring. Dr.Debashish Mukhopadhyaya of BNMahavidyalaya,studied on economic reforms in acreage response function of selected vegetables in WestBengal.Dr.Madhumita Sengupta of Malda College analysed the reforms in financial systems in two decades and found integration with the world.Anusuya Kar –Assistant prof. of Netaji Nagar College,showed declining agricultural growth and employment.Dr.Jayanta Hazra of JKCollege of Purulia,said about the declining economic status of Purulia and emphasized on industrialization in Purulia to revive the district.Dr.Suvranshu Pan-Assistant prof. of MMMahavidyalaya highlighted on the composition and trends of various types of capital flows during last twenty years in India.Dr.Saroj Upadhyaya and Dr.Niladri De of EIILM,Kolkata examined the changes in banking sector especially in capital adequacy norms,prudential regulations,asset classifications,stricter regulations on NPA management etc.Dr.Anil Kumar Thakur-the Secretary and Treasurer of the Indian Economic Association was the chief guest and gave his good wishes to all.
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