His economic policies to make India a world economic super power by 2020
Dignitaries at the National workshop in economics at Providence College for Women at Coonoor on Tuesday. (Photo: DC)
Coonoor: Late former President Dr APJ Abdul Kalam was not just a scientist or technocrat or teacher alone, he was also a peerless economist in his own way, economists said.
His economic policies to make India a world economic super power by 2020 is something that needed to be pursued, experts said at the two-day National Workshop on “Abdul Kalam’s economic policy: India, world economy issues and challenges”, organised by the Providence College for Women (PCW) in Coonoor.
Though India has made tremendous advancements in many fields, it needs transformation to achieve big in 2020 and beyond, said Rev.Sr Assumpta, secretary, PCW.
“Vision 2020 is there, but we need the mission to achieve that goal. It is up to the youth to develop will power and determination to take the country forward. They should prepare a plan of action to find solutions to challenging issues to produce results,” she said.
An economically developed India by 2020, as envisaged by Dr Kalam, should look like a nation where the rural-urban divide has been reduced to a thin line, said Dr Hemasrikumar, head of the department of economics at PCW. By then, there should be access and equitable distribution of energy and water, she said.
Agriculture, industry and service sector must work together in symphony. Also, education should not be denied to any meritorious candidates because of societal or economic discrimination, she said.
Youth should be imparted skill training.
“It is essential to develop sustainable systems in every domain, so that fluctuations in the world economy do not have a direct impact on the Indian economy. We need to work on removing impediments on the road to economic development to achieve the goal,” she said.
‘Despite challenges, Indian economy looks promising’
The future of Indian economy is promising despite the many challenges, experts in the field of economics said at the two-day conference held here.
According to Dr Suriya Kumar, former president of the Association of Economists of Tamil Nadu, economies around the world have now become inter-independent on each other.
“India is inevitable for the prosperity of US economy. Like that each country needs other country’s support to sustain their economy. Resources are there, the problem seems to be in distribution.
“The time has come to look into economic issues across the world to find solutions to ensure sustainability,” he said.
Dr Kalam’s vision on energy conservation, action plan to improve agricultural economy, focus on development and infrastructure are needed to be taken in right direction to progress well, he said.
“Economics is a part of human life. The youth should chalk out their own plans to save money and cut down unnecessary expenditures,” said Gopal, secretary, Scientific Research Association for Economics and Finance in Chennai.
The future for Indian economy looks promising as 1.25 lakh new companies in various sectors like IT, manufacturing have begun to take root across the country, he said. This would ensure job opportunities in the future.
“India need not worry about slowing down of world economy as it has the potential to tide over the crisis because of the good domestic consumption” he said.
Young economists should set a goal and meditate on it to draw an action plan to proceed, said Sister V.J. Sheela, principal, Providence College of Women.
“They should acquire enough knowledge on their field of interest and take risk courageously without worrying about the failures,” she said.
( Source : deccan chronicle )
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