The Hindu : Expert calls for objective review of economic reforms

Online edition of India's National Newspaper
Sunday, Mar 16, 2003

Southern States

Southern States - Andhra Pradesh-Hyderabad

Expert calls for objective review of economic reforms

By Our Staff Reporter

HYDERABAD March 15. The objective assessment of economic reforms had become all the more important in view of the initiation of the second phase of reform process, the Director of Indira Gandhi Institute of Development and Research, Mumbai, R. Radhakrishna, said here on Saturday.

Speaking at the inaugural session of the two-day national seminar on `Economic reforms and Indian economy- A development experience', organised by the Department of Economics, Osmania University,

Prof. Radhakrishna said the accent of reforms was on accelerating economic growth, structural adjustment and opening up of the economy for its integration with world economy. Noting that economic growth experienced a steep hike and fall during this period causing concern for the planners, he referred to the diminishing share of agriculture and manufacturing sector and the emergence of services sector at the centre stage of economy.

He also focussed on the growing incidence of poverty, income inequalities, social deprivation, marginalisation and poor performance on human development index in certain States as glaring examples of India's development experience. "We should learn a lot from the Chinese experimentation in this regard," he said.

He later released a book on `Estimates of coefficients of economic relationships' authored by M. Upender, Professor, Department of Economics, OU.

The OU Vice-Chancellor, J. Anantha Swamy, in his presidential address referred to economic reforms as a paradigm shift in the macro economic management of our country. He drew attention to the emerging challenges and opportunities in the wake of globalisation, impacting the economy in the form of emergence of knowledge economy, WTO and regional groupings. WTO could pose a threat to the higher education system in the form of restrictions and barriers, he felt.

The seminar director and Head, Department of Economics, K. Malla Reddy, and the Chairman, Board of Studies, Economics, K. Pratap Reddy, spoke.

Printer friendly page
Send this article to Friends by E-Mail

Southern States

Stories in this Section

MCH bid to stop SCR in its tracks

Expert calls for objective review of economic reforms

Youth held for stealing Rs. 1.80-lakh

Taking things to heart, literally