National Seminar on Indiaâ€™s Macroeconomic Management in the Context of Global Slowdown (national seminar)
|Event Date/Time: Dec 06, 2008||End Date/Time: Dec 06, 2008|
|Registration Date: Nov 29, 2008|
|Early Registration Date: Nov 29, 2008|
|Abstract Submission Date: Nov 22, 2008|
|Paper Submission Date: Nov 29, 2008|
In the post-reform period, India stands as an economy that is rapidly â€“ modernising, globalising and growing. India is poised as a fast growing emerging market economy in the face of the current turmoil and pessimism. The resilience shown by India comes from the strong macroeconomic fundamentals. India has weathered the storms of the recent financial market crisis with great strength and stability. India flouts a robust GDP growth rate of almost 9.0 percent in the midst of all international economic mayhem. The household sector is coming to prominence with impressive contribution in the national pool of savings. Rising investment levels and improved productivity are the engines driving growth. Indians have witnessed a doubling of average real per capita income growth during the tenth plan period. The government has progressed towards a fiscal correction. There has also been a sharp rise in net capital inflows. The strong institutional and macroeconomic policy framework in India is further complemented by the gains from trade and global financial integration.
How India is placed in the face of a global economic meltdown? How vulnerable is the Indian economy? India cannot go unscathed by the all round global economic developments. In the recent period, India has witnessed a slight moderation in her economic growth rate, shooting interest rates, an alarming rise in inflation rate and expected reversals in the capital flows. The challenges for India, which has so far been relatively insulated from the financial turmoil, are: How long can the Indian economy resist the impact of global recession? Are the monetary, financial and banking sectors adequately equipped to meet the new pressures?
The heightened global uncertainty and economic downturn calls for strong monetary and fiscal policy measures and reforms to safeguard Indiaâ€™s growth momentum, and to shield it from the inadvertent consequences of the ongoing international financial market muddle. At this juncture, it is pertinent to draw attention to the emerging challenges of the global economic slowdown and the strengths of the Indian macroeconomic policy and planning to cope with it.
The seminar is a timely endeavor to focus on the challenges and strengths of the Indian economy in the backdrop of the global economic meltdown.
Some of the thrust areas and sub-themes of the seminar are:
Â· Global Slowdown and its Impact on money and Financial Markets
Â· Indian Macro Economy: Challenges and Strengths
Â· Inflation â€“ Current Dynamics and Global Crisis
Â· Dynamics of Indian Savings and Investment
Â· Open Economic Scenario and External Sector
Â· Strategies for Financial Inclusion
Â· Financial Deepening in India
Â· Global Banking: Impact and Challenges
Â· Banking Supervision: Basel II Accord
Â· Risk and Capital Management
Â· Financial Crisis and Global Financial System
Â· Corporate Finance and Governance
Â· The Indian Stock Market
Â· Financial Systems and Anti- Money Laundering (AML)