A youth 20 lecture under NEHU’s initiatives for G20 is held entitled, “Next 25 years of reform”

Shillong, April 17: A youth 20 (Y20) lecture under NEHU’s initiatives for G20 is held and renowned technocrat, author and policy advisor Shri Sanjeev Sanyal delivered the distinguished lecture entitled, “Next 25 years of reform”.

Mr.  Sanyal, a member of Economic Advisory Council of Prime Minister of India visited NEHU to deliver such an important policy oriented lecture to enlighten NEHU faculty, students, staff, researchers and others about the course of reform that India is going to undertake in next two decades or so.

Mr. Sanyal delineated need for transparency, innovation, efficiency and quick solutions to pending problems of delivery from the system and advocated a faster path of reform with due interventions from the Government.

The Lecture was organised by Office of International Affairs of NEHU with the aim to re-understand India’s attempts to emerge into a global economic power by pursuing practical solutions to serious problems of running the system.

The  Vice-Chancellor Prof. P. S. Shukla presided over the Lecture. The lecture was held at Multi-Convention Hall of NEHU and was participated by large number of students far exceeding capacity of the Hall.

Mr. Sanyal, as a cult figure, because of his writings of best-selling books like Land of the Seven Rivers, The Ocean of Churn, India in the Age of Ideas, and the Indian Renaissance has been a celebrate policy think tank, whose presence enthralled a huge audience.

Ideas of reform, spelt out in terms of judicial reform, financial reform, bureaucratic reform and overall, the need for finding avenues of opportunities for the youth was emphasised by Shri Sanyal.

Mr. Sanyal argued that uncertainties and instabilities of a present day economy necessitates a kind of solution that is arrived at by the market albeit with some directions and interventions from the Government.

Citing the work of Govt. of India during Covid times, Shri Sanyal pointed out how a presumed equilibrium does not come into existence and how one needs to bring about certain changes to address the uncertainties, inspite of going out of copybook style of running the economy.

The present growth figure of 5.7%, according to noted expert Shri Sanyal, of the Indian economy is a safety valve, which would stave off inflationary pressures and balance of payment crises etc.

On the front of human development, India’s improved picture of life sustenance and night luminosity are examples of India’s slow but steady progress, according to Shri Sanyal.

On a pointed question about creation of jobs for Youth, Shri Sanyal candidly pointed out that job creation is no longer in the hands of the Government, but it depends on finding ways and means of setting up business in every sector of social life, to which youths are able to cope up by adapting appropriate strategies of career and entrepreneurship.

Mr. Sanjeev Sanyal admitted the fact that teaching has to go global because of digitalisation, but research potential has to be built up between institutions by fair redistribution of scare resources so that in research, a university like NEHU can maintain a steady role in contributing to the economy.

Vice-Chancellor Prof. P.S. Shukla in his speech pointed out the strength of India’s present leadership and argued that India will be able to go through all difficulties and can evolve a path of self-reliance and self-development.

Prof. Anand Shankar Dixit introduced Shri Sanyal in a befitting manner. In his brief address, Prof. Dixit, Registrar-in-Charge of NEHU explained the synergy between economics, natural sciences and technology that NEHU has built up over the years and in the present juncture.

NEHU is following a path of contributing to national agenda of growing the economy by innovation and research. Prof. Prasenjit Biswas, Officer-In-Charge, Office of International Affairs delivered a vote of thanks.

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