Lecture on the topic “21st Century Economics” at the 55th Panjab University Colloquium

Chandigarh, April 15, 2019: Sh Sanjeev Sanyal, Principal Economic Advisor, GoI delivered a lecture on the topic “21st Century Economics” at the 55th Panjab University Colloquium organised by PU Colloquium Committee, here today. In his Lecture, he explained about the ideas of economy can change nation’s way of living. New ideas from different fields like socialist and marketing economists act as filters. Economy may be considered as biological ecosystem which is continuously moving; there is no natural tendency to move to equilibrium. He talked about Noble prize winner Friedrich Hayek speech about pretence of knowledge. He also explained about complicated indian tax system and GST. Economy which is related to other fields like biology, history etc. is going to churn and they has to be optimal equilibrium; it keeps on continuous moving. He emphasized that new ideas should be imbibed and we have to participate in the changes; at the same time we have to take these to next generation and. It is important how do we operate in this environment. He talked about new reforms like judicial forms, higher education etc.in the country need to be introduced. Prof. (Dr.) Raj Kumar, Vice Chancellor, Panjab University, Chandigarh in his address, while expressing his gratitude to the speaker for taking out time to enlighten the audience with his vast knowledge on Indian economy and world economy, highlighted about how technology plays important role through medium, target groups and productivity. He also elucidated how the young researchers through their research can help common man and society. Earlier, Prof. Promila Pathak, Coordinator PU Colloquium Series briefly spoke about the eminent speaker. She introduced him and mentioned his various achievements, informing that he has been member of the Steering Committee of Urban Age at LSE Cities and co-founder and Director of GIST - a think-tank that is a pioneer in the field of environmental accounting. She informed about his various assignments and awards he received for his meritorious contributions University Faculty, teachers of Local Colleges and neighboring institutes, CRIKC members, research scholars, and students attended the lecture.