What then are the implications of these global economic trends on the Indian economy? Dr. Gopinath said, there is good news for India, she said. While most emerging markets are exposed to a negative shock due to crashing commodity prices, India being a big commodity importer, is in a rather privileged position, she said. The China Slowdown effect has not had a major negative effect on India as India’s exports to China are a small 4%. The high borrowing interests are not bothering India too much and since India has a young working force, the demographic aging trends and their negative impacts on the global economy is not a major threat to India either.
The audience interacted with her with questions on the global currency issues; stagnation of TFP, increasing environmental concern on the global economy; the issues related to the distribution of agri-products, etc. Her response was that while each country is trying to do its bit, and new employment opportunities have opened up with the solar projects, waste management programs and such, yet on the global front, there are no teeth to it, she said. Implementation of the right technologies can address a few of these problems, she added.
Dr. Gita Gopinath, who comes with a number of laurels to her credit and the ‘Young Global Leader Award’ title by the World Economic Forum in 2011 was inducted into the Women Achievers’ Hall of Fame at MYRA School of Business, Mysore, by Mr. Ashok Baweja, Head, Quest Global Defense and Former Chairman of HAL.
Mr. Ashok Baweja in his address wished her more success and hoped to see her reach many more heights.
Dr. Sudhendar Rao, Professor of Information Systems at MYRA in his valedictory address said that her talk on the global economic situation was a capstone course to the just-concluded course on Economics and the on-going course on Global Competitiveness at MYRA.
Dr. Shalini R Urs Founder and Chairperson, MYRA, Dr. M N Panini, Distinguished Professor Centre of Excellence for Sustainable Business Innovations, Dr. Shrijay Urs, Executive Director, MYRA, Faculty, staff, students and invitees formed the audience.
Comments