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Sunday 12 January 2014

National Conference on “Market, State and Society in Emerging India

The market oriented economic reforms have led to rapid growth in the last two decades. But the freer play of market forces has also led to increasing inequalities and tensions. The Government or the State has to shoulder its responsibility to govern and regulate markets for executing corrective measures, said Prof. Vinod Vyasulu, a distinguished economist and advisor at the Center for IT and Public Policy, Bangalore. He was delivering inaugural address for the National Conference on Market, State and Society in Emerging India at the Justice K. S. Hegde Institute of Management, Nitte, on December 29-30, 2013.

No doubt, we have a representative democracy but many representatives get elected with the support of small groups by electioneering and manipulations. Many developmental schemes in India have not become fruitful because there is no effective institutional arrangement to maintain co-ordination among them. Besides there is a tendency among the people in India to highlight the problem. It is now the time for them to think about solution instead of simply flaring problems. The State and the Government should devise strategies for encouraging private initiatives in the areas where public sector cannot play a useful role.





To decide the optimal mix of the Market and the State, is a challenging job but the need of the hour is to meet this challenges and not to fritter away time in describing this challenge. The youths now should come forward with the determination to fight evils like corruption, said a noted Industrialist Mr. Jagadish Kini, Founder Partner, E5c, Bangalore. He was delivering the valedictory address at the National Conference on Market, State and Society in Emerging India at the Institute on December, 30-2013. Another speaker and Convener of the Conference Dr. G.V. Joshi referring to Kautilya’s Arthashastra said that there should be a mix of the State and the Market for promoting social welfare. Therefore, the country has market oriented reforms. The importance of the State and Government has not-demised. It has only changed.



The society is more important than the Market and the State, said Dr. G V Joshi. The Director of the Institute Dr. K. Sankaran, giving a resume of the two day Conference said that the Institute will discuss the solutions to the problem of the country in the light of the proceedings of the Conference. Mr. Vishal Hegde, Trustee, Nitte Education Trust, in the capacity of the Guest of Honour, observed that it cannot be worthwhile to think about the future of the country instead of wasting time over the happenings of the past. Delivering Presidential address Dr. N K Thingalaya, Chairman, Academic Council of the Institute, said that emerging India is a bundle of contradictions. India is expecting faster rate of growth, there are serious problems of malnutrition and starvation with a marginal increase in monthly incomes, the poor started eating little more food articles.



As a result food prices shot up while there is difficulty in getting food articles for many in India, India leads the world in total rum consumption. It is estimated that more than 20 percent of the alcohol manufactured in the world is consumed in India annually, Thingalaya added. Professor Radhakrishna Sharma delivered welcome address and Professor Ravilochan Rao proposed a vote of thanks.

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