Now Reading: IOS symposium charts India’s economic roadmap amid global uncertainty
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IOS symposium charts India’s economic roadmap amid global uncertainty
Leading economists and policymakers gathered in New Delhi on Saturday for a symposium convened by the Institute of Objective Studies (IOS) to debate India's economic trajectory amid escalating geopolitical friction and fractured…
Leading economists and policymakers gathered in New Delhi on Saturday for a symposium convened by the Institute of Objective Studies (IOS) to debate India's economic trajectory amid escalating geopolitical friction and fractured supply chains. The event, titled 'India and the Changing Multipolar World: Challenges and Opportunities', was chaired by Professor Muhammad Afzal Wani and moderated by Sheikh Nizamuddin.
Speakers including Professor Surjit Bhalla, Professor Arun Kumar, and Professor Naushad Ali Azad emphasised that India must strengthen its domestic economic foundations while diversifying global partnerships. Professor Bhalla stressed the need to accelerate growth to meet the ambition of becoming a developed economy, while Professor Kumar highlighted the importance of employment, purchasing power, and the informal sector for sustainable expansion. IOS Secretary General Muhammad Alam noted that the world is facing profound transformation from trade tensions and supply chain disruptions.
The symposium concluded that India must transform its demographic dividend and market potential into inclusive growth, requiring policy reforms and broader participation in development.
Indian Opinion Analysis
The IOS symposium reflects a recurring debate among Indian economists: whether headline GDP growth masks structural weaknesses in employment and demand. The focus on the informal sector and small enterprises echoes findings from the periodic labour force survey that show job creation lagging behind output. With global trade fragmented by rivalries between the US and China, India's export strategy faces headwinds. The next concrete signal to watch is the government's response in the upcoming Union Budget, which will indicate whether policy priorities shift toward domestic demand and informal-sector support or continue focusing on infrastructure and manufacturing incentives.
Source: theindianawaaz.com
This story was synthesised by AI from the source linked above.
