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National Conference on Five Trillion Dollar Economy vis a vis Inclusive Development of India
Chief Patron
Dr. P. R. Sodani President
IIHMR University
Convener
Dr. Himadri Sinha Dean
School of Development Studies IIHMR University
Keynote Speaker
Prof. Som Deo Professor (Retd.) & Emeritus Fellow
University of Rajasthan
Speakers
Plenary Session I: Challenges and Opportunities of Development Organisation for Ensuring Inclusive Development in India
Mr. Sudarshan Suchi CEO
Bal Raksha Bharat (Save The Children)
Mr. Anand Sekhar Additional Mission Director
NITI Aayog
Plenary Session II: Challenges and Opportunities of CSR intervention for Promoting Inclusive Development in India
Ms. Malini GuptaCountry Head
Earthworm Foundation
Mr. Praveen KarnGroup Head
Corporate Social Responsibility Spark Minda Group
Who Can Participate
Development Professionals, CSR Executives and Students of Management, Final year students of B.A, B. Sc, B.Com, BBA, B. Sc. Ag & other graduate programmes.
About The National Conference
Theme: USD 5 Trillion Indian Economy vis a vis Inclusive Development of India.
India is one of the fastest growing major economies and is currently ranked as the world's fifth largest economy. Projections of growth, over the medium term, remain encouraging and optimistic for India. The underlying strengths are indicative of the potential of India to achieve a USD 5 trillion economy by 2027. The current structure of the economy and the emerging dynamics provide us grounds to target achieving 1 trillion dollars from agriculture and allied activities, 1 trillion from manufacturing and 3 trillion from services. The Government has several ongoing initiatives across sectors focused on growth. In agriculture the Government is aiming to reorient policy focus from being production-centric to becoming incomecentric. The emphasis on income provides a broader scope towards achieving the needed expansion of the sector. The proposed Industrial Policy 2018 provides an overarching, sector-agnostic agenda for the enterprises of the future and envisions creating a globally competitive Indian industry that is modern, sustainable, and inclusive. The World Economic Forum's “Inclusive Development Index” ranks India 62nd out of the 74 emerging countries when it comes to inclusive development.
While India is well on its path to become a 5 trillion dollar economy much like many other countries, economic inequalities are still a reality in India. India still needs to address the growing disparities between rich and poor and lack of decent jobs for educated younger generation. India is ranked 112 as per SDG ranking of 2023. Multidimensional poverty index (MPI) for India was 66 in 2021 and in human development index (HDI) India ranked 132 among 191 countries in 2023. Therefore, inclusive development has become paramount importance at the present juncture. The Union Budget 2022-23 lays the foundations for “Amrit Kaal” and has made “Inclusive Development” the buzz word for 2022 and many years to follow. The government has to put in place welfare measures to ensure a level playing eld for all sections of society. More importantly, COVID-19 has further worsened the preexisting inequalities in the society, specially the unorganised sector. Many development practitioners believe that in order to achieve the vision of a long-term sustainable and inclusive society, it is crucial for public, private as well as social sector to work in a well-coordinated manner. According to a report by McKinsey, the belief that inclusion and economic growth are inversely proportional and hence need to be addressed separately is inaccurate. On the contrary, it is almost impossible to ensure economic mobility and equitable distribution of resources without complementing the same with an increase in the overall size of the economy. Hence, economic growth and inclusive development go hand in hand.
Inclusive development fosters the economic growth, creates employment opportunities, ensures access to essential services like health and education, provides equal opportunities for skill development. It encompasses a growth process that is environment friendly and helps in creation of a gender sensitive society.
Conference aims to identify the key drivers of inclusive development where Indian youth can play constructive and vibrant role for ensuring USD 5 Trillion, Economy and holistic development.
