Seminar organised on 'What's next for the Indian Economy'

Bridge School of Management held the second edition of 'Bridge Briefings', at its Gurgaon center located in DLF Cyber city . True to its commitment of offering industry focused knowledge, the Bridge Briefings, hosted by the Bridge School of Management, was addressed by Dr. Subir Vithal Gokarn, Senior Fellow, Foreign Policy, Global Economy and Development, Director of Research, Brookings India and Former Deputy Governor of RBI who focused on 'What's Next for the Indian Economy' in his keynote address.

In his keynote address, Dr. Gokarn explored where the Indian economy stands today in light of the current macro-economic problems and provided insight on how the economy can progress if the new government in place takes the right steps in this direction. Food inflation, Fiscal deficit, squeezed capital spending, balance of payments, balance of investments, incentive system and job-employment mismatch were some of the key areas which Dr. Gokarn divulged into as a part of his address.

'This is a crossroads moment for India. This is a point at which things could go very positively or very negatively and in many ways where we are today resembles where we were in 1991. The economy was under extreme stress during that time. But, we had a growth spurt for 5 years in the early 2000s and India was seen as an upcoming super power by the world. The belief that India had solved every problem and there was nothing else to be done, I believe, was the root of the problems we have faced over the last couple of years in our economy. Going forward, according to me, the choices that the government makes over the next few months, the direction in which it steers the Indian economy is extremely critical as it is going to make or break the situation.', said Dr. Subir Vithal Gokarn, Senior Fellow, Foreign Policy, Global Economy and Development, Director of Research, Brookings India and Former Deputy Governor of RBI.

'It is very important to address the currently prevalent skill challenge and the job creation challenge in the market. We can't just have hire and fire without any job security. The Indian economy needs to bring security to the labour market and for this we have to make sure that the right skills are imparted.", added Dr. Gokarn.