6th POWER TALK IN ICCMRT

 

Dr. Anis Ansari was the chief guest at the 6th Power Talk on inclusive & sustainable growth in UP convened by Dr Ram Komal Prasad ,Associate Professor ICCMRT ( Institute of Cooperative & Corporate Management , Research & Training) at their auditorium at Lucknow 

Prof A K Sengupta former HoD Economics - PVC Lucknow University presided over.

Dr. Anis Ansari being felicitated by Dr Ram Komal Prasad ,Associate Professor ICCMRT at 6th power talk on inclusive & sustainable growth on 2 March 23 at their auditorium at Lucknow

The students & faculty of Management & Engineering etc were the audience 

Dr. Anis Ansari made the following major points : 

1- Annual budget for financial year 2023-24 for UP pegged at Rs 6.90 lakh crores is higher by 12% compared to the 2022-23 . It is the highest budget in terms of value in UP 

2- The govt assumes receipt of Rs 6.86 lakh Cr with a fiscal deficit of Rs 85,000 Cr ( 3.5% of State Domestic Product ) 

3- Estimates of receipts are exaggerated keeping in mind the trend of shortfalls in earlier years 

4- Both the claims of Govt about 16.8% rate of growth of State Domestic Product in 2021-22 & projection of 19% rate of growth for 2023-24 are unfounded . Govt used growth rate at current prices instead of constant prices as is normally done for calculating GDP . SDP did not exceed 6 % in 2021-22 against a lower base in 2020-21 due to Covid 

5- Cut in outlays for irrigation , SC -ST & OBC welfare will dampen agriculture & inclusive growth 

6- India ‘s macro economic fundamentals got weakened after 2014 as illustrated in table -1

7- Performance at inclusion & human development in India deteriorated from 2014 onwards as illustrated by table -2 

8-  UP is ranked at 3rd spot from below out of 35 states / union territories in human development index 

9- India can become a developed country by 2047 if health , education , income & democracy are promoted . Much needs to be done on these areas.