NATIONAL SEMINAR ON MACRODYNAMICS IN INDIAN ECONOMY

MACRODYNAMICS IN INDIAN ECONOMYJalandhar September 22 (Jaswinder Azad)- Department of Economics of Hans Raj Mahila Maha Vidyalaya, Jalandhar organized a national seminar on “Macrodynamics in Indian Economy” under the able guidance of Madam Principal Prof (Dr.) (Mrs.) Ajay Sareen. The resource person of the event was Dr. Satyanarayan Kothe, Associate Professor, Mumbai School of Economics and Public Policy, University Of Mumbai. The resource person was welcomed with planter by Dr. Kanwaldeep, Dean Academics and Ms. Shallu Batra Head, Department Of Economics. The resource person emphasized on the role of service sector in development of Indian economy stating that Indian economy has been proved to be service sector led economy. He orated that service sector has major share in gross domestic product and decadal growth rate as compared to other sectors viz agriculture and industrial sector and volatility of decadal growth rate of service sector is least. Inspite of major share of service sector its growth rate in employment is less while that of agriculture is maximum indicating disguised unemployment in agriculture sector. However, in last two decades, labour share in service sector is increasing; in agriculture sector it is decreasing and in manufacturing sector it is stagnant. He also highlighted that share of service sector in total foreign direct investment inflows is maximum 63.7% in 2018-19. However he emphasized that foreign direct investment inflows should be maximum in industrial sector for achieving sustainable growth. The seminar was concluded with interactive and knowledgeable discussion. Faculty members of Department of Economics, Ms. Jyotika and Ms. Harmanu and about 100 students of Economics have attended the seminar.

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