The third lecture in the series of open lectures given by our faculty will be all about the economy of India!
Thursday, 29th November at 6:30 pm
Akademeia High School
Over the past three decades, India has made one of the most impressive economic progresses the world has ever seen. Economic liberalization, which occurred at the beginning of 90’s brought about a significant change to the position of this country on the map of global powers. Number of Indian millionaires increased, the rise of middle class woke up a great purchasing potential, making India a very important contributor to the world’s economic activity.
At the same time, India still faces numerous problems, which were said to be solved through increased wealth. Poverty, illiteracy, corruption, inequality and environmental degradation are hindering the development, casting a shadow on the inspiring story of the success.
This lecture will concentrate mainly on the final results of the transformation. We will look at the story behind Indian economic success and most important macroeconomic indicators to answer several questions: Was this transformation a success? To what extent economic growth was in line with development? Who won and who lost on that transformation? And finally: Can Western countries export economic models, just as they export goods?