In the globalised world, India cannot remain continuously inward-looking. Volatility in global financial market has increased significantly in recent months on concerns of US Fed raising rates, Japan negative interest rate policy, slowing emerging market, sharply falling commodity prices, fresh fears about sustainability of Greece debt, recession in Russia and Brazil etc. Even though India has registered one of the fastest growth rate among major economies, it is not immune to global slowdown. Morgan Stanley has recently stated that ‘India is the best house in bad neighbourhood’. The seminar wants to discuss about the impact of these global headwinds in India, with a particular focus on slowing China.
Rajiv Kumar, senior fellow at CPR, is an economist and the author of several books on the Indian economy and India's national security. Dr Kumar is also chancellor of the Gokhale Institute of Economics and Politics in Pune and the founding director of Pahle India Foundation, a non-profit research organisation that specialises in policy-oriented research and analysis.Before coming to CPR, he was Secretary General of FICCI. He has also served as Director and Chief Executive of the ICRIER and chief economist of the CII as well as in positions with the Asian Development Bank, the Indian Ministry of Industries, and the Ministry of Finance.He presently sits on the boards of several international and national institutions, including the King Abdullah Petroleum Studies and Research Centre in Riyadh, the Economic Research Institute for ASEAN and Asia in Jakarta, the State Bank of India, and the Indian Institute of Foreign Trade. He was a member of the Government of India's National Security Advisory Board between 2006 and 2008.Dr Kumar holds a DPhil in economics from Oxford and a PhD from Lucknow University.
Dr. Johanna Boestel is Principal Economist at Asian Development Bank. From 2011-14, she was advisor at Japan Bank for International Cooperation. From 2000-11, she held various positions with Asian Development Bank. She was Senior Economist at Strategy and Policy Department, Country Economist of Sri Lanka Resident Mission, Colombo and Economist at East and Central Asia Department. Before joining the ADB, she was teaching economics at the University of Canterbury, and working for the Economist Intelligence Unit in London. She received PhD in Economics from University of London in 1999.
Soumya Kanti Ghosh is currently chief economic advisor, State Bank of India. Soumya was most recently, Senior Fellow at ICRIER. He was responsible for driving the G20 agenda at ICRIER. Earlier, he was chief economist-FICCI. He was responsible for espousing FICCI`s stand on contemporary economic issues and acting as a facilitator between Government and Industry. He is also a guest faculty to IIT Kanpur and IIT Rohtak on areas of risk management and was a member of Committees of GOI. Soumya has a PhD in Economics with proven success in Risk Management, Quantitative Analytics & Economics.
Dr.Thomas Richardson has been Senior Resident Representative for the International Monetary Fund (IMF) in India and Nepal since August 2012. Prior to heading the India office of the fund, he was Senior Resident Representative and IMF mission chief in Uganda where he was responsible for all aspects of IMF program negotiations and capacity buildings with that country. During the course of more than 20 years at the fund, he has served as an IMF mission chief for a number of countries, including Cyprus, Belarus and Moldova, and has worked on extensively in China and Russia, in the latter case as IMF Resident Representative from 1995-98. From 1990 to 1993, Dr. Richardson was an Assistant Professor of Economics at Yale University. His PhD is in Economics from Columbia University (1991).
Seminar will be followed by Lunch.
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