Shri Sanyal, a member of Economic Advisory Council of Hon'ble Prime Minister delivers lecture on "Next 25 years of reform"


Date: Apr 17, 2023

A youth 20 (Y20) lecture under NEHU’s initiatives for G20 is held and renowned technocrat, author and policy advisor Shri. Sanjeev Sanyal delivered the distinguished lecture entitled, “Next 25 years of reform”. Shri. Sanyal, a member of Economic Advisory Council of Hon’ble Prime Minister of India visited NEHU to deliver such an important policy oriented lecture to enlighten NEHU faculty, students, staff, researchers and others about the course of reform that India is going to undertake in next two decades or so.  Shri Sanyal delineated need for transparency, innovation, efficiency and quick solutions to pending problems of delivery from the system and advocated a faster path of reform with due interventions from the Government.

The Lecture was organized by Office of International Affairs of NEHU with the aim to re-understand India’s attempts to emerge into a global economic power by pursuing practical solutions to serious problems of running the system. Hon’ble Vice-Chancellor Prof. P. S. Shukla presided over the Lecture. The lecture was held at Multi-Convention Hall of NEHU and was participated by large number of students far exceeding capacity of the Hall.

Shri. Sanyal, as a cult figure, because of his writings of best-selling books like Land of the Seven Rivers, The Ocean of Churn, India in the Age of Ideas, and the Indian Renaissance has been a celebrate policy think tank, whose presence enthralled a huge audience. Ideas of reform, spelt out in terms of judicial reform, financial reform, bureaucratic reform and overall, the need for finding avenues of opportunities for the youth was emphasized by Shri. Sanyal.

Shri Sanyal argued that uncertainties and instabilities of a present day economy necessitate a kind of solution that is arrived at by the market albeit with some directions and interventions from the Government. The present growth figure of 5.7%, according to noted expert Shri Sanyal, of the Indian economy is a safety valve, which would stave off inflationary pressures and balance of payment crises etc. on the front of human development, India’s improved picture of life sustenance and night luminosity are examples of India’s slow but steady progress, according to Shri. Sanyal.

On a question about creation of jobs for Youth, Shri. Sanyal candidly pointed out that job creation is no longer in the hands of the Government, but it depends on finding ways and means of setting up business in every sector of social life, to which youths are able to cope up by adapting appropriate strategies of career and entrepreneurship. Shri. Sanjeev Sanyal admitted the fact that teaching has to go global because of digitalization, but research potential has to be built up between institutions by fair redistribution of scare resources so that in research, a university like NEHU can maintain a steady role in contributing to the economy.

Vice-Chancellor Prof. P.S. Shukla in his speech pointed out the strength of India’s present leadership and argued that India will be able to go through all difficulties and can evolve a path of self-reliance and self-development.

Shri. Sanyal was introduced in a befitting manner Prof. Anand Shankar Dixit. In his brief address, Prof. Dixit, Registrar-in-Charge of NEHU explained the synergy between economics, natural sciences and technology that NEHU has built up over the years and in the present juncture, NEHU is following a path of contributing to national agenda of growing the economy by innovation and research.

Prof. Prasenjit Biswas, In-Charge of Office of International Affairs delivered a vote of thanks.