NATIONAL CONFERENCE at Chowgule College

DEPARTMENT OF ECONOMICS, PARVATIBAI CHOWGULE COLLEGE OF ARTS AND SCIENCE, MARGAO—GOA

organises

NATIONAL CONFERENCE

ON

GLOBAL FINANCIAL CRISIS : VULNERABILITY OF INDIAN ECONOMY

on15th and 16th March 2013

Venue : Parvatibai Chowgule College of Arts and Science Auditorium, Margao– Goa

GLOBAL FINANCIAL CRISIS: VULNERABILITY OF INDIAN ECONOMY

Indian economy has become more vulnerable since 1991due to globalization and as such all major and minor happenings around the world are affecting India’s vulnerability clearly. Never before globalization, could anyone imagine that the developed economies would face such a crisis. In 2008, the US economy witnessed financial meltdown following a series of bank and insurance company failures which triggered the crisis and halted global markets. The enormity of the crisis was so severe, that it eventually affected all most all the economies particularly the so called developed economies of Europe and USA and exposed the long-term dislocation and weaknesses of these economies. In 2009, financial crisis in Europe made it difficult to refinance government debt. The most affected countries coined as PIIGS nations are Portugal, Ireland, Italy, Greece and Spain. European sovereign debt crisis has also resulted from a combination of various factors, including the globalization of finance; easy credit conditions that encouraged high-risk lending and borrowing
practices; international trade imbalances; real-estate bubbles so on and so forth. This crisis has opened up the loopholes of the traditional economic theory and challenged the presumption of underlying stabilizing tendencies in competitive markets. As an impact of the US and Euro crisis, Indian Stock Market which was touching new heights prior to the crisis due to FIIs, almost nose-dived following credit crunch of the parent company leading to panic in the minds of the investors which has adversely affected India’s GDP growth rate. The bottom line is that since Indian economy is connected and dependent on European, American and other economies, unless and until the issues are adequately addressed both at regional and global level, the crisis may further deepen and affect the growth of Indian economy which has already slowed down since 2008.

OBJECTIVES OF THE CONFERENCE

1. To provide a platform to academicians , researchers and students to deliberate upon certain issues pertaining to the Global Financial Crisis.
2. To sensitize the participants upon the vulnerability of the Indian Economy with regard to the Global
Financial Crisis.
3. To highlight the role of the government and BRICS in connection with the Global Financial Crisis.

SUB—THEMES
• BRICS as drivers of world growth.
• Impact of financial crisis on regional economies.
• Dynamics of policy implications in the short-run & long-run.
• Challenges and opportunities for India.
• Paramount role of government for sustained growth.
• Strategic approach to address the crisis.


Original research papers are invited from academicians, researchers and practitioners on various sub—themes provided above or on any issues related to the main topic of the conference.


CONTACT NUBERS

1. College office : 0832– 2759504, 2759231
2. Dr. D.Muzumdar : 9422058140
3. Mrs. Rupali Tamuly : 9923312775
4. Ms. Danica Menezes: 9860598031