: Maharashtra Economic Summit: Indian Economy, Today and Tomorrow.

“Enabling the poor students to go in for higher education and give them a chance to study the stream of their interest with cost effective fee structure and other infrastructural facilities are the most important steps to be taken to make Maharashtra the leading State” observed H.E. Shri K. Sankaranarayanan, Hon’ble Governor of Maharashtra, while conferring the Y.B.Chavan memorial awards during the 2nd Edition of
“Maharashtra Economic Summit” coinciding with the 6th foundation day of the organizers Maharashtra Industrial and Economic development Association (MIEDA) and birth anniversary of Shri Y. B. Chavan, the first Chief Minister of the State of Maharashtra on 12th March, 2011 at Mumbai with the support of Government of Maharashtra.

“Poverty leads to illiteracy while literacy will drive away the poverty”, mentioned H.E. Shri Murlidhar Bhandare, Hon’ble Governor of Orissa while inaugurating the Summit. He praised the role of Shri Y.B. Chavan as the Chief Minister of Maharashtra as well as the Home Minister, Finance Minister, External Affairs Minister and Deputy Prime Minister of India.

“Y.B. Chavan Memorial Awards for excellence” were bestowed upon Lokmat Group of Newspapers for Media and Social Sector, Shri Ujjwal Nikam - Senior Advocate and Public Prosecutor for “Law and Judiciary”, Captain C.P. Krishnan Nair, Chairman, The Leela Palaces, Hotels and Resorts Hospitality Sector, Dr. Anil Kakodkar, DAE Homi Bhaba Chair Professor, & Member AEC for ‘Scientific Research and Nuclear Power Programmes of
India’, Dr. Raghunath Mashelkar, President, Global Research Alliance for “Science and Technology”, Shri Anand Mahindra, Vice Chairman and MD, Mahindra and Mahindra for “Industry.”, Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister for “Economic Reforms and Nation Building”, H.E. Dr. D. Y. Patil, Founder President, D.Y. Patil Educational Academy, Hon’ble Governor of Tripura for ‘Education and Social Activities’.

Delivering the Y.B. Chavan Memorial Lecture on “Indian Economy - Yesterday, Today and Tomorrow”, Shri Yashwant Sinha, Member of Parliament (Lok Sabha) and Chairman, Parliamentary Standing Committee on Finance and former Finance Minister touched upon commendable and gradual growth the country has achieved from the first 5 year Plan till date. The growth in 1961-66 was 2.8% whereas it has touched 7.9% during 2002-’07.
Competition has to be there everywhere to achieve progress whether it is in politics, business education etc. which was not encouraged. From the undesirable “License -Quota Raj” of yesteryears, we have started moving ahead since 1991.

Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister delivered the keynote address on “strategic initiatives for economic growth and some concerns”. He narrated about the growth of Indian Economy which grew at 6.81% per annum in the 5 year period from 2005-‘06 to 2009-’10. It grew at 8.1% per annum. He said that there is an urgent need to bring down the current account deficit to around 2.5% of GDP and
controlling the inflation in order to achieve sustainable growth. With capital inflows of over USD 50 billion, it did not create a great problem.

There was a panel discussion on “Industrial, Infrastructure and economic growth of Maharashtra - a new agenda for development”. The eminent panelists included Shri Anand Mahindra, Vice Chairman and MD, Mahindra and Mahindra Ltd., Dr. Uday Salunkhe, Director, Welingkar Institute of Management Development and Research, Dr. Ragunath Mashelkar, President, Global Research Alliance, Shri Y.M. Deosthalee, Director and CFO, Larsen and Toubro Ltd., Dr. Anil Kakodar, DAE, Homi Bhaba Chair Professor and Member, AEC, Shri Ajit Parasnis, Director General of Police, Maharashtra and Shri Azeez Khan, Principal Secretary (Industries), Govt. of Maharashtra

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