Address by Prof. J. P. Pandey at the International Conference on Building a Resilient Economy

The International Conference on Building a Resilient Economy: Policies and Strategies for Sustainable Growth at the Jaipuria Institute of Management, Ghaziabad, featured an array of distinguished speakers. Prof. J. P. Pandey, Vice Chancellor of Dr. A.P.J. Abdul Kalam Technical University, Uttar Pradesh, delivered an insightful address that emphasized the importance of resilience in economic policies and strategies.

Prof. Pandey’s address highlighted the significance of self-reliance, the dynamic nature of global economic conditions, and the essential role of human resource development. His remarks offered a comprehensive roadmap for achieving sustainable economic growth in India.

Key Points from Prof. J. P. Pandey’s Address:

1. The Importance of Self-Reliance: Prof. Pandey underscored the need for India to become self-reliant in various sectors, including manufacturing and technology. He emphasized that self-reliance is crucial for sustaining growth and mitigating the impacts of global economic disruptions.
2. Economic Resilience: Highlighting the concept of economic resilience, Prof. Pandey explained how economies must withstand shocks and adapt to changes. He drew parallels between economic resilience and mechanical shock absorbers, which help vehicles endure road irregularities.
3. Global Economic Dynamics: Prof. Pandey discussed the ever-changing dynamics of the global economy and how they impact India’s economic landscape. He stressed the importance of staying informed about global trends and adapting policies to maintain competitiveness.
4. Lessons from Historical Crises: Reflecting on past economic crises, such as the 2008 financial crisis and the COVID-19 pandemic, Prof. Pandey emphasized the importance of learning from these events. He highlighted how these crises underscored the need for robust economic policies and crisis preparedness.
5. Technological Advancements: Prof. Pandey emphasized the role of technological advancements in driving economic growth. He encouraged embracing new technologies, such as artificial intelligence and renewable energy, to enhance productivity and sustainability.
6. Human Resource Development: Prof. Pandey stressed the significance of human resource development in building a resilient economy. He highlighted the need for skill development, vocational training, and education reforms to equip the workforce with the necessary competencies.
7. Startup Ecosystem: Prof. Pandey spoke about the burgeoning startup ecosystem in India and its potential to drive innovation and economic growth. He encouraged fostering an entrepreneurial mindset among students and supporting startup initiatives.
8. Infrastructure Development: Emphasizing the role of infrastructure in economic resilience, Prof. Pandey discussed ongoing efforts to improve physical and digital infrastructure in India. He highlighted the importance of connectivity and accessibility for sustainable growth.
9. Financial Inclusion and Digitization: Prof. Pandey highlighted initiatives such as the Jan Dhan Yojana and the adoption of digital payment systems like UPI. He explained how these measures have enhanced financial inclusion and transparency, contributing to economic resilience.
10. Sustainable Practices: Prof. Pandey concluded his address by stressing the importance of sustainability in economic policies. He advocated for the adoption of green technologies, renewable energy, and sustainable practices to ensure long-term growth.

Prof. J. P. Pandey’s address at the International Conference on Building a Resilient Economy provided a visionary perspective on achieving sustainable growth. His emphasis on self-reliance, technological advancements, and human resource development offered valuable insights for policymakers, academicians, and industry leaders.

Stay tuned for more highlights from the International Conference on Building a Resilient Economy, featuring insights from other esteemed speakers.