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5th IG Patel Memorial Lecture
This lecture is in honour of Dr Indraprastha Gordhanbhai (I.G) Patel who was the ninth director of LSE from 1984 to 1990.
Over the five years through 2003-08 leading up to the global financial crisis, India clocked an average annual growth of 8.7 per cent on the back of wide ranging structural and policy reforms and growing integration with the global economy. By the year 2008, India was the fourth largest economy in the world in purchasing power parity terms. For a nation that once believed that the ‘Hindu rate of growth’ was its destiny, this remarkable growth performance became a trigger for setting off aspirations for double-digit growth.
Those aspirations have moderated significantly with growth moderating below trend in the post-crisis period owing to the impact of the global downturn as also a host of domestic policy and operational bottlenecks. The post-crisis period has also been characterized by a large fiscal deficit, historically high current account deficit and inflation persisting above the comfort level. Macroeconomic management during this period has had to contend with balancing between stimulating growth and reining in inflation, dealing with the short-term pressures in external sector without compromising long-term sustainability and returning to a path of fiscal responsibility.
Dr Subbarao, governor of the Reserve Bank of India will reflect on these challenges from the Reserve Bank perspective and illustrate the dilemmas encountered in making policy choices.
Dr Duvvuri Subbarao assumed office as the twenty-second governor of the Reserve Bank of India on 5 September 2008. Prior to this appointment, Dr Subbarao served as finance secretary to the Government of India from April 2007 to September 2008 and as secretary to the Prime Minister’s Economic Advisory Council from March 2005 to March 2007, and was a lead economist in the World Bank (1999 - 2004). Dr Subbarao came into the Reserve Bank just a week before the global financial crisis erupted in full in mid-September 2008. He led the Reserve Bank’s effort to mitigate the impact of the crisis on India and was actively engaged in the G-20 effort to coordinate an international response to the crisis.
Suggested hashtag for this event for Twitter users: #LSEIndia
Speaker(s): |
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Date and Time: |
13 March 2013 at 2:30 pm |
Duration: | 1 hour 30 minutes |
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Venue: |
Sheikh Zayed Theatre |
Organised by: |
London School of Economics & Political Science |
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Tickets: |
FREE |
Available from: |
This event is free and open to all however a ticket is required, only one ticket per person can be requested. Members of the public, LSE staff, students and alumni can request one ticket via the online ticket request form which will be live on this listing after 10pm on Monday 4 March until at least 12noon on Tuesday 5 March. If at 12noon we have received more requests than there are tickets available, the line will be closed, and tickets will be allocated on a random basis to those requests received. If we have received fewer requests than tickets available, the ticket line will stay open until all tickets have been allocated. LSE students and staff are also able to collect one ticket per person from the New Academic Building SU shop, located on the Kingsway side of the building from 10.00am on Tuesday 5 March. These tickets are available on a first come, first serve basis. Please note, we cannot control exactly when the ticket line will upload, and publishing delays do sometimes occur. As the system now allows requests to be made over a long period of time, if when you visit this page the ticket line is not live, we would advise revisiting the page at a later time. For any queries email events@lse.ac.uk| Media queries: please contact the Press Office if you would like to reserve a press seat or have a media query about this event, email pressoffice@lse.ac.uk |
Additional Information: |
From time to time there are changes to event details so we strongly recommend that if you plan to attend this event you check back on this listing on the day of the event, or on our website lse.ac.uk/events Event weblisting: http://www2.lse.ac.uk/publicEvents/events/2013/03/20130313t1430vSZT.aspx |
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