Dr Jadhav unveils three recipes, allied growth trajectories
“In the 12th Plan that will be approved by National Development Council on December 27, we have drawn three scenarios. The first is, if we successfully implement all economic reform policies, a growth rate of 8.4% is possible. The second scenario is if the economic reforms is done half-heartedly and implementation is not proper. In that case we may achieve a growth rate of 6 to 6.5%. Lastly, if no reform policies are undertaken, we may see less than 5% growth rate in the coming year,” said Jadhav.
Dr Jadhav, addressing the convocation ceremony at the Symbiosis International University as chief guest, drew a parallel with the current economic challenges and the problems India had faced in 1991. He said, “India in 1991 was in a big economic crisis. But we took up the challenges and turned them into opportunities for economic reform. That is how liberalisation, privatisation and globalisation came to India opening up more avenues for young entrepreneurs.”
“You will face a lot of challenges in future. But always remember you can turn every challenge into an opportunity,” said Dr Jadhav in his address.
A total of 4,241 diploma, graduate, post graduate and PhD students from seven faculties were given degrees at the convocation.
Dr Jadhav, had a word of advice for the students. “Never become a high-IQ moron,” he said.