Economists express concerns over deteriorating Pb economy - Hindustan Times
close_game
close_game

Economists express concerns over deteriorating Pb economy

Hindustan Times | By, Patiala
Dec 13, 2014 08:41 PM IST

Economists expressed concern over the deteriorating Punjab economy on the second day of the 51st Indian Econometric Society conference at Punjabi University here, on Saturday.

Economists expressed concern over the deteriorating Punjab economy on the second day of the 51st Indian Econometric Society conference at Punjabi University here, on Saturday.

HT Image
HT Image

Speaking about the challenges in the agricultural sector, RS Sidhu, professor at the Agriculture University, said though Punjab had successfully met the challenges of food security, but in doing so, it had landed itself into serious economic and environmental problems.

Hindustan Times - your fastest source for breaking news! Read now.

"The diversification of crops and its promotion as secondary agriculture will not only boost agricultural economy but also help save the environment," Sidhu said.

He stressed upon the role of the state in assuring marketing of alternative crops at remunerative prices and strengthening of supply chains to motivate Punjab farmers.


Professor Sukhpal Singh from the Indian Institute of Management, Ahmedabad, emphasised on achieving agro-industrial development in Punjab.

He pointed out that there were several national as well as global effects which hindered or facilitated development.

"There is an urgent need to reorient the existing mechanism to bring about the desired type and level of agro-industrial development in Punjab," Singh said.

Upinder Sawhney from Punjabi University spoke on sub-national fiscal issues with special reference to Punjab, pointing towards fiscal deterioration in most states of India.

"Populism has taken precedence over reforms, leaving a lot to be desired in terms of fiscal consolidation and reforms. Fiscal discipline is the need of the hour to boost the state's economy," she said.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On