In the All-Student Conference of the Department of Economics organized at Allahabad University, RBI Deputy Governor Dr. Michael Debabrata Patra said that in the last decade, more than 300 million people in India were made poverty free. In the conference, the students relived their old memories, Prof. Sudhakar Panda was presented with the Excellence Award.
A full student conference of the Department of Economics was organized in Allahabad University on Wednesday. On this occasion a lecture was held on the topic ‘India’s economic growth and upcoming challenges’. Dr. Michael Debrabrata Patra, Deputy Governor, Reserve Bank of India (RBI) was the chief guest.
Dr. Patra said that India’s journey of 75 years has been quite astonishing. In the last decade, more than 300 million people in India were freed from poverty. It also has the highest rate of poverty alleviation anywhere in the world.
The strong recovery so far in world trade post-Covid in 2021 brings with it a new sense of optimism about exports. He said that the fifth most important challenge is to strengthen the external soundness of the Indian economy to prevent global spillovers and mitigate the risks of economic growth. India is currently one of the fastest growing major economies of the world. In the conference, all the students refreshed their old memories.