Guest Lecture on Reforms in Indian Economy

Resource Person Details

Dr.V.J Byra Reddy ia a Ph.D in Business Administration from Mangalore University and a post graduate in Economics from Bangalore University. In his previous role he was a professor and Dean Academics, Accreditation and Quality at Amity University Uttar Pradesh, Noida

Dr.V.J Byra Reddy sir started with BOMBAY PLAN. Bombay plan was initiated during 1944 Bombay plan was a series of proposals for the development of India’s economy by puting up a small group of powerful business leaders in Bombay.

After this the resource person started extracting more points about problem of choice.

• What to produce?
• How to produce?
• By whom to produce?

Later he discussed about the Gandhian Plan.

Further we moved to reforms -

• Technological Reforms
• Institutional Reforms
• Then the lecture was moved on to the five year plans
• First year plan was concentrated on Agriculture.
• Second five Year plan was concentrated on manufacturing.
• Third five year plan was a failure because of Indo- China war and famine etc.
• Revolutions -
• Green Revolutions - Agriculture
• Yellow Revolution - Oil
• White Revolution - Milk
• Blue Revolution - Aqua Federation

The following were also discussed in the lecture -

• Demographic Dividend
• Inflation
• Monetary policy
• Credit Policy
• Budgetary Deficit -
• Revenue deficit
• Budgetary Deficit
• Primary Deficit
• Monetized deficit

So, here we had a great interaction among ourselves, and with Dr.V.J Byra Reddy about reforms in Indian economy and Various 5 year plans, successful and failed 5 year plan and about various monetary and credit policies and how tax is generated.

It was our privilege that Dr.V.J Byra Reddy sir excepted our invitation and gave us knowledge on how reforms in Indian economy works and how they are established.