The Indian Economy: an impending Crisis ?

Guest speaker: Professor Deepak NAYYAR, Jawaharlal Nehru University, New Delhi; Visiting Professor, Indo-French Programme; Fondation Maison des Sciences de l’Homme, Paris

Chair: Christophe JAFFRELOT, CNRS/CERI-Sciences Po

One of the most noted Indian economists, Deepak Nayyar is Emeritus Professor at Jawaharlal Nehru University, New Delhi and former Distinguished University Professor at the New School for Social Research, New York. He is an Honorary Fellow of Balliol College, Oxford. He has been Chief Economic Adviser of the Government of India and Vice-Chancellor of the University of Delhi. His latest book, Catch up: Developing Countries in the World Economy, will be published this month by Oxford University Press, Oxford.

Deepak Nayyar will talk about this book in another seminar to be held at the Maison des Sciences de l’Homme on September 25th (contact: benfares@msh-paris.fr)

Slowing growth, persistent inflation, falling investment, eroding confidence and plummeting rupee: is the Indian economy facing an impending crisis, a few months before the next general elections of 2014? Professor Nayyar will consider the present situation in the light of what happened during the 2000s, juxtaposed with the past in independent India, to provide an analysis of economic ups and downs and the dramatic transformation in perceptions from widespread hope to growing despair. Does this make India different from the other lead emerging economies, in the aftermath of the global financial crisis and the recent slowing down of the BRICS?