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The Sun Sets Over the Planning Commission: Where is India’s Economic Policy Headed?
April 27, 2015 @ 5:00 pm - 7:15 pm
The Indian Planning Commission was one of India’s leading public economic institutions. While the Commission was largely seen as a legacy of the socialist period, it also played an important role in providing legitimacy to the country’s federal framework and guided the economic and political dimension of the relationship between the Central Government and states. The dissolution of the Planning Commission by the present government in New Delhi and its replacement by the Niti Aayog thus raises some important questions for economic policy. This panel discussion provided an overview and update of the situation and tackled the following questions:
- Will the quasi constitutional Finance Commission now play a greater role in the fiscal relationship between the states and the Central Government? And what do the changes mean for relations between New Delhi and the states?
- Will the Niti Aayog continue to liaise with civil society and individual economists who were consulted by the Planning Commission on social expenditures?
- What does the dissolution of the Planning Commission mean for the future policy trajectory of Indian economic development and the Federal Structure of the political system?
| Speakers: | Kant Bhargava, former Diplomat and former South Asian Association for Regional Cooperation Secretary General (India)Richard Bird, Senior Fellow of the Institute on Municipal Finance and Governance and Professor Emeritus, Economics, Rotman School of Management, University of Toronto
Sanjay Reddy, Associate Professor, Department of Economics, New School University, United States Mitu Sengupta, Associate Professor, Department of Politics and Public Administration, Ryerson University MODERATOR: Dilip Soman, Director, India Innovation Institute, Behavioural Economics in Action, Rotman School of Management, University of Toronto |
| Venue: | Fleck Atrium (Ground floor, North Building) | map Rotman School of Management, U of Toronto, 105 St George Street, Toronto |
| Cost: | No fee – all are welcome. Pre-registration online by noon on April 27 is mandatory. |
CO-HOSTS: Centre for South Asian Studies at the Asian Institute, Munk School of Global Affairs; Institute on Municipal Finance and Governance, Munk School of Global Affairs; India Innovation Institute; Rotman School of Management, University of Toronto.