Amritsar, October 18Punjab School of Economics, Guru Nanak Dev University, organised a lecture on ‘Economic Development in India: Past, Present and Future’ here on Friday. Prof Ranjit Singh Ghuman, Professor of Eminence of the University, delivered the lecture. Prof Kuldip Kaur, Professor and Head, welcomed Prof Ghuman and others. Prof Ghuman highlighted the reasons for slowdown in Indian economy and emphasised on consumption-led growth model for its retrieval. He also traced the dynamics of growth of the Indian economy since independence and emphasised that capitalistic model of development only accentuated inequalities in the economy.
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