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The Conclave

#VOCALFORLOCAL

 

“SYNERGY” is a national-level, inter-collegiate, academic and multi-disciplinary fest organized by the Department of Economics, St. Xavier’s College Jaipur. As we look ahead to the Ninth chapter of Synergy, we strive to foster skills, ability and wisdom in the students. We carry forward the same legacy of Synergy and wish to live to the motto ‘Virtualization of Ideas’ and change the current deliberations to enter into the new and unknown. It’s an academic fest, which provides a platform for young minds to implement the theoretical knowledge of economics in a practical and innovative environment.

The Conclave, which was introduced in the fourth edition (2015) of Synergy, has now become an integral part of this fest. Every year conclave is centered towards a theme which is of socio-economic concern with an aim to create awareness and initiate a positive and thought provoking dialogue. With four successful conclaves on Dr. APJ Abdul Kalam, Anti-Doping in 2016, Forerunners of change in 2017, Economics vs. Politics’ in 2018, Synergy’19 unfolded its fifth edition of the conclave highlighting the importance of ‘#NOtoSingleUsePlastic: A call for Youth’.  Last year, over 800 students from prominent institutions all over the country, St. Xavier’s College Ahmedabad, CVS Delhi, Kirori Mal College, Lady Shri Ram College etc. to name a few, trooped in to celebrate economics and its role in building a better India.

This Year’s Conclave is all set to highlight a very important initiative taken up by the current government and our Hon’ble PM Shri Narendra Damodardas Modi, i.e. “VOCAL FOR LOCAL”.  With the COVID-19 pandemic putting an unnatural and unprecedented strain on the National and Global economy, a lot of local and indigenous businesses have been severely affected. In a country where 60% of the population is employed by such enterprises, the current scenario becomes a cause of grave concern. Until and unless people are made aware about the true scale of impact and they themselves come forward to mitigate the same through mutual cooperation and understanding, it’ll be very difficult for the economy to set on the path of a steady recovery.

In the last 70 years, we have not trusted our indigenous industries, resources and entrepreneurs. We did not trust ourselves. From 1950 onwards, we allowed development to take place through the public sector but when that failed, we took the route of globalization after 1991. We handed the baton over to Foreign Direct Investments (FDI), multinational corporations and foreigners. This new system was capital-based. Monopolization and capturing markets was priority. The growth that happened was jobless, faceless and ruthless. By allowing the import of subsidized Chinese goods, we invited job losses and economic inequalities within our own border, put several local industries out of business and made people dependent on government doles, instead of nurturing them into valuable contributors to society.

The push for self-reliance was a long time coming. It is time to revive those local industries that were taken for granted. It is time to usher in economic policies that produce welfare; sustainable income, help job creation and all in all, put faith in the people.

 

 





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