Economist-author Nikhil Gupta to speak about India’s economic growth at ICG on Feb 23

Goa Khabar: Nikhil Gupta, chief economist with a leading brokerage will be speaking about his recent book: “The Eight per cent Solution” and India’s economic growth at the International Centre Goa (ICG) Dona Paula on Friday, February 23 between 1030-1130am.

Gupta will be in discussion with Dr Pushkar Sinha, director, ICG as part of the “Kitaab” series of the ICG. The event is open and free to the public.

The media release issued by ICG in the city on Tuesday said that Gupta has been a close observer of the policies and factors that help India grow. Says Gupta, “An economy consists of four participants- households, corporate, government and external-and just three activities: consumption, savings/investment and external trade. However, the lack of attention to the finances of the household sector and the unlisted corporate sector is shocking. As too the gap between the real and the financial economy.”  It is these and other gaps in this complicated scenario that Gupta tries to bridge in his book.

The “Eight per cent Solution” presents Gupta’s version of a grand unified theory that brings in the neglected but important elements to show how India can finally achieve that elusive target of a higher phase of growth.

Viral Acharya, former deputy governor, Reserve Bank of India says, “This is a highly insightful book, impressive for how its analysis connects the dots between

different parts of the economy-households, financial sector, corporates-listed and unlisted and the government.”