Prof. Kamta Prasad, Former President, Indian Economic Association, Chairman Institute for Resource Management and Economic Development, Delhi, Adjunct Professor of Department of Economic delivered special lectures for the students of Department of Economics during his visit during 17th-18th April, 2017. His topic of discussion was Public Investment Criterion and Government’s Objective of SABKA VIKAS. The lectures primarily revolved around the most burning concept of present Modi Government- “ Sabka Sath, Sabka Vikas” i.e. Development of All. Prof Prasad, contradicted the traditional concept-“Greatest good of the greatest number”. The objective is good but needs to be operationalized, otherwise, it would remain merely an empty slogan, the speaker added.
In the interactive scission, he came up with explanation of how “Sabka Sath, Sabka Vikas” not only influenced the masses but also the government in power and explained the key economic concepts like Benefit cost Ratio, Internal Rate of Return and their major role in Public Sector Projects which act as instruments to “ Sabka Sath, Sabka vikas”. He not only thrown light on this new concept along with its working but also highlighted the Limitations of the pre-existing models and finally he suggested certain policy measures that could further aid in development of Indian Economy with respect to “Sabka Sath, Sabka Vikas”.