Inauguration of “The Economics Forum” and “The Econovation Club”

Description of the event: The formal inaugural function of “The Economics Forum and The Econovation club” at Christ (Deemed to be University) commenced at 4:30 p.m. The event's esteemed Chief Guest was Dr. Lekha S Chakraborty, who delivered her address to the students pursuing was open to all. Dr. Chakraborty is a highly regarded economist known for her significant contributions to the field. She holds a doctorate in Economics and has an impressive academic background. Her research and work have received international recognition, making her a prominent figure in the domain of economics. She is a Professor at National Institute of Public Finance and Policy, New Delhi.

Dr. Lekha S Chakraborty's work centers on economic policy, development economics, public finance, and gender economics. Her research often delves into the intricate relationship between economic policies and social development. Dr. Chakraborty is known for her thought-provoking insights and contributions to the assessment of public policy, particularly regarding gender development. Her perspective on economics extends beyond mere numbers, emphasizing the human and societal dimensions of economic decisions. With her profound expertise and accomplishments in the realm of economics, Dr. Lekha S Chakraborty brings a wealth of knowledge and wisdom to the students' academic journey, inspiring them to explore the multifaceted world of economics and public policy. Her address at the event undoubtedly offered valuable insights and perspectives to the eager audience of economics and analytics students.

The event was inaugurated by academic coordinator Reverend Father Justin P Varghese. The proceedings were skillfully emceed by Veda and Rehan, who began by extending a warm welcome to all attendees. At 4:40 p.m., Dr. Lija Jacob, the head of the department of Data Science, delivered a welcoming address. She extended her warm greetings to both the "Economics Forum" and the "Econovation Club" at the university, emphasizing that this platform was open to all departments. Dr. Jacob articulated the mission of fostering collaborative brainstorming sessions and formally welcomed the esteemed guest, Dr. Lekha S Chakraborty. She also expressed gratitude to Dr. Tiny S Palathara for her support. At 4:45 p.m., Reverend Father Justin P Varghese extended a hearty welcome to the club and the forum, expressing his anticipation of intellectual exploration and the identification of innovative opportunities. At 4:50 p.m., Father facilitated the chief guest, and a token of appreciation was presented to Sneha Gupta, a student of Christ University who named the club.

Dr. Lekha officially inaugurated the forum at 4:55 p.m., motivating the students with inspiring words, including the notion that "well begun is half done" and highlighting that success often comes to those who have faced challenges. The chief guest, Dr. Lekha Chakraborty, inaugurated the club through a video presentation at 5:00 p.m. The video, spanning 10 minutes, explained the real-life applications of economics, emphasizing how it influences choices, decision-making, and the actions of individuals. The presentation illustrated that economics is a valuable skill, relevant to various aspects of life, from selecting affordable products to understanding financial markets. At 5:20 p.m., Dr. Tiny S Palathara, the faculty in charge, presented the club's planned calendar of activities for the upcoming year and introduced the office bearers.

Dr. Lekha S Chakraborty addressed the students at this juncture. She emphasized the importance of quantifying elements as policy makers increasingly focus on measurement. Dr. Chakraborty underscored the significance of measuring gender development, especially in countries where GDP does not fully contribute to human development. She cited the example of Kerala, Sri Lanka and emphasized the need to measure human and gender development, recognizing that there is a lack of adequate tools to address gender disparities.

The speaker discussed the concept of "Leave Nobody Behind," highlighting that policy makers cannot discriminate against any group. She emphasized that if equal opportunities exist, a country would function more effectively. Dr. Chakraborty raised questions about gender budgeting and its application on campuses, as well as the weightage given to population, which can lead to regional disparities. She discussed the difference between equality in process and equality in outcome and speculated on the possibility of having a female representative in the 16th Finance Commission. At 6:10 p.m., Dr. Chakraborty concluded her address and opened the floor to student interaction and a question-and-answer session. Many students posed thought-provoking questions. The event concluded with a vote of thanks delivered by Professor Avichal Sharma at 6:30 p.m., who serves as the co-coordinator of the Economics Forum.

Outcome of the Event

1. Enriched Understanding of Economics Beyond Traditional Measures: Attendees gained a deeper comprehension of economics that extends beyond conventional metrics, fostering a more holistic and nuanced perspective on economic phenomena.
2. Real-World Applications of Economic Policies and Societal Impact: The event illuminated the practical implications of economic policies, empowering participants to appreciate the tangible effects of these policies on society.
3. Greater Awareness and Advocacy for Gender Equality: Gender equality emerged as a central theme, with the event prompting increased awareness and advocacy for gender equity in economic discussions and policy considerations.
4. Motivation to Pursue Careers in Policy Advocacy and Public Service: Many participants were inspired to explore careers in policy advocacy and public service, recognizing the potential for positive change through these avenues.
5. Encouragement of Interdisciplinary Thinking and Diverse Perspectives: The event fostered an environment that encouraged interdisciplinary thinking and welcomed diverse perspectives, promoting a more comprehensive and inclusive approach to addressing economic challenge

Conclusion: The inauguration was highly successful and well-received by attendees. The event was marked by insightful discussions, engaging presentations, and inspiring keynote speaker. Participants found the sessions to be informative and thought-provoking, and they appreciated the opportunity to engage with prominent figures in the field of economics, such as Dr. Lekha Chakraborty. The inaugural has set the stage for a promising future, where economic discussions are not just theoretical exercises but tools for real-world progress and societal betterment.