SVC, Economics Vision & Mission Statement

Economics is the social science that is concerned with the production, distribution, and consumption of goods and services. Economics aims to explain how economies work and how economic agents interact. Economic analysis is applied throughout society, in business, finance and government.

At the time of its inception in 1961, the Department of Economics offered only the Economics courses of the B.A (Pass) and B.Com (Pass) programme. It was in 1973, under the leadership of the then Principal Dr. V. Krishna murthy and under the intellectual guidance of Prof. K. L. Krishna of the Delhi School of Economics, the Department introduced the B.A (Hons.) Economics' programme.

The members of the Department in the early years were Mr. I. P. Nijawan, Mr. T. N. Rao, Mr. Nehchal Singh, Dr. E. K. Rao, Dr. A. Tirupati Raju and Mr. R. Thulsidas. Later three more teachers joined the team- Dr. U. N. Murthy, Mr. P. K. Mohanthy and Mr. Amitab Pandey. In 1982, Dr. Padma Suresh and Mr. V. A. Ramaraju joined the department, followed by Mrs. Aruna Rao in 1983. In 2001 Mr. P.S. Gangadhar joined the Department followed by Mr. Krishna Kumar in 2003. Mr. D. Brahma Reddy joined the department in 2004 followed by Mrs. Suchismita Sinha Ray in 2005 and Shailaja S. Thakur in 2006.

The Department of Economics offers the B.A (Hons) Economics as per the guidelines and syllabus set by Department of Economics, Delhi School of Economics . The Economics Honours programme of Sri Venkateswara College is one of the most sought after programmes in University of Delhi. The department also handles the economics courses of B. Com (Hons.), B.A Programme and B Com Programme, as per the guidelines of the University of Delhi.

Vision & Mission Statement

With the Indian Economy poised to become the largest (on PPP basis) in the world by 2050 surpassing USA (2040) and China (2050) (Financial Services Group: CITI Report (February) 2011- Global Growth Generators authored by Willem Buiter & Ebrahim Rahbari), the need for High Caliber Economists for Economic Analysis and Policy Making cannot be emphasized enough. The Department is on a MISSION (Mission 2050) to meet the future demand for high caliber Economic Policy Makers by providing strong foundations in Economic Theory, Mathematics and Statistics at the undergraduate level itself.

The faculty endeavors to preserve the vibrant academic atmosphere and continue to provide high quality Economics education both theoretical and practical to current and prospective students through quality Teaching, Technical Workshops, Seminars, Conferences, Distinguished Lectures, Field Visits, International Academic & Cultural Exchange, International Undergraduate Economics Students Summit (BlissPoint)etc. to meet the future demand for policy makers and make them compassionate individuals to tackle the current and emerging national and global problems/challenges with optimism, confidence and resilience.

Therefore the Department strongly encourages only those students to apply for B.A (Honours) in Economics, who have keen interest in studying Economics/Public Policy further at Graduate and Doctoral level and become Policy Makers to play key role in Public Policy Making for Overall National Development, National Defense, Internal & Border Security and National Integrity of India, to make India the Strongest Nation of the World. THIS WOULD BE THE TRUE TRIBUTE TO OUR FORE FATHERS WHO SACRIFICED THEIR LIVES IN THE STRUGGLE FOR FREEDOM AND STATESPERSONS WHO PRESERVED THE POLITICAL INDEPENDENCE AND TERRITORIAL INTEGRITY OF THE COUNTRY.

Distinguished Lecture Series

To inculcate love and passion in the students for Economics and Economic Policy Making, the Department began the Distinguished Lecture Series (DLS) during the academic year 2006-07 with the support and guidance of the dynamic and visionary Principal then, Padma Shri Dr. A. Sankara Reddy. The objective of lecture series is (1) to bridge the gap between economic theory taught in the class room and economic policy making in India and (2) to inspire students to pursue higher studies in Economics by providing a platform to interact with the leading economists and economic policy makers of the Nation.

The inaugural lecture of the series was delivered by Dr. Shankar N. Acharya on "Macroeconomic Management in 90s". This was followed by Dr. M. Govinda Rao on "Tax System Reforms in India: The Centre-State Dimension". Shri. Kiran Karnik delivered a lecture in the beginning of 2007-08 on "IT"s All About Development" followed by Dr. Parthasarathi Shome on "Fiscal Policy and Regional Development", Dr. C. Rangarajan on "India's External Account Management in 90s" and Dr. David C. Mulford on "U.S-INDIA Economic Relations". A lecture by Prof. Amit Bhaduri on 'Impact of Globalization on the Indian Economy' was organized during 2008-09.

The above mentioned economists/policy makers have been role models and a source of inspiration to our students. A large number of our students were admitted into prestigious Master's Programmes in Economics and Finance in India and abroad during 2007-10 indicating the success of the DLS in achieving its primary objective. The DLS will resume during the Golden Jubilee Year 2010-11.

Fabrica

The Department began a workshop series titled 'Fabrica' with the aim of inviting experts from various areas of the discipline to provide in-depth knowledge to our students through intensive technical interaction. In the year 2008-09, the Department conducted two such workshops on 'WTO and India' by Prof. Amit Shovon Ray, CITD, JNU and on 'Introductory Game Theory' by Prof. Anirban Kar of Delhi School of Economics. In 2009-10 Dr. Meeta K Mehra (CITD) of JNU conducted the workshop on 'Trade and Environment'. These sessions were found to be highly useful and the students gained a lot of knowledge from workshops. Fabrica too will be continued in the Golden Jubilee Year 2010-2011.

Public Policy Seminar

Department of Economics has successfully organised two day National Seminar on "Public Policy and Delivery in Post-Reform India: Challenges a Head" as part of the Golden Jubilee Celebrations of the College during 20-21 September, 2010. Dr. Mihir Shah, Member-Planning Commission has delivered the inaugural address on "Development Strategies for Maoist Affected Districts". Dr. K.L.Krishna (Honorary Professor, DSE) has been the Guest of Honour.

The Seminar has been financially supported by Planning Commission- Government of India with Grant-in-Aid for National Seminar to promote Socio-economic Research.Given the importance of issues in Public Policy and Delivery Mechanism, the Department has decided to conduct biennial seminar on Public Policy. The next seminar will be conducted in the academic year 2012-2013.

Members of Faculty

1. Dr. M. Padma Suresh

2. Mr. V. A. Rama Raju

3. Mrs. Aruna Rao

4. Mr. S. Krishnakumar

5. Mr. D. Brahma Reddy

6. Ms. Shailaja S. Thakur

7. Ms. Kalithasammal (Temporary)

8 Ms. Meenakshi Sharma (Ad-hoc)

9. Mr. Anand Prakash Ekka (Ad-hoc)

Former Members of the Faculty

After rendering their distinguished services for more than three decades the following faculty members have retired from the department.

1. Mr. Tirupati Raju (passed away (12/02/00) while in service)

2. Mr. T. N. Rao (retired on 03/02/02)

3. Dr. E. K. Rao (retired on 31/03/04)

4. Mr. Nehchal Singh (retired on 30/06/04)

5. Mr. R. Thulasi Das (retired on 14/10/04)

6. Mr. P. S. Gangadhar (resigned on 04/07/04 to join Indian Foreign Service)

Economics Site Map