Post Graduate Department of Economics of Post Graduate Govt. College for Girls, Sector-11, Chandigarh organised a Talk/Interactive Session on Needonomics for Human Development in India on 06-11-2019. Professor M.M. Goel former Vice Chancellor Jagan Nath University, who is a known spiritual economist from Kurukshetra , was the resource person for the expert talk. Prof (Dr) Anita Kaushal, Principal of the college welcomed Prof. M.M. Goel. The Principal emphasised the importance of human development in India in the context of large population resources.
Making his presentation, Prof. Goel emphasised that “Recession as ‘horror-scope’ of any economy like India calls for spiritually guided materialism (SGM) Strategy which is capable of removing all kinds of fear (false evidences appearing real). Economy based on SGM strategy does not require predictions (astrological or data based) for existence and excellence without worries of wars as not windblown of recession.” Prof. Goel opined that recession in the global economy including India is a reality to be accepted by the stakeholders with proper diagnosis by the economists for creating conducive working environment. Economy can be people friendly and socially beneficial only if undertaken in accordance with NAW (Need, Affordability and Worth) approach of the goods and services .To fix the existing economic mess , we have to understand, analyse, interpret and adopt ‘Needonomics’ (economics of needs) which is nonviolent, spiritual and ethical in nature. Needonomics is the sensible idea of India in tune with 17 Sustainable Development Goals (SDGs) 2030 for every economy of the world, he believes. It is believed by Professor Goel that the problems including violence, terrorism, exploitation and corruption of all kinds are caused by ‘Greedonomics’ (economics of greed) and can be reduced if not removed by ‘Needonomics’.