‘Key policy effort should be to provide a safety net’, says Director, Institute of Economic Growth


~Dr. Ajit Mishra addressed students on COVID-19 policy efforts in ISBF’s virtual public lecture’ says Director

New Delhi, July 30, 2020: Indian School of Business & Finance (ISBF), New Delhi, a leading institute in economics, management and finance in India, hosted the first public lecture of academic session 2020-21 under its noteworthy Distinguished Public Lecture Series. The lecture was delivered by the distinguished economist and policymaker Dr. Ajit Mishra on the topic ‘COVID-19 and its Fallout: Lessons for Public Policy’.says Director

Dr. Ajit Mishra is the Director of Institute of Economic Growth (IEG), an autonomous body under the Government of India, founded in 1952 by renowned economist, V.K.R.V. Rao, for advanced research on economic and social development.

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The public lecture, delivered virtually owing to the pandemic, witnessed over 50 students participating in from schools, colleges and industry professions from across the country. Undergraduate and postgraduate students from institutions like JNU, LSR, Symbiosis and Bhartiya Vidyapeeth also formed a part of the audience.

With over 25 years of experience in the field, Dr. Mishra is a renowned name in economic development, public economics and economic theory. During his session, he offered an insight into the policymaking process and the on-ground implications of such policies during the COVID-19 pandemic. He emphasised on the fact that in current uncertain times, the task of forming policies is certainly challenging. He went on to share details on the welfare policies and their impact on the general population during the lockdown, mentioning that more 76% households have benefitted from one or more welfare schemes promoted by the government.

Speaking on the economic stimulus package pushed by the government, Dr. Mishra agreed that there should be have been more focus on the sectors like travel and hospitality that have been severely affected by the pandemic and the consequent lockdown. Commenting on the key pointers to note while evaluating policies, he said that there are four questions to ask, namely, ‘Is it consistent with the overall thinking? Were the targets and instruments clearly specified? Was the policy intervention active or passive? Is there enough flexibility for further changes?’

The enlightening lecture was followed by an intense question-answer session. On the questions asked by the participating ISBF students, Dr. Mishra commended the intellect of the students and expressed his appreciation for the high quality of the questions.

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At the Indian School of Business & Finance, owing to an application-oriented, enquiry-based curriculum, guest speakers and public lectures have always been an integral part of the learning journey. In the past, the institution has had the good fortune of hosting renowned speakers from a diverse set of backgrounds and sectors. Under the title of Distinguished Public Lecture Series, ISBF has had outstanding personalities from the fields of economics, management and finance, before Dr. Ashok Lahiri, including Dr Montek Singh Ahluwalia, Former Deputy Chairman, Planning Commission; Dr Pronab Sen, Former (and first) Chief Statistician of India; Dr Abhijit Sen, Former Member of the Planning Commission; Nikhil Arora, Vice President and Managing Director, GoDaddy India, amongst others.

About ISBF

ISBF was founded in 2006 with the vision of delivering world‐class education in India. Through its partnerships with global giants like University of London, The London School of Economics and Political Science and Kingston University, ISBF ensures that students receive a rigorous, application-oriented and global education, which is relevant to local needs.

Many of them transfer to foreign universities in their second year of undergraduate study, go on to prestigious institutions for higher study, or secure placements in India or overseas with leading multinational corporations.

ISBF students are taught by an expert and highly qualified group of faculty members and also see deep engagement from partnering universities, who train ISBF’s teachers as well as conduct classes for students. On the LSE led programmes, ISBF students study the same curriculum and are held to the same standards as LSE students, with the programmes culminating into a University of London degree at a fraction of the cost.

Today, ISBF is one of LSE’s top five Teaching Institutions in the world, and also enjoys University of London’s Affiliate Centre status, the highest recognition accorded to teaching institutions by the university.

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Frequently Asked Questions

In the Academic Year 2020-2021, ISBF has initiated the Business Management (Honors) undergraduate programme in partnership with Kingston University. Students of this programme are full-fledged Kingston University students who necessarily transfer to KU in third year and graduate in London. They receive all the same benefits as international students studying at Kingston University including hostel accommodation, 2-year work VISA and other career related benefits. The programme also offers an optional year-long internship anywhere in the world. Students complete this programme at less than half the cost at ISBF.

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