Archive · 22 Dec 2025
NK Singh Advocates Cooperative Federalism for Economic Growth
NK Singh, a famous economist, spoke at a big meeting of economists.
He said that democracy and economic growth can work together.
He talked about how India's economy grew slower than China's and other countries in the past.
He also said that India needs to learn from its mistakes and work together to keep the economy stable.
He mentioned that the new labor laws need cooperation between the central and state governments.
The meeting also showed 108 cartoons to celebrate its 108th year.
NK Singh emphasized that democracy and development are compatible and can be harmonized for sustained economic growth.
He noted that India and China had similar economic sizes until 1980, but by 2023, China's per capita income was 5.5 times that of India.
Singh highlighted that countries like South Korea, Taiwan, Hong Kong, and Singapore prioritized exports for economic growth, unlike India.
He stressed the importance of cooperative federalism and macroeconomic stability, requiring alignment between Union and State fiscal policies.
The conference featured 108 cartoons by N Ravikanth, published in The Hindu businessline, to mark its 108th anniversary.
- Who
- NK Singh, Chairman of the 15th Finance Commission
- What
- Inaugural address at the 108th annual conference of the Indian Economic Association
- When
- Sunday, December 21, 2025
- Where
- Osmania University, Hyderabad
- Why
- To discuss India's economic journey and the compatibility of democracy and development
- Event
- 108th annual conference of the Indian Economic Association (IEA)
- Speaker
- NK Singh, Chairman of the 15th Finance Commission
- Organizer
- Department of Economics, Osmania University
- Duration
- Three days
- China's per capita income
- 5.5 times that of India in 2023
- India's economic size
- Similar to China until 1980
- Key theme
- Cooperative federalism and macroeconomic stability
