Jammu, June 27: Professor Umesh Rai, Vice-Chancellor, University of Jammu released a book titled “Covid-19 & Economic Crisis- Challenges, Opportunities & Recovery” authored by Dr. Vivek Sharma, Sr. Assistant Professor, Department of Lifelong Learning /Rural Development and Dada Ab Rouf Bhat, Research Scholar, Department of Commerce at his office chambers today.
Speaking on the occasion, Vice-Chancellor congratulated the authors of the book and lauded their efforts for coming out with a significant book aimed at highlighting the impact of Covid-19 on the different sectors of the Indian economy and suggesting recovery measures to overcome challenges and ensuring its speedy revival.
“Adversity can be a great opportunity to set new outlook towards Covid-19 challenge: Authors”
Giving a brief reference to the book, Dr. Vivek Sharma shared the rationale behind conceiving the present book by highlighting that the adversity can also be a great opportunity which makes us optimistic, abundant, and persistent to see a new outlook toward the Covid-19 challenge as this book puts forth plentiful and significant outcomes which would have positive implications for the Indian economy.
Indian economy confronts several economic challenges including volatility and precipitous fall in financial markets and commodity prices, and a financing gap due to shrinking fiscal revenues and Covid-19 expenditure. Liquidity crunch, disruptions in international trade, depletion of foreign exchange reserves, devaluation of currencies, and fall in export revenues due to export controls and contraction in global markets and economic engines are also causes of great concern.
Thus, the present book includes suggestions as a learning curve which can be used by different stakeholders to improve and revive the economic situation of the country, Dr. Sharma added.
Senior academicians of the University also congratulated the authors for their book and hoped they would come up with more such works shortly. Prof Rajni Dhingra, Dean Research Studies, Prof Versha Mehta, Dean Business Studies, Professor Gurjeet Kaur, Head, Department of Commerce and Dr. Sumita Sharma, Deputy Registrar, Academics and Academic Affairs also attended the book release function.