This pace is slightly below the yearly average of the previous two decades, and is held back by at least three drags. The first is a slowdown in industrial production, which has resulted mainly from persistent contraction in mining, dominated by falling oil output.
Global cooperation, which is now so much a part of our daily discourse, draws its intellectual origins from the Brandt Commission report of the 1970s to which Dr. Jha contributed. This lecture series in his name honours Dr. Jha’s outstanding service to the nation and his leadership of the Reserve Bank during a very critical period. So far, there have been 12 lectures.