Exhibition on recession in Pune

The world is face to face with recession today. However, there are many who don't know what exactly this dreaded word means.

Hence, the students and teachers from economics department of the S P College have organised an exhibition titled 'I am the recession' to make people understand the complex nature of the economic depression in a simple way.

The two-day exhibition, which starts today, will have eminent speakers delivering lectures on global recession, capital markets and its impact on Indian economy.

Prof Anil Vartak, a member of the team that has prepared the content, which would be shared with the visitors, said that the exhibition would highlight the biography of global recession.

"Besides, we would bring to light the causes of recession and the fluctuations in the economy," he said adding that their idea is to reach out to the common man so that they develop a better perspective about the issue.

Prof Vartak added that they have depicted recession as a vagabond and its various features in form of a story.

"We have created a character that symbolises recession and explains economics in simple language," he said.

He added that the focus of the entire exercise is emphasise on how and to what extent is the government, policy makers, industries and people from all walks of life getting affected.

"Instead of the imparting bookish knowledge we are trying to look at the issue with a broader perspective by infusing much of fieldwork," Prof Vartak said added that he believes that recession might continue till the year-end.

'I am recession'

It's a first person account by a character named recession.

It says: I am the one who causes a decline in GDP for at least two consecutive quarters and I am a vagabond who moves to every sector.

Why should I bother when people abuse me? According to people, I'm a devil and to some extent they are right.

But don't forget, I succeeded because of your greediness, thanks buddy. Well, hope you remember me till our next meet and do understand me by then.

Source: http://www.mid-day.com/news/2009/jan/300109-exhibition-global-meltdown-economics-department-S-P-College-capital-markets-Indian-economy.htm