Ghaziabad, (Asian independent)– “To say goodbye to the ‘Cobra Effect’ of debt, we should adopt the principle of needonomics based on the logo of LIC of India ‘Yogakshemam Vahamyaham’ (Your welfare is our responsibility) and authenticates economic thoughts of Mahatma Gandhi and is ethical, nonviolent and spiritual in nature”, opined former Vice Chancellor and Needonomist Professor M.M. Goel, retired from Kurukshetra University. He was addressing the members of Ghaziabad Management Association online on ‘Needonomics for Revival of Indian Economy’ here today.
The strong determination for implementing Atamnirbhar Bharat Abhiyan calls for needonomics as the key strategy, told Professor Goel.
Indian economy can be made consumer friendly by adopting NAW (Need, Affordability and Worth) approach of marketing of the goods and services, believes Professor Goel.
For bringing socio-economic transformation, we need to propagate righteous ( satvik) income after paying the taxes is good for the use of the self and others entitled under altruism as social responsibility flowing from needonomics, said Professor Goel.
For revival of the economy, we need street smart citizenry as consumers, producers, distributors and traders, told Professor Goel.
